The financial analysts at StockNews.com were the first to cover Barnes Group in a research study published online on Thursday and made available to the general public (NYSE: B).
The organization has suggested to its members that they “buy” the company’s shares that specialize in industrial products.
On February 17th, Barnes Group, INC’s most recent quarterly earnings report (NYSE: B) was made public and available for viewing.
The maker of industrial products reported earnings per share for the quarter of $0.52, which was $0.04 higher than the estimate provided by the market, which was $0.48.
Barnes Group had a return on equity of 7.62 percent, and its net margin was 0.7 percent.
Both of these figures are percentages of the company’s total revenue.
The total revenue for the quarter came in at $313.50 million, which was lower than the consensus estimate of $322.70 million, which most people expected.
Earnings per share for the company were $0.55 for the same period in the previous year’s financial report.
During the third quarter, the company saw a growth in revenue that was 0.8% higher annually.
Equity analysts forecast that The Barnes Group will generate earnings of 2.15 cents per share for the current fiscal year.
NYSE: B shares started the trading day on Thursday for $37.92 each.
A debt-to-equity ratio comes in at 0.42; a quick ratio at 1.47; a current ratio at 2.40; and a quick ratio at 1.47.
The price-to-earnings ratio for the company is 151.68, and its P/E growth ratio is 1.80.
The beta value for the company is 1.24.
The company currently has a market capitalization of $1.92 billion7.92.
A debt-to-equity ratio comes in at 0.42; a quick ratio at 1.47; a current ratio at 2.40; and a quick ratio at 1.47.
The price-to-earnings ratio for the company is 151.68, and its P/E growth ratio is 1.80.
The beta value for the company is 1.24.
The company currently has a market capitalization of $1.92 billion.
The $47.36 represents Barnes Group’s all-time high and low over the past 52 weeks.
The price of the company’s stock is currently trading at a moving average of $43.05 for the past 50 days and $38.27 for the past 200 days.
The findings of several other equity research analysts concerning the stock have also been made public recently.
In a research note published on February 21st, Truist Financial increased its price objective on Barnes Group shares from $37.00 to $40.00.
Despite this change, the firm continued to recommend shareholders “hold” their positions in the company. Oppenheimer upgraded Barnes Group to an “outperform” rating and raised their price objective on the stock from $42.00 to $48.00 in a research note published on Tuesday, November 29th.
Two research analysts have given the stock a buy rating, while three others have given it a hold rating.
According to Bloomberg.com, the stock is currently rated “Hold” on average, and analysts have set their price objective at $41.50.
The rating and price objectives were both reported by the same source.
Hedge funds have been active in the company’s stock market in recent months, buying and selling shares.
In the final quarter of 2018, Victory Capital Management INC made a 64.6% increase in the amount of Barnes Group stock that it owned, bringing its total to 100%.
After making an additional purchase of 87,030 shares during the relevant period, Victory Capital Management INC now owns 221,753 of the industrial products company’s stock, valued at $9,059,000.
These shares were acquired during the time above period.
The value of Voya Investment Management LLC’s holdings in Barnes Group increased by 25.7% over the final three months of 2018. Following the acquisition of an additional 34,575 shares during the most recent quarter, Voya Investment Management LLC now holds a total of 169,206 shares of the stock of the industrial products company.
The value of these holdings is $6,912,000.
Because of this, this investment management company’s total number of shares now comes to a total of 169,206.
Macquarie Group Ltd increased the proportion of Barnes Group stock that is owned by 0.9% during the period covered by the fourth quarter.
Macquarie Group Ltd now has a total of 2,694,545 shares of the stock of the industrial goods business after purchasing an additional 22,776 shares during the most recent quarter.
This brings the company’s total number of shares to 2.
The value of these shares as of right now is 110,072,000 dollars.
Barnes Group received an investment of $415,000 from Compass Wealth Management LLC over the final three months of 2018.
And last but not least, during the final three months of 2018, AllianceBernstein L.P.
Increased the amount of Barnes Group common stock in its portfolio by 4.6%.
After purchasing 3,302 additional shares during the most recent quarter, Alliancebernstein L.P. now owns 75,177 shares of the industrial products company’s stock, valued at $3,071,000.
This brings the total number of shares that the firm has in its possession to 75,177. Currently, 86.16 percent of the company’s stock is owned by institutional investors and other individuals associated with hedge funds.
Barnes Group, INC supplies a wide range of ideas, solutions, and engineered products to companies in the manufacturing industry.
It serves a variety of markets, including the aerospace industry as well as the industrial market.
In the industrial section of the website, you can find products like automation and engineering components, molding solutions, force and motion control, and force and motion control.