The stock of Barnes Group Inc. (NYSE:B) reached all time high today, Nov, 16 and still has $65.51 target or 50.00% above today’s $43.67 share price. This indicates more upside for the $2.35B company. This technical setup was reported by Barchart.com. If the $65.51 PT is reached, the company will be worth $1.18 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 43,897 shares traded hands. Barnes Group Inc. (NYSE:B) has risen 19.24% since April 14, 2016 and is uptrending. It has outperformed by 14.56% the S&P500.
Barnes Group Inc. (NYSE:B) Ratings Coverage
Out of 6 analysts covering Barnes Group (NYSE:B), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Barnes Group has been the topic of 13 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Oppenheimer maintained it with “Outperform” rating and $36 target price in Friday, February 12 report. As per Friday, December 11, the company rating was initiated by DA Davidson. As per Monday, October 26, the company rating was maintained by Oppenheimer. Sidoti upgraded the stock to “Buy” rating in Tuesday, January 12 report. On Thursday, April 7 the stock rating was upgraded by Deutsche Bank to “Buy”. The firm has “Outperform” rating by Oppenheimer given on Friday, August 7. The stock of Barnes Group Inc. (NYSE:B) earned “Neutral” rating by Buckingham Research on Monday, October 19.
According to Zacks Investment Research, “Barnes Group Inc. is an international manufacturer of precision metal parts and distributor of industrial supplies, serving a wide range of markets and customers.”
Insitutional Activity: The institutional sentiment decreased to 0.92 in 2016 Q2. Its down 0.78, from 1.7 in 2016Q1. The ratio is negative, as 14 funds sold all Barnes Group Inc. shares owned while 69 reduced positions. 21 funds bought stakes while 55 increased positions. They now own 44.00 million shares or 2.38% more from 42.98 million shares in 2016Q1.
Royal Bank Of Canada accumulated 0% or 11,258 shares. Citigroup, a New York-based fund reported 33,628 shares. Dean Capital Mngmt holds 2.47% or 54,350 shares in its portfolio. State Street Corporation has invested 0% of its portfolio in Barnes Group Inc. (NYSE:B). Third Avenue Mngmt Ltd Liability Corporation has invested 0.15% of its portfolio in Barnes Group Inc. (NYSE:B). Great West Life Assurance Can last reported 0% of its portfolio in the stock. Northern Corporation accumulated 0.02% or 1.49M shares. Renaissance Techs Ltd last reported 0.01% of its portfolio in the stock. Opus Capital Group Lc has 83,811 shares for 0.62% of their US portfolio. Mesirow Financial Mngmt owns 658,912 shares or 1.27% of their US portfolio. Rhumbline Advisers last reported 86,375 shares in the company. Lpl Financial Limited Co has invested 0% of its portfolio in Barnes Group Inc. (NYSE:B). Geode Cap Mngmt Ltd Company holds 0.01% or 342,088 shares in its portfolio. Marshall Wace Ltd Liability Partnership owns 12,558 shares or 0% of their US portfolio. Kcg Holdings accumulated 0% or 6,284 shares.
Insider Transactions: Since May 20, 2016, the stock had 0 insider purchases, and 8 sales for $2.03 million net activity. The insider BARNES THOMAS O sold $124,350. The insider EDWARDS DAWN N sold 5,700 shares worth $229,385. STEPHENS CHRISTOPHER J also sold $893,022 worth of Barnes Group Inc. (NYSE:B) shares. MCCLELLAN HASSELL H also sold $145,101 worth of Barnes Group Inc. (NYSE:B) shares. BENANAV GARY G sold $411,037 worth of stock.
More notable recent Barnes Group Inc. (NYSE:B) news were published by: Forbes.com which released: “Reminder – Barnes Group (B) Goes Ex-Dividend Soon” on August 19, 2016, also Businesswire.com with their article: “Barnes Group Inc. to Acquire the Molds Business of Adval Tech Holding AG” published on July 12, 2016, Businesswire.com published: “Barnes Group Inc. Completes Acquisition of FOBOHA Operations in Germany and …” on August 31, 2016. More interesting news about Barnes Group Inc. (NYSE:B) were released by: Businesswire.com and their article: “Barnes Group Inc. Names Michael A. Beck Senior Vice President, Barnes Group …” published on March 01, 2016 as well as Businesswire.com‘s news article titled: “Barnes Group Inc. Reports Third Quarter 2016 Financial Results” with publication date: October 28, 2016.
B Company Profile
Barnes Group Inc., incorporated on January 30, 1925, is an industrial and aerospace maker 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. The Company’s divisions include Industrial and Aerospace. The Industrial segment includes the Molding Solutions, Engineered Components and Nitrogen Gas Products business units. The Aerospace segment includes the original equipment maker (OEM) business and the aftermarket business, whichcomprises maintenance overhaul and repair (MRO) services, and the manufacture and delivery of aerospace aftermarket spare parts.