Mutual of America Capital Management LLC Increases Stake in Barnes Group Inc. (NYSE:B)

Mutual of America Capital Management LLC lifted its stake in shares of Barnes Group Inc. (NYSE:BGet Rating) by 5.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,711 shares of the industrial products company’s stock after buying an additional 348 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Barnes Group were worth $270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Champlain Investment Partners LLC lifted its stake in shares of Barnes Group by 9.3% in the fourth quarter. Champlain Investment Partners LLC now owns 3,105,605 shares of the industrial products company’s stock worth $144,690,000 after buying an additional 265,060 shares in the last quarter. Royce & Associates LP bought a new position in shares of Barnes Group in the fourth quarter worth approximately $11,936,000. Tributary Capital Management LLC lifted its stake in shares of Barnes Group by 27.6% in the first quarter. Tributary Capital Management LLC now owns 429,323 shares of the industrial products company’s stock worth $17,254,000 after buying an additional 92,778 shares in the last quarter. Valeo Financial Advisors LLC bought a new position in shares of Barnes Group in the first quarter worth approximately $3,054,000. Finally, State Street Corp lifted its stake in shares of Barnes Group by 3.2% in the fourth quarter. State Street Corp now owns 1,687,527 shares of the industrial products company’s stock worth $78,622,000 after buying an additional 51,964 shares in the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on B. Alembic Global Advisors downgraded shares of Barnes Group from an “overweight” rating to a “neutral” rating and set a $42.00 price objective on the stock. in a research report on Monday, April 11th. StockNews.com downgraded shares of Barnes Group from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Truist Financial reduced their target price on shares of Barnes Group from $38.00 to $33.00 and set a “hold” rating for the company in a report on Tuesday, July 19th.

Barnes Group Stock Performance

B opened at $33.96 on Tuesday. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 47.17, a PEG ratio of 1.71 and a beta of 1.17. The company has a fifty day moving average of $33.06 and a 200 day moving average of $38.15. Barnes Group Inc. has a fifty-two week low of $29.60 and a fifty-two week high of $52.07. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.51 and a current ratio of 2.42.

Barnes Group (NYSE:BGet Rating) last posted its earnings results on Friday, July 29th. The industrial products company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.08. The company had revenue of $321.00 million during the quarter, compared to analysts’ expectations of $329.09 million. Barnes Group had a net margin of 2.91% and a return on equity of 7.57%. Barnes Group’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the company posted $0.45 earnings per share. As a group, sell-side analysts forecast that Barnes Group Inc. will post 1.98 earnings per share for the current fiscal year.

Barnes Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Thursday, August 25th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, August 24th. This represents a $0.64 annualized dividend and a yield of 1.88%. Barnes Group’s dividend payout ratio (DPR) is currently 88.89%.

Insider Buying and Selling at Barnes Group

In other Barnes Group news, Director Mylle H. Mangum sold 5,000 shares of the stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $32.25, for a total transaction of $161,250.00. Following the completion of the transaction, the director now owns 22,610 shares in the company, valued at $729,172.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.10% of the stock is owned by company insiders.

Barnes Group Company Profile

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Barnes Group Inc provides engineered products, industrial technologies, and solutions in the United States and internationally. It operates in 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.

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Institutional Ownership by Quarter for Barnes Group (NYSE:B)

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