The stock of Barnes Group Inc. (NYSE:B) reached all time high today, Nov, 21 and still has $57.01 target or 25.00% above today’s $45.61 share price. This indicates more upside for the $2.51 billion company. This technical setup was reported by Barchart.com. If the $57.01 PT is reached, the company will be worth $627.50M 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. The stock increased 1.85% or $0.83 on November 21, hitting $45.61. About 169,183 shares traded hands. Barnes Group Inc. (NYSE:B) has risen 21.25% since April 19, 2016 and is uptrending. It has outperformed by 17.39% 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. As per Friday, February 12, the company rating was maintained by Oppenheimer. Oppenheimer upgraded Barnes Group Inc. (NYSE:B) on Friday, August 7 to “Outperform” rating. The firm has “Neutral” rating by DA Davidson given on Friday, December 11. Deutsche Bank upgraded Barnes Group Inc. (NYSE:B) on Thursday, April 7 to “Buy” rating. Oppenheimer maintained the shares of B in a report on Monday, October 26 with “Outperform” rating. As per Tuesday, January 12, the company rating was upgraded by Sidoti. Buckingham Research initiated the shares of B in a report on Monday, October 19 with “Neutral” rating.
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 increased to 1.56 in 2016 Q2. Its up 0.64, from 0.92 in 2016Q1. The ratio improved, 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.
Strs Ohio holds 0.02% of its portfolio in Barnes Group Inc. (NYSE:B) for 119,300 shares. Comerica Fincl Bank holds 50,411 shares or 0.02% of its portfolio. Pub Employees Retirement Association Of Colorado has invested 0.08% of its portfolio in Barnes Group Inc. (NYSE:B). Eagle Boston Invest Mgmt last reported 1.17% of its portfolio in the stock. Gsa Cap Prtnrs Llp last reported 39,027 shares in the company. Louisiana State Employees Retirement last reported 22,400 shares in the company. Independent Port Consultants Inc holds 20,345 shares or 0.21% of its portfolio. Teachers Advsrs last reported 446,871 shares in the company. Schwab Charles Investment Mngmt Inc has 0.01% invested in the company for 243,362 shares. Deutsche Comml Bank Ag accumulated 0% or 73,122 shares. Barnett And reported 736 shares or 0.01% of all its holdings. Cubist Systematic Strategies Limited Liability Corp, a Connecticut-based fund reported 1,661 shares. The North Carolina-based Retail Bank Of America Corporation De has invested 0.04% in Barnes Group Inc. (NYSE:B). Ahl Partners Limited Liability Partnership owns 46,512 shares or 0.08% of their US portfolio. Wooster Corthell Wealth Mngmt Inc accumulated 2.25% or 96,891 shares.
Insider Transactions: Since May 23, 2016, the stock had 0 insider buys, and 7 selling transactions for $1.89 million net activity. $411,037 worth of Barnes Group Inc. (NYSE:B) shares were sold by BENANAV GARY G. $30,267 worth of shares were sold by BARNES THOMAS O on Monday, August 29. EDWARDS DAWN N had sold 5,700 shares worth $229,385. $145,101 worth of Barnes Group Inc. (NYSE:B) was sold by MCCLELLAN HASSELL H on Monday, May 23. STEPHENS CHRISTOPHER J also sold $893,022 worth of Barnes Group Inc. (NYSE:B) on Friday, September 16.
More important recent Barnes Group Inc. (NYSE:B) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Forward Air, Equifax and Barnes Group” on November 17, 2016, also Nasdaq.com published article titled: “Barnes Group, Inc. (B) Ex-Dividend Date Scheduled for November 21, 2016”, Businesswire.com published: “Barnes Group Inc. Names Michael A. Beck Senior Vice President, Barnes Group …” on March 01, 2016. More interesting news about Barnes Group Inc. (NYSE:B) was released by: Businesswire.com and their article: “Barnes Group Inc. Elects Hans-Peter MÃ¤nner to Board of Directors” with publication date: October 19, 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.
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