It is Time to Hold Barnes Group Inc (NYSE:B), D.A. Davidson Says. Stock May Be Worth $63.0000

May 18, 2018 - By Clifton Ray

Barnes Group Inc. (NYSE:B) Logo

Investors sentiment increased to 1.31 in 2017 Q4. Its up 0.06, from 1.25 in 2017Q3. It is positive, as 23 investors sold Barnes Group Inc. shares while 64 reduced holdings. 35 funds opened positions while 79 raised stakes. 45.52 million shares or 0.42% less from 45.71 million shares in 2017Q3 were reported.

Manufacturers Life Ins Company The holds 0% of its portfolio in Barnes Group Inc. (NYSE:B) for 37,998 shares. Fifth Third National Bank reported 0% of its portfolio in Barnes Group Inc. (NYSE:B). 375,932 are owned by Eagle Asset Management. Royal Fincl Bank Of Canada accumulated 10,600 shares. Foundry Partners invested in 267,893 shares or 0.71% of the stock. Virginia Retirement Et Al stated it has 25,300 shares or 0.02% of all its holdings. Morgan Stanley accumulated 134,731 shares. Texas Permanent School Fund holds 0.03% or 33,340 shares in its portfolio. Winslow Evans And Crocker invested in 110 shares or 0% of the stock. Barclays Public Ltd holds 0% of its portfolio in Barnes Group Inc. (NYSE:B) for 16,987 shares. Alliancebernstein L P accumulated 80,312 shares. California Public Employees Retirement System reported 104,440 shares. Moreover, Amalgamated Bank & Trust has 0.01% invested in Barnes Group Inc. (NYSE:B) for 7,248 shares. Alps Advsr Inc has invested 0% in Barnes Group Inc. (NYSE:B). Seizert Limited Liability accumulated 33,094 shares.

Since February 21, 2018, it had 4 insider buys, and 5 insider sales for $834,587 activity. Hipple Richard J also bought $26,775 worth of Barnes Group Inc. (NYSE:B) shares. ACKER MARIAN sold $496,161 worth of stock. 29 Barnes Group Inc. (NYSE:B) shares with value of $1,809 were bought by BENANAV GARY G. $107,712 worth of Barnes Group Inc. (NYSE:B) was sold by BARNES THOMAS O.

Why Has D.A. Davidson Given Barnes Group Inc (NYSE:B) a $63.0000 Price Target

D.A. Davidson analyst began coverage with a Hold rating on Barnes Group Inc (NYSE:B) today and set a price target of $63.0000. The company’s shares opened today at 60.8.

Barnes Group Inc. (NYSE:B) Ratings Coverage

Among 2 analysts covering Barnes Group Inc (NYSE:B), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Barnes Group Inc has $67.0 highest and $64.0 lowest target. $65.50’s average target is 7.73% above currents $60.8 stock price. Barnes Group Inc had 2 analyst reports since January 8, 2018 according to SRatingsIntel. As per Friday, February 16, the company rating was maintained by Robert W. Baird. SunTrust maintained Barnes Group Inc. (NYSE:B) on Monday, January 8 with “Hold” rating.

The stock increased 0.08% or $0.05 during the last trading session, reaching $60.8. About 247,823 shares traded or 4.47% up from the average. Barnes Group Inc. (NYSE:B) has risen 19.73% since May 18, 2017 and is uptrending. It has outperformed by 8.18% the S&P500.

Analysts await Barnes Group Inc. (NYSE:B) to report earnings on July, 27. They expect $0.75 EPS, down 7.41 % or $0.06 from last year’s $0.81 per share. B’s profit will be $39.45M for 20.27 P/E if the $0.75 EPS becomes a reality. After $0.72 actual EPS reported by Barnes Group Inc. for the previous quarter, Wall Street now forecasts 4.17 % EPS growth.

Barnes Group Inc. operates as an industrial and aerospace maker and service provider, serving a range of end markets and customers. The company has market cap of $3.20 billion. The firm operates in two divisions, Industrial and Aerospace. It has a 55.02 P/E ratio. The Industrial segment offers precision parts, products, and systems for applications serving various clients in end-markets, such as transportation, industrial equipment, consumer products, packaging, electronics, medical devices, and energy.

More news for Barnes Group Inc. (NYSE:B) were recently published by: Seekingalpha.com, which released: “Barnes’ (B) CEO Patrick Dempsey on Q2 2016 Results – Earnings Call Transcript” on April 27, 2018. Benzinga.com‘s article titled: “Benzinga’s Top Upgrades, Downgrades For May 18, 2018” and published on May 18, 2018 is yet another important article.

Barnes Group Inc. (NYSE:B) Institutional Positions Chart

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