Barnes Group Inc. (NYSE:B) Plans $0.16 Quarterly Dividend

Barnes Group Inc. (NYSE:B - Get Free Report) announced a quarterly dividend on Monday, May 6th, Wall Street Journal reports. Investors of record on Wednesday, May 29th will be given a dividend of 0.16 per share by the industrial products company on Monday, June 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Wednesday, May 29th.

Barnes Group Stock Up 2.1 %

Shares of NYSE B traded up $0.76 during trading on Monday, hitting $37.30. The stock had a trading volume of 129,159 shares, compared to its average volume of 318,546. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.41 and a quick ratio of 1.53. The firm has a fifty day moving average of $35.99 and a two-hundred day moving average of $32.04. Barnes Group has a 12 month low of $18.79 and a 12 month high of $43.65. The company has a market capitalization of $1.89 billion, a PE ratio of 414.00, a PEG ratio of 2.15 and a beta of 1.37.

Barnes Group (NYSE:B - Get Free Report) last issued its quarterly earnings results on Friday, February 16th. The industrial products company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.06. The company had revenue of $415.50 million during the quarter, compared to the consensus estimate of $420.47 million. Barnes Group had a return on equity of 5.92% and a net margin of 0.31%. Barnes Group's revenue was up 32.5% on a year-over-year basis. During the same period last year, the business posted $0.52 earnings per share. As a group, equities research analysts forecast that Barnes Group will post 1.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on B shares. Oppenheimer raised their price objective on shares of Barnes Group from $36.00 to $43.00 and gave the stock an "outperform" rating in a report on Tuesday, February 20th. StockNews.com upgraded Barnes Group from a "sell" rating to a "hold" rating in a research note on Monday, February 19th. Truist Financial raised their target price on Barnes Group from $23.00 to $34.00 and gave the stock a "hold" rating in a research note on Wednesday, January 10th. Finally, DA Davidson raised Barnes Group from a "neutral" rating to a "buy" rating and lifted their target price for the company from $35.00 to $45.00 in a report on Thursday, April 18th.

Barnes Group Company Profile

Barnes Group Inc provides engineered products, industrial technologies, and solutions in the United States and internationally. The company operates through two segments: Industrial and Aerospace. The Industrial segment offers precision components, products, and systems used by various customers in end-markets, such as mobility, industrial equipment, automation, personal care, packaging, electronics, and medical devices.