Barnes Group Inc. (NYSE:B) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its position in Barnes Group Inc. (NYSE:B - Free Report) by 316.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 131,176 shares of the industrial products company's stock after acquiring an additional 99,655 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.26% of Barnes Group worth $4,280,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of B. Lazard Asset Management LLC bought a new position in Barnes Group in the second quarter worth about $51,000. Tower Research Capital LLC TRC lifted its position in Barnes Group by 275.3% during the first quarter. Tower Research Capital LLC TRC now owns 1,715 shares of the industrial products company's stock valued at $69,000 after buying an additional 1,258 shares during the period. Counterpoint Mutual Funds LLC bought a new stake in Barnes Group during the third quarter worth about $82,000. Money Concepts Capital Corp purchased a new stake in Barnes Group in the fourth quarter worth about $96,000. Finally, Captrust Financial Advisors increased its stake in shares of Barnes Group by 45.6% during the first quarter. Captrust Financial Advisors now owns 3,048 shares of the industrial products company's stock valued at $122,000 after purchasing an additional 954 shares in the last quarter. Hedge funds and other institutional investors own 90.82% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on B shares. Oppenheimer lifted their target price 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. Truist Financial upped their price objective on Barnes Group from $23.00 to $34.00 and gave the company a "hold" rating in a research report on Wednesday, January 10th. Finally, StockNews.com raised shares of Barnes Group from a "sell" rating to a "hold" rating in a research report on Monday, February 19th.

Barnes Group Trading Down 0.5 %

Shares of Barnes Group stock traded down $0.19 on Wednesday, reaching $35.12. The company had a trading volume of 500,711 shares, compared to its average volume of 347,095. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 113.29, a P/E/G ratio of 2.15 and a beta of 1.38. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.29 and a quick ratio of 1.37. The firm's 50-day moving average price is $35.65 and its two-hundred day moving average price is $31.81. Barnes Group Inc. has a 1 year low of $18.79 and a 1 year high of $43.65.

Barnes Group (NYSE:B - Get Free Report) last announced its earnings results on Friday, February 16th. The industrial products company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.06. Barnes Group had a net margin of 1.10% and a return on equity of 6.20%. The business had revenue of $415.50 million for the quarter, compared to the consensus estimate of $420.47 million. During the same quarter in the prior year, the firm posted $0.52 earnings per share. The business's revenue for the quarter was up 32.5% on a year-over-year basis. As a group, research analysts predict that Barnes Group Inc. will post 1.69 earnings per share for the current fiscal year.

Barnes Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Thursday, February 22nd were issued a dividend of $0.16 per share. The ex-dividend date was Wednesday, February 21st. This represents a $0.64 dividend on an annualized basis and a yield of 1.82%. Barnes Group's payout ratio is 206.46%.

About Barnes Group

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.