Notable Reporting: Is Buying Barnes Group Inc. Here a Winning Strategy?

Notable Reporting: Is Buying Barnes Group Inc. Here a Winning Strategy?

The stock of Barnes Group Inc. (NYSE:B) hit a new 52-week high and has $48.56 target or 4.00% above today’s $46.69 share price. The 6 months bullish chart indicates low risk for the $2.51B company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $48.56 price target is reached, the company will be worth $100.40M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 57,967 shares traded hands. Barnes Group Inc. (NYSE:B) has risen 39.96% since April 28, 2016 and is uptrending. It has outperformed by 34.03% the S&P500.

Analysts await Barnes Group Inc. (NYSE:B) to report earnings on February, 17. They expect $0.64 EPS, up 6.67% or $0.04 from last year’s $0.6 per share. B’s profit will be $34.41M for 18.24 P/E if the $0.64 EPS becomes a reality. After $0.71 actual EPS reported by Barnes Group Inc. for the previous quarter, Wall Street now forecasts -9.86% negative EPS growth.

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. Buckingham Research initiated the stock with “Neutral” rating in Monday, October 19 report. Deutsche Bank upgraded the shares of B in a report on Thursday, April 7 to “Buy” rating. The stock of Barnes Group Inc. (NYSE:B) earned “Buy” rating by Sidoti on Tuesday, January 12. Oppenheimer maintained the stock with “Outperform” rating in Monday, October 26 report. The firm earned “Neutral” rating on Friday, December 11 by DA Davidson. The company was maintained on Friday, February 12 by Oppenheimer. Oppenheimer upgraded the stock to “Outperform” rating in Friday, August 7 report.

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 Q2 2016. Its up 0.64, from 0.92 in 2016Q1. The ratio increased, 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.
Citigroup, a New York-based fund reported 33,628 shares. Voya Investment Ltd Limited Liability Company owns 569,207 shares or 0.05% of their US portfolio. Rhumbline Advisers holds 0.01% or 86,375 shares in its portfolio. Smithfield owns 6,860 shares or 0.04% of their US portfolio. Profund Advsrs Limited Liability Corporation owns 10,633 shares or 0.02% of their US portfolio. Springbok Management Ltd Liability Com reported 505 shares or 0% of all its holdings. Pnc Fincl Group Inc holds 0% of its portfolio in Barnes Group Inc. (NYSE:B) for 4,275 shares. Highbridge Cap Ltd Liability Com holds 0.05% of its portfolio in Barnes Group Inc. (NYSE:B) for 90,322 shares. Lpl Limited Liability Corp has 0% invested in the company for 8,860 shares. Moreover, Meridian Invest Counsel Inc has 0.18% invested in Barnes Group Inc. (NYSE:B) for 7,800 shares. Barnett Com Incorporated holds 0.01% of its portfolio in Barnes Group Inc. (NYSE:B) for 736 shares. Dean Cap has 2.47% invested in the company for 54,350 shares. Royal Commercial Bank Of Canada last reported 11,258 shares in the company. Pub Employees Retirement Association Of Colorado has 308,284 shares for 0.08% of their US portfolio. Pettyjohn Wood & White Inc has 33,085 shares for 0.43% of their US portfolio.

Insider Transactions: Since August 10, 2016, the stock had 0 buys, and 10 insider sales for $4.97 million net activity. $189,131 worth of Barnes Group Inc. (NYSE:B) shares were sold by EDWARDS DAWN N. The insider ACKER MARIAN sold 6,000 shares worth $279,052. BENANAV GARY G sold $411,037 worth of stock or 9,901 shares. The insider Dempsey Patrick sold 50,621 shares worth $2.34 million. Another trade for 222 shares valued at $10,349 was sold by BARNES THOMAS O. Shares for $462,198 were sold by STEPHENS CHRISTOPHER J on Tuesday, November 22.

More news for Barnes Group Inc. (NYSE:B) were recently published by: Forbes.com, which released: “Ex-Dividend Reminder: Forward Air, Equifax and Barnes Group” on November 17, 2016. Nasdaq.com‘s article titled: “Barnes Group, Inc. (B) Ex-Dividend Date Scheduled for November 21, 2016” and published on November 18, 2016 is yet another important article.

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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