Louisiana State Employees Retirement System Buys Shares of 25,400 Barnes Group Inc. (NYSE:B)

Louisiana State Employees Retirement System purchased a new stake in Barnes Group Inc. (NYSE:B - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 25,400 shares of the industrial products company's stock, valued at approximately $829,000. Louisiana State Employees Retirement System owned 0.05% of Barnes Group as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC bought a new position in Barnes Group during the 3rd quarter worth about $82,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Barnes Group by 17.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,464 shares of the industrial products company's stock worth $355,000 after purchasing an additional 1,525 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in Barnes Group during the 3rd quarter worth about $382,000. Teacher Retirement System of Texas increased its holdings in Barnes Group by 114.0% during the 3rd quarter. Teacher Retirement System of Texas now owns 11,435 shares of the industrial products company's stock worth $388,000 after purchasing an additional 6,092 shares in the last quarter. Finally, Compass Wealth Management LLC grew its holdings in shares of Barnes Group by 49.3% in the 4th quarter. Compass Wealth Management LLC now owns 12,501 shares of the industrial products company's stock valued at $408,000 after acquiring an additional 4,130 shares in the last quarter. 90.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Barnes Group Stock Performance

Shares of B traded down $1.44 during mid-day trading on Friday, hitting $34.47. 343,334 shares of the company's stock were exchanged, compared to its average volume of 255,937. Barnes Group Inc. has a 52 week low of $18.79 and a 52 week high of $43.65. The stock's 50-day simple moving average is $36.06 and its 200-day simple moving average is $31.97. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 111.20, a price-to-earnings-growth ratio of 2.13 and a beta of 1.38. The company has a quick ratio of 1.37, a current ratio of 2.29 and a debt-to-equity ratio of 0.94.

Barnes Group (NYSE:B - Get Free Report) last announced its earnings results on Friday, February 16th. The industrial products company reported $0.41 EPS for the quarter, topping 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 company had revenue of $415.50 million for the quarter, compared to analysts' expectations of $420.47 million. During the same period last year, the firm earned $0.52 earnings per share. The business's revenue for the quarter was up 32.5% on a year-over-year basis. On average, equities research analysts expect that Barnes Group Inc. will post 1.69 EPS for the current year.

Barnes Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Thursday, February 22nd were paid a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $0.64 dividend on an annualized basis and a yield of 1.86%. Barnes Group's dividend payout ratio (DPR) is 206.46%.

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.