November 23, 2016 - By Marie Mckinney
In a form that has been filled with the Washington-based SEC, it was disclosed that the SVP – Finance and CFO of Barnes Group Inc Christopher Stephens, an insider in bear’s eye, made a stock market deal for 10,000 shares of the corporation, worth near $462,198 U.S. Dollars using an average price per share of $46.2 U.S. Dollars. Christopher Stephens now owns 88,753 shares which are exactly 0.16% of the Connecticut-based company’s market cap.
Out of 6 analysts covering Barnes Group (NYSE:B), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. $50 is the highest target while $36 is the lowest. The $39.40 average target is -15.69% below today’s ($46.73) stock price. Barnes Group has been the topic of 13 analyst reports since July 28, 2015 according to StockzIntelligence Inc. As per Friday, August 7, the company rating was upgraded by Oppenheimer. The firm has “Outperform” rating by Oppenheimer given on Friday, February 12. The company was maintained on Monday, October 26 by Oppenheimer. Buckingham Research initiated the shares of B in a report on Monday, October 19 with “Neutral” rating. The stock has “Buy” rating given by Deutsche Bank on Thursday, April 7. The stock of Barnes Group Inc. (NYSE:B) has “Buy” rating given on Tuesday, January 12 by Sidoti. The firm has “Neutral” rating by DA Davidson given on Friday, December 11.
Insitutional Activity: The institutional sentiment increased to 1.56 in Q2 2016. Its up 0.64, from 0.92 in 2016Q1. The ratio is positive, as 14 funds sold all Barnes Group Inc. shares owned while 69 reduced positions. 21 funds bought stakes while 55 increased positions. They now own 44.00 million shares or 2.38% more from 42.98 million shares in 2016Q1.
Ironbridge Capital Management Ltd Partnership accumulated 115,110 shares or 0.17% of the stock. Profund Advisors Ltd Liability Co last reported 10,633 shares in the company. Rothschild Asset Mngmt owns 562,661 shares or 0.34% of their US portfolio. Sei Invs last reported 72,124 shares in the company. Finemark Fincl Bank accumulated 0% or 46 shares. Amer Grp Incorporated last reported 37,442 shares in the company. Schwab Charles Mgmt has 0.01% invested in the company for 243,362 shares. Moreover, Opus Grp Ltd Co has 0.62% invested in Barnes Group Inc. (NYSE:B) for 83,811 shares. Eagle Asset Management Incorporated holds 427,516 shares or 0.1% of its portfolio. Tudor Inv Et Al last reported 15,069 shares in the company. Art Advisors last reported 18,147 shares in the company. Financial Bank Of Mellon Corporation has invested 0.01% of its portfolio in Barnes Group Inc. (NYSE:B). Moreover, Qs Limited Liability Corporation has 0% invested in Barnes Group Inc. (NYSE:B) for 15 shares. Thrivent Financial For Lutherans holds 230,790 shares or 0.04% of its portfolio. Dimensional Fund Advsr L P holds 0.06% of its portfolio in Barnes Group Inc. (NYSE:B) for 3.35 million shares.
Insider Transactions: Since May 27, 2016, the stock had 0 insider buys, and 6 selling transactions for $1.88 million net activity. $11,603 worth of Barnes Group Inc. (NYSE:B) was sold by BARNES THOMAS O on Friday, May 27. Another trade for 9,901 shares valued at $411,037 was sold by BENANAV GARY G. The insider EDWARDS DAWN N sold 5,700 shares worth $229,385. STEPHENS CHRISTOPHER J sold $893,022 worth of stock.
About 76,507 shares traded hands. Barnes Group Inc. (NYSE:B) has risen 24.40% since April 21, 2016 and is uptrending. It has outperformed by 19.07% the S&P500.
Barnes Group Inc. is an industrial and aerospace maker and service provider, serving a range of end-markets and customers. The company has a market cap of $2.55 billion. The Company’s engineered products, industrial technologies, and solutions are used in applications that provide transportation, manufacturing, healthcare products and technology to the world. It has a 20.74 P/E ratio. The Company’s divisions include Industrial and Aerospace.
According to Zacks Investment Research, “Barnes Group Inc. is an international manufacturer of precision metal parts and distributor of industrial supplies, serving a wide range of markets and customers.”
Analysts await Barnes Group Inc. (NYSE:B) to report earnings on February, 17. They expect $0.64 EPS, up 6.67% or $0.04 from last year’s $0.6 per share. B’s profit will be $34.92M for 18.25 P/E if the $0.64 EPS becomes a reality. After $0.71 actual EPS reported by Barnes Group Inc. for the previous quarter, Wall Street now forecasts -9.86% negative EPS growth.
More recent Barnes Group Inc. (NYSE:B) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Forward Air, Equifax and Barnes Group” on November 17, 2016. Also Nasdaq.com published the news titled: “Barnes Group, Inc. (B) Ex-Dividend Date Scheduled for November 21, 2016” on November 18, 2016. Businesswire.com‘s news article titled: “Barnes Group Inc. Elects Hans-Peter MÃ¤nner to Board of Directors” with publication date: October 19, 2016 was also an interesting one.
Barnes Group Inc., incorporated on January 30, 1925, is an industrial and aerospace maker and service provider, serving a range of end-markets and customers. The Company’s engineered products, industrial technologies, and solutions are used in applications that provide transportation, manufacturing, healthcare products and technology to the world. The Company’s divisions include Industrial and Aerospace. The Industrial segment includes the Molding Solutions, Engineered Components and Nitrogen Gas Products business units. The Aerospace segment includes the original equipment maker (OEM) business and the aftermarket business, whichcomprises maintenance overhaul and repair (MRO) services, and the manufacture and delivery of aerospace aftermarket spare parts.
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