Cwm LLC Has $69,000 Position in Barnes Group Inc. (NYSE:B)

Cwm LLC boosted its holdings in shares of Barnes Group Inc. (NYSE:B) by 470.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,100 shares of the industrial products company’s stock after acquiring an additional 1,732 shares during the period. Cwm LLC’s holdings in Barnes Group were worth $69,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Flynn Zito Capital Management LLC bought a new stake in Barnes Group in the fourth quarter valued at approximately $253,000. Everence Capital Management Inc. lifted its holdings in Barnes Group by 66.8% during the fourth quarter. Everence Capital Management Inc. now owns 10,110 shares of the industrial products company’s stock worth $330,000 after acquiring an additional 4,050 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Barnes Group by 17.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,464 shares of the industrial products company’s stock worth $355,000 after acquiring an additional 1,525 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of Barnes Group during the third quarter worth about $382,000. Finally, Teacher Retirement System of Texas lifted its holdings in shares of 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 valued at $388,000 after purchasing an additional 6,092 shares in the last quarter. Institutional investors own 90.82% of the company’s stock.

Analyst Ratings Changes

B has been the topic of several research analyst reports. StockNews.com upgraded shares of Barnes Group from a “sell” rating to a “hold” rating in a report on Monday, February 19th. DA Davidson upgraded Barnes Group from a “neutral” rating to a “buy” rating and increased their target price for the stock from $35.00 to $45.00 in a report on Thursday, April 18th. Truist Financial boosted their price target on Barnes Group from $23.00 to $34.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. Finally, Oppenheimer increased their price objective on Barnes Group from $36.00 to $43.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th.

Barnes Group Stock Up 0.2 %

Barnes Group stock opened at $37.45 on Thursday. The company has a fifty day simple moving average of $36.12 and a 200 day simple moving average of $32.14. Barnes Group Inc. has a 1-year low of $18.79 and a 1-year high of $43.65. The company has a current ratio of 2.41, a quick ratio of 1.53 and a debt-to-equity ratio of 0.97. The company has a market cap of $1.90 billion, a P/E ratio of 416.11, a price-to-earnings-growth ratio of 2.15 and a beta of 1.37.

Barnes Group (NYSE:B) last issued its quarterly earnings results on Friday, February 16th. The industrial products company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.35 by $0.06. The firm had revenue of $415.50 million during the quarter, compared to analysts’ expectations of $420.47 million. Barnes Group had a return on equity of 5.92% and a net margin of 0.31%. The business’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 earnings per share. Research analysts anticipate that Barnes Group Inc. will post 1.7 earnings per share for the current fiscal year.

Barnes Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 29th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Tuesday, May 28th. Barnes Group’s dividend payout ratio (DPR) is currently 711.11%.

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.