Cwm LLC Grows Position in Barnes Group Inc. (NYSE:B)

Cwm LLC boosted its stake in shares of Barnes Group Inc. (NYSE:B) by 470.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,100 shares of the industrial products company’s stock after purchasing an additional 1,732 shares during the period. Cwm LLC’s holdings in Barnes Group were worth $69,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. First Eagle Investment Management LLC raised its holdings in Barnes Group by 49.6% in the third quarter. First Eagle Investment Management LLC now owns 314,344 shares of the industrial products company’s stock valued at $10,678,000 after buying an additional 104,198 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Barnes Group by 316.2% during the 4th quarter. State of Alaska Department of Revenue now owns 131,176 shares of the industrial products company’s stock valued at $4,280,000 after acquiring an additional 99,655 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Barnes Group by 29.6% during the 3rd quarter. Invesco Ltd. now owns 383,403 shares of the industrial products company’s stock valued at $13,024,000 after acquiring an additional 87,472 shares in the last quarter. Kennedy Capital Management LLC purchased a new stake in Barnes Group during the 3rd quarter worth $2,354,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Barnes Group by 562.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,601 shares of the industrial products company’s stock valued at $1,583,000 after purchasing an additional 39,564 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barnes Group Price Performance

Shares of NYSE B opened at $37.45 on Thursday. The company has a quick ratio of 1.53, a current ratio of 2.41 and a debt-to-equity ratio of 0.97. Barnes Group Inc. has a fifty-two week low of $18.79 and a fifty-two week high of $43.65. The business has a 50 day moving average price of $36.12 and a two-hundred day moving average price of $32.14. The firm has a market cap of $1.90 billion, a PE 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 earnings results on Friday, February 16th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. Barnes Group had a net margin of 0.31% and a return on equity of 5.92%. The business had revenue of $415.50 million for the quarter, compared to analyst estimates of $420.47 million. During the same quarter in the prior year, the business posted $0.52 EPS. The company’s revenue for the quarter was up 32.5% on a year-over-year basis. Sell-side analysts expect that Barnes Group Inc. will post 1.7 earnings per share for the current fiscal year.

Barnes Group Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.