We Are One Seven LLC Takes Position in Barnes Group Inc. (B)

We Are One Seven LLC bought a new stake in Barnes Group Inc. (NYSE:B) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 5,221 shares of the industrial products company’s stock, valued at approximately $330,000.

A number of other hedge funds have also recently added to or reduced their stakes in B. Wasatch Advisors Inc. increased its holdings in Barnes Group by 60.9% in the 4th quarter. Wasatch Advisors Inc. now owns 2,063,298 shares of the industrial products company’s stock valued at $130,545,000 after buying an additional 781,002 shares during the period. Deutsche Bank AG boosted its stake in shares of Barnes Group by 140.1% in the 4th quarter. Deutsche Bank AG now owns 127,364 shares of the industrial products company’s stock valued at $8,055,000 after purchasing an additional 74,320 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Barnes Group by 1.0% in the 4th quarter. BlackRock Inc. now owns 6,292,106 shares of the industrial products company’s stock valued at $398,101,000 after purchasing an additional 64,858 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of Barnes Group by 3.5% in the 4th quarter. Macquarie Group Ltd. now owns 1,857,577 shares of the industrial products company’s stock valued at $117,529,000 after purchasing an additional 62,317 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of Barnes Group by 222.2% in the 4th quarter. Arizona State Retirement System now owns 82,897 shares of the industrial products company’s stock valued at $5,245,000 after purchasing an additional 57,171 shares in the last quarter. 87.82% of the stock is currently owned by hedge funds and other institutional investors.

How to Become a New Pot Stock Millionaire

Shares of B stock opened at $59.25 on Friday. Barnes Group Inc. has a one year low of $48.21 and a one year high of $72.87. The company has a quick ratio of 1.67, a current ratio of 2.43 and a debt-to-equity ratio of 0.42. The firm has a market cap of $3,195.13, a P/E ratio of 55.37, a PEG ratio of 1.96 and a beta of 1.36.

Barnes Group (NYSE:B) last posted its quarterly earnings results on Friday, February 16th. The industrial products company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.03. Barnes Group had a net margin of 4.15% and a return on equity of 12.36%. The company had revenue of $373.00 million for the quarter, compared to the consensus estimate of $357.77 million. During the same period last year, the company posted $0.67 EPS. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. sell-side analysts anticipate that Barnes Group Inc. will post 3.07 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.56 annualized dividend and a yield of 0.95%. Barnes Group’s dividend payout ratio is presently 52.34%.

In other Barnes Group news, Director Richard J. Hipple bought 1,300 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were acquired at an average cost of $62.06 per share, for a total transaction of $80,678.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Thomas O. Barnes sold 1,700 shares of Barnes Group stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $63.36, for a total transaction of $107,712.00. The disclosure for this sale can be found here. 8.50% of the stock is owned by company insiders.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Barnes Group from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Tuesday. ValuEngine upgraded shares of Barnes Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, SunTrust Banks restated a “hold” rating and issued a $67.00 price target on shares of Barnes Group in a research note on Tuesday, January 9th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $67.50.

TRADEMARK VIOLATION NOTICE: This article was first reported by Ticker Report and is owned by of Ticker Report. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international copyright law. The legal version of this article can be read at https://www.tickerreport.com/banking-finance/3297133/we-are-one-seven-llc-takes-position-in-barnes-group-inc-b.html.

About Barnes Group

Barnes Group Inc is an industrial and aerospace manufacturer and service provider, serving a range of end markets and customers. The Company’s engineered products, industrial technologies, and solutions are used in applications that provide transportation, manufacturing, healthcare products and technology to the world.

Want to see what other hedge funds are holding B? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Barnes Group Inc. (NYSE:B).

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

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.

Latest News

Cantor Fitzgerald Raises Intuitive Surgical  Price Target to $510.00
Cantor Fitzgerald Raises Intuitive Surgical Price Target to $510.00
JPMorgan Chase Boosts UnitedHealth Group  Price Target to $266.00
JPMorgan Chase Boosts UnitedHealth Group Price Target to $266.00
Mizuho Reaffirms “Buy” Rating for QUALCOMM
Mizuho Reaffirms “Buy” Rating for QUALCOMM
Noah  and PJT Partners  Critical Review
Noah and PJT Partners Critical Review
Head-To-Head Analysis: The Meet Group  & Quotient Technology
Head-To-Head Analysis: The Meet Group & Quotient Technology
Mersana Therapeutics  Stock Rating Upgraded by Zacks Investment Research
Mersana Therapeutics Stock Rating Upgraded by Zacks Investment Research


© 2006-2018 Ticker Report. Google+.