Barnes Group Inc. (NYSE:B – Get Free Report) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 425,800 shares, an increase of 16.9% from the August 15th total of 364,300 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 199,000 shares, the short-interest ratio is currently 2.1 days.
Institutional Trading of Barnes Group
Large investors have recently bought and sold shares of the stock. Virginia Retirement Systems ET AL acquired a new stake in Barnes Group during the 2nd quarter worth $2,396,000. Teachers Retirement System of The State of Kentucky grew its stake in shares of Barnes Group by 6.1% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 15,323 shares of the industrial products company’s stock valued at $647,000 after buying an additional 886 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Barnes Group by 56.0% in the second quarter. Nuveen Asset Management LLC now owns 349,731 shares of the industrial products company’s stock valued at $14,755,000 after buying an additional 125,590 shares during the last quarter. Resources Management Corp CT ADV grew its stake in Barnes Group by 388.9% in the 2nd quarter. Resources Management Corp CT ADV now owns 4,400 shares of the industrial products company’s stock valued at $186,000 after buying an additional 3,500 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Barnes Group by 17.3% in the second quarter. Wells Fargo & Company MN now owns 62,279 shares of the industrial products company’s stock valued at $2,628,000 after acquiring an additional 9,182 shares during the period. 86.03% of the stock is currently owned by institutional investors.
Barnes Group Stock Down 0.1 %
Shares of B stock opened at $36.30 on Tuesday. Barnes Group has a one year low of $27.93 and a one year high of $47.36. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.29 and a quick ratio of 1.41. The stock has a fifty day moving average price of $39.14 and a 200 day moving average price of $39.95. The stock has a market cap of $1.84 billion, a P/E ratio of 29.51, a price-to-earnings-growth ratio of 1.65 and a beta of 1.20.
Barnes Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Thursday, August 24th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.64 annualized dividend and a dividend yield of 1.76%. Barnes Group’s dividend payout ratio (DPR) is presently 52.03%.
Analyst Upgrades and Downgrades
B has been the subject of several research analyst reports. Truist Financial upped their target price on shares of Barnes Group from $38.00 to $40.00 and gave the company a “hold” rating in a research note on Friday, July 21st. StockNews.com started coverage on shares of Barnes Group in a research note on Thursday, August 17th. They issued a “buy” rating for the company.
Barnes Group Company Profile
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.
- Five stocks we like better than Barnes Group
- What is the Nikkei 225 index?
- 2 Beauty Stocks Beaten By the Ugly Stick But Ready to Rally
- The 3 Best Fintech Stocks to Buy Now
- Got Nuclear? Three Stocks To Play Energy’s Next Frontier
- Transportation Stocks Investing
- The Top 4 Utilities for Value, Yield, and Upside Potential
Receive News & Ratings for Barnes Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barnes Group and related companies with MarketBeat.com's FREE daily email newsletter.