November 29, 2016 - By Ruchi Gupta
Barnes Group Inc VP – Controller and an insider Marian Acker recently sold 6,000 company shares having a worth of $279,052 at the average stock price of $46.5. Marian Acker right now has ownership of 36,006 shares or 0.07% of Barnes Group Inc’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 -14.94% below today’s ($46.32) stock price. Barnes Group has been the topic of 13 analyst reports since July 28, 2015 according to StockzIntelligence Inc. DA Davidson initiated Barnes Group Inc. (NYSE:B) on Friday, December 11 with “Neutral” rating. The firm earned “Outperform” rating on Monday, October 26 by Oppenheimer. The stock has “Buy” rating given by Deutsche Bank on Thursday, April 7. The firm has “Buy” rating by Sidoti given on Tuesday, January 12. The stock of Barnes Group Inc. (NYSE:B) earned “Neutral” rating by Buckingham Research on Monday, October 19. As per Friday, August 7, the company rating was upgraded by Oppenheimer. The stock of Barnes Group Inc. (NYSE:B) has “Outperform” rating given on Friday, February 12 by Oppenheimer.
Insitutional Activity: The institutional sentiment increased to 1.56 in Q2 2016. Its up 0.64, from 0.92 in 2016Q1. The ratio increased, 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.
Invesco Limited last reported 0% of its portfolio in the stock. Principal Fincl Gp has 364,890 shares for 0.02% of their US portfolio. Cantab Prtnrs Limited Liability Partnership last reported 0% of its portfolio in the stock. Kcg Hldgs Inc owns 6,284 shares or 0% of their US portfolio. California State Teachers Retirement has 105,611 shares for 0.01% of their US portfolio. Arizona State Retirement System accumulated 26,226 shares or 0.01% of the stock. Quantbot Technologies Limited Partnership owns 3,763 shares or 0.01% of their US portfolio. Deutsche Financial Bank Ag has 0% invested in the company for 73,122 shares. First Tru Advsrs L P holds 142,782 shares or 0.01% of its portfolio. Gotham Asset Mngmt Ltd Llc last reported 18,039 shares in the company. Tiaa Cref Inv Ltd Co accumulated 0.01% or 344,917 shares. The Pennsylvania-based Argyle Capital Mgmt Incorporated has invested 0.2% in Barnes Group Inc. (NYSE:B). Prudential Inc last reported 0.01% of its portfolio in the stock. Ahl Partners Ltd Liability Partnership reported 46,512 shares or 0.08% of all its holdings. The Texas-based Capstone Asset has invested 0.02% in Barnes Group Inc. (NYSE:B).
Insider Transactions: Since August 10, 2016, the stock had 0 insider buys, and 8 insider sales for $4.68 million net activity. Another trade for 730 shares valued at $30,267 was made by BARNES THOMAS O on Monday, August 29. Another trade for 10,000 shares valued at $462,198 was sold by STEPHENS CHRISTOPHER J. Dempsey Patrick had sold 50,621 shares worth $2.34M on Tuesday, November 22. Shares for $229,385 were sold by EDWARDS DAWN N. On Friday, August 19 BENANAV GARY G sold $411,037 worth of the stock or 9,901 shares.
The stock decreased 0.62% or $0.29 during the last trading session, hitting $46.32. About 131,483 shares traded hands. Barnes Group Inc. (NYSE:B) has risen 42.15% since April 26, 2016 and is uptrending. It has outperformed by 36.89% 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 $2.47 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 20.56 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 $34.13M for 18.09 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 news for Barnes Group Inc. (NYSE:B) were recently published by: Forbes.com, which released: “Ex-Dividend Reminder: Forward Air, Equifax and Barnes Group” on November 17, 2016. Nasdaq.com‘s article titled: “Barnes Group, Inc. (B) Ex-Dividend Date Scheduled for November 21, 2016” and published on November 18, 2016 is yet another important article.
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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By Ruchi Gupta