Barnes Group Inc. (NYSE:B) Shares Acquired by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. increased its stake in Barnes Group Inc. (NYSE:B) by 10.2% during the 2nd quarter, Holdings Channel reports. The fund owned 61,183 shares of the industrial products company’s stock after purchasing an additional 5,640 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Barnes Group were worth $3,447,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Barnes Group by 0.3% during the first quarter. BlackRock Inc. now owns 6,932,920 shares of the industrial products company’s stock worth $356,422,000 after purchasing an additional 18,943 shares during the last quarter. Champlain Investment Partners LLC grew its holdings in shares of Barnes Group by 50.4% during the first quarter. Champlain Investment Partners LLC now owns 1,276,260 shares of the industrial products company’s stock worth $65,613,000 after buying an additional 427,895 shares during the last quarter. Norges Bank purchased a new position in shares of Barnes Group during the fourth quarter worth about $30,187,000. Janus Henderson Group PLC grew its holdings in shares of Barnes Group by 0.4% during the first quarter. Janus Henderson Group PLC now owns 536,730 shares of the industrial products company’s stock worth $27,593,000 after buying an additional 2,145 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Barnes Group by 7.8% during the fourth quarter. Geode Capital Management LLC now owns 508,810 shares of the industrial products company’s stock worth $27,282,000 after buying an additional 36,657 shares during the last quarter. Institutional investors and hedge funds own 86.92% of the company’s stock.

In other Barnes Group news, Director Mylle H. Mangum sold 1,000 shares of Barnes Group stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $51.89, for a total value of $51,890.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 8.35% of the stock is currently owned by insiders.

A number of equities analysts recently issued reports on the company. Zacks Investment Research lowered Barnes Group from a “hold” rating to a “sell” rating and set a $55.00 price target on the stock. in a report on Thursday, August 1st. UBS Group lowered their price target on Barnes Group from $60.00 to $56.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. ValuEngine lowered Barnes Group from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. SunTrust Banks lowered Barnes Group from a “hold” rating to a “sell” rating and lowered their price target for the stock from $53.00 to $48.00 in a report on Friday, June 14th. Finally, Alembic Global Advisors assumed coverage on Barnes Group in a report on Friday, May 17th. They set an “overweight” rating and a $67.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Barnes Group presently has a consensus rating of “Hold” and an average price target of $60.67.

B traded up $1.25 during trading on Friday, reaching $45.49. The company’s stock had a trading volume of 246,500 shares, compared to its average volume of 226,517. Barnes Group Inc. has a 52-week low of $42.81 and a 52-week high of $72.70. The company’s fifty day moving average price is $51.57 and its 200-day moving average price is $54.51. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 1.97 and a beta of 1.40. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.43 and a current ratio of 2.13.

Barnes Group (NYSE:B) last announced its quarterly earnings data on Friday, July 26th. The industrial products company reported $0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.03). Barnes Group had a net margin of 9.95% and a return on equity of 13.20%. The business had revenue of $371.70 million during the quarter, compared to analysts’ expectations of $387.29 million. During the same period in the prior year, the firm posted $0.90 EPS. Barnes Group’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities analysts predict that Barnes Group Inc. will post 3.14 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Friday, August 23rd. Barnes Group’s dividend payout ratio is presently 19.88%.

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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Institutional Ownership by Quarter for Barnes Group (NYSE:B)

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