New York State Teachers Retirement System Purchases 1,839 Shares of Barnes Group Inc. (NYSE:B)

New York State Teachers Retirement System boosted its stake in Barnes Group Inc. (NYSE:B) by 2.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 80,466 shares of the industrial products company’s stock after buying an additional 1,839 shares during the period. New York State Teachers Retirement System’s holdings in Barnes Group were worth $2,626,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of B. Advisor Group Holdings Inc. grew its stake in Barnes Group by 15.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 4,191 shares of the industrial products company’s stock valued at $168,000 after buying an additional 546 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Barnes Group by 51.3% in the 1st quarter. JPMorgan Chase & Co. now owns 178,508 shares of the industrial products company’s stock valued at $7,174,000 after buying an additional 60,512 shares during the last quarter. Raymond James & Associates grew its position in shares of Barnes Group by 17.3% during the 1st quarter. Raymond James & Associates now owns 83,915 shares of the industrial products company’s stock worth $3,373,000 after purchasing an additional 12,391 shares in the last quarter. US Bancorp DE grew its position in shares of Barnes Group by 10.4% during the 1st quarter. US Bancorp DE now owns 10,617 shares of the industrial products company’s stock worth $427,000 after purchasing an additional 1,001 shares in the last quarter. Finally, Citigroup Inc. grew its position in shares of Barnes Group by 11.0% during the 1st quarter. Citigroup Inc. now owns 40,453 shares of the industrial products company’s stock worth $1,626,000 after purchasing an additional 4,021 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. StockNews.com upgraded shares of Barnes Group from a “sell” rating to a “hold” rating in a research report on Monday, February 19th. Oppenheimer increased their target price on shares of Barnes Group from $36.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. Finally, Truist Financial increased their target price on shares of Barnes Group from $23.00 to $34.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th.

Barnes Group Stock Down 2.2 %

NYSE B opened at $34.33 on Tuesday. Barnes Group Inc. has a fifty-two week low of $18.79 and a fifty-two week high of $43.65. The business has a fifty day moving average price of $36.03 and a two-hundred day moving average price of $31.83. 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 stock has a market capitalization of $1.74 billion, a PE ratio of 110.75, a PEG ratio of 2.08 and a beta of 1.38.

Barnes Group (NYSE:B) last announced its quarterly earnings data on Friday, February 16th. The industrial products company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.06. The business 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 6.20% and a net margin of 1.10%. Barnes Group’s revenue for the quarter was up 32.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 EPS. Equities analysts expect that Barnes Group Inc. will post 1.69 earnings per share for the current fiscal year.

Barnes Group Announces Dividend

The business also recently declared 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. This represents a $0.64 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Wednesday, February 21st. Barnes Group’s dividend payout ratio (DPR) is presently 206.46%.

Barnes Group 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.