Barnes Group (NYSE:B) had its price objective boosted by Deutsche Bank from $60.00 to $61.00 in a research note issued to investors on Friday morning, Stock Target Advisor reports. Deutsche Bank currently has a hold rating on the industrial products company’s stock.
Several other equities analysts have also weighed in on B. Oppenheimer started coverage on Barnes Group in a research note on Tuesday, May 5th. They issued a buy rating and a $49.00 price objective on the stock. TheStreet cut shares of Barnes Group from a b rating to a c+ rating in a research report on Thursday, March 12th. Wells Fargo & Co boosted their price objective on shares of Barnes Group from $32.00 to $34.00 and gave the stock an equal weight rating in a research note on Friday, May 1st. Sidoti cut their target price on shares of Barnes Group from $78.00 to $60.00 and set a buy rating on the stock in a research note on Thursday, March 19th. Finally, Imperial Capital upped their price target on shares of Barnes Group from $14.00 to $15.00 and gave the stock an outperform rating in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $44.92.
B stock traded down $0.26 on Friday, hitting $35.88. 166,882 shares of the company were exchanged, compared to its average volume of 328,366. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.15 and a quick ratio of 1.47. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 1.97 and a beta of 1.16. Barnes Group has a twelve month low of $30.22 and a twelve month high of $68.60. The business’s fifty day moving average is $37.50 and its two-hundred day moving average is $53.22.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Thursday, May 21st. Barnes Group’s payout ratio is 19.94%.
Institutional investors and hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. acquired a new stake in Barnes Group during the 4th quarter valued at approximately $4,647,000. NumerixS Investment Technologies Inc purchased a new position in shares of Barnes Group during the 4th quarter valued at approximately $37,000. Tower Research Capital LLC TRC grew its position in shares of Barnes Group by 80.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 727 shares of the industrial products company’s stock worth $45,000 after buying an additional 323 shares in the last quarter. Simplex Trading LLC acquired a new stake in shares of Barnes Group during the fourth quarter worth approximately $72,000. Finally, Mutual of America Capital Management LLC increased its stake in shares of Barnes Group by 22.2% in the first quarter. Mutual of America Capital Management LLC now owns 2,089 shares of the industrial products company’s stock worth $87,000 after buying an additional 379 shares during the last quarter. 89.00% of the stock is owned by hedge funds and other institutional investors.
Barnes Group Company Profile
Barnes Group Inc operates as an industrial and aerospace manufacturer, and service provider in the United States and internationally. Its Industrial segment offers precision components, products, and systems for applications serving various customers in end-markets, such as transportation, industrial equipment, automation, personal care, packaging, electronics, and medical devices.
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