Headlines about Barnes Group (NYSE:B) have trended positive recently, according to AlphaOne Sentiment Analysis. The research group, a unit of Accern, scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Barnes Group earned a media sentiment score of 0.40 on AlphaOne’s scale. AlphaOne also gave news stories about the industrial products company an impact score of 51 out of 100, meaning that recent media coverage is somewhat likely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted AlphaOne Sentiment’s rankings:
- Form 8-K BARNES GROUP INC For: Jun 13 (streetinsider.com)
- BARNES GROUP INC : Change in Directors or Principal Officers (form 8-K) (4-traders.com)
- Barnes Group (B) & Mueller Water Products (MWA) Critical Analysis (americanbankingnews.com)
- Barnes Group, Inc. (B) Position Boosted by Chartwell Investment Partners LLC (campdesrecrues.com)
- Clarkston Capital Partners LLC Sells 1660 Shares of Medtronic PLC (MDT) (leisuretravelaid.com)
Shares of Barnes Group (NYSE B) traded up 1.12% during mid-day trading on Monday, reaching $59.54. The company had a trading volume of 164,332 shares. Barnes Group has a 52-week low of $31.13 and a 52-week high of $60.74. The stock has a market capitalization of $3.20 billion, a P/E ratio of 22.47 and a beta of 1.42. The company’s 50-day moving average is $56.49 and its 200 day moving average is $50.96.
Barnes Group (NYSE:B) last issued its quarterly earnings data on Friday, April 28th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.11. Barnes Group had a net margin of 11.30% and a return on equity of 12.49%. The company had revenue of $341.80 million during the quarter, compared to the consensus estimate of $314.81 million. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The firm’s revenue was up 18.6% compared to the same quarter last year. Analysts anticipate that Barnes Group will post $2.78 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Thursday, May 25th were given a $0.14 dividend. The ex-dividend date was Tuesday, May 23rd. This represents a $0.56 dividend on an annualized basis and a yield of 0.94%. This is an increase from Barnes Group’s previous quarterly dividend of $0.13. Barnes Group’s dividend payout ratio (DPR) is 21.13%.
B has been the topic of a number of recent research reports. Sidoti lowered Barnes Group from a “buy” rating to a “neutral” rating in a research note on Monday, April 24th. Zacks Investment Research lowered Barnes Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 5th. Jefferies Group LLC reissued a “buy” rating and set a $63.00 price target on shares of Barnes Group in a research note on Tuesday, May 2nd. Finally, ValuEngine raised Barnes Group from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Barnes Group has an average rating of “Buy” and an average target price of $56.00.
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In related news, SVP Christopher J. Stephens sold 13,600 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $54.88, for a total transaction of $746,368.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Thomas O. Barnes sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $56.06, for a total transaction of $56,060.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,250 shares of company stock valued at $1,552,653. 8.50% of the stock is owned by insiders.
Barnes Group Company Profile
Barnes Group Inc is an industrial and aerospace manufacturer 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.
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