Skip to Content

Barnes Group Inc. is acquired by the State of New Jersey Common Pension Fund D for $4,483 shares (NYSE:B)

Barnes Group Inc. is acquired by the State of New Jersey Common Pension Fund D for $4,483 shares (NYSE:B)

The most recent disclosure that the State of New Jersey Common Pension Fund D submitted to the Securities and Exchange Commission indicates that it increased its holdings in Barnes Group Inc. (NYSE: B) by 6.6% during the third quarter. This information was gleaned from the most recent quarterly report provided by the fund. The mutual fund had a total holding of 72,093 shares after making an additional purchase of 4,483 shares of the industrial products company’s stock during the period in question. At the end of the most recent fiscal quarter, the State of New Jersey Common Pension Fund D held $2.082,000 worth of Barnes Group stock, approximately equivalent to 0.14% of the company.

Several additional institutional investors have recently made modifications to the proportion of the company’s stock that they own at their respective institutions. First Horizon Advisors Inc. strengthened its holdings in Barnes Group during the second quarter by increasing its share count by purchasing an additional stock for close to $33,000. WFA of San Diego LLC invested approximately $36,000 during the second quarter to acquire a larger share of Barnes Group. From the second to the third quarter, Allspring Global Investments Holdings LLC acquired a 66.2 percentage point increase in Barnes Group stock owned by the company. Allspring Global Investments Holdings LLC now has 2,396 shares of the industrial products company’s stock after acquiring 954 additional shares during the most recent period. The stock is currently valued at $69,000, and Allspring Global Investments Holdings LLC possesses these shares. During the first three months of the year, Captrust Financial Advisors increased the percentage of Barnes Group stock owned by 45.6%. As a result of the purchase of 954 additional shares during the period in question, Captrust Financial Advisors now owns 3,048 shares of the stock held by the industrial products company. The current market value of these shares is $122,000. A new investment in Barnes Group shares with a value of approximately $127,000 was made by KBC Group NV during the second quarter of the fiscal year. This was the very last and most significant announcement that the company made. Institutions own the company’s equity to 86.16% or 86.16% of the total.

On Thursday morning, the opening price of an individual share on the NYSE B was $42.93. A debt-to-equity ratio comes in at 0.44; a quick ratio comes in at 1.46; a current ratio comes in at 2.40; and a quick ratio comes in at 1.46. Barnes Group Inc.’s all-time high and low for the past 52 weeks is $48.42. Over the last 50 days, the moving averages for the company are $40.86, and over the last 200 days, they are $35.48. The stock’s price-to-earnings ratio is 85.86, the price-to-earnings-to-growth ratio is 2.05, and the stock’s beta value is 1.23. The company’s total value, as measured by its market capitalization, is $2.17 billion.

The most recent quarterly earnings report for Barnes Group (NYSE: B) was made public on October 28, a Friday. The manufacturer of industrial items reported a quarterly profit of $0.49 per share, which is $0.01 higher than the consensus estimate of $0.48 among market experts. The Barnes Group achieved a return on equity of 7.61 percent while maintaining a net margin of 2.07 percent. Revenue forecasts for the upcoming quarter for the corporation ranged anywhere from $324.93 million to $314.70 million, according to analysts. In the same period as the previous year, the corporation reported a profit of $0.55 for every share it distributed. The company’s revenue experienced a 3.2% decline compared to the previous fiscal year. It is anticipated by those who follow the market that Barnes Group Inc. will generate earnings of $1.94 per share this year.

The Chief Executive Officer of Barnes Group, Thomas J. Hook, purchased 27,500 shares of the company’s stock on November 1, as reported in related news. It costs a total of $997,425.00 to acquire these shares, which comes out to an average price of $36.27 per share when divided among all the shares. Following the conclusion of the transaction, the CEO will have direct ownership of a total of 40,613 shares of the company. Based on the current market price, these shares have a value of approximately $1,473,033.51. Follow the link, which will take you to a document presented to the Securities and Exchange Commission. You will have the opportunity to acquire additional information regarding the transaction. The Chief Executive Officer of Barnes Group, Thomas J. Hook, purchased 27,500 shares of the company’s stock on November 1, as reported in related news. It costs a total of $997,425.00 to acquire these shares, which comes out to an average price of $36.27 per share when divided among all the shares. Following the conclusion of the transaction, the CEO will have direct ownership of a total of 40,613 shares of the company. Based on the current market price, these shares have a value of approximately $1,473,033.51. Follow the link, which will take you to a document presented to the Securities and Exchange Commission.

You will have the opportunity to acquire additional information regarding the transaction. Additionally, on November 3, Senior Vice President Dawn N. Edwards sold 3,400 shares of the company’s stock. It was determined that the price of each share of stock was $35.42, which resulted in a total revenue of $120,428.00 from the sale of shares. Following the transaction involving those shares, the senior vice president has direct control over 76,749 of the company’s shares, estimated to be worth approximately $2,718,449.58. Disclosures that are related to the sale might be found in this section of the website. Business insiders were responsible for purchasing a total of 75,177 shares during the most recent fiscal quarter for $2,806,235. Corporate insiders currently hold an equity stake in the company equivalent to 5.10 percent of the total equity.

The company’s shares have recently been the subject of commentary from analysts who focus on providing analysis in the field of equities. The price target that Trust Financial has set for Barnes Group has increased from $29.00 to $37.00, as stated in a research note that was published on Monday, January 9. Oppenheimer upgraded Barnes Group from an “outperform” rating to a “buy” rating in a research report released on November 29. Additionally, they raised their price objective on the stock from $42.00 to $48.00. Both of these changes were made public. The research firm Wolfe Research published a research note on October 10, in which it announced that it would begin covering Barnes Group shares. The organization gave the business the rating of “peer performing,” which was the designation given to the company. The optimistic outlook of Barnes Group was highlighted in a report that was published on Wednesday by StockNews.com. The website moved the rating of the company from “hold” to “buy,” reflecting the market’s stance toward the stock. Two equity research specialists advise considering a stock purchase, while the other three say the stock should be held off-market for the time being. The information that Bloomberg.com provided indicates that the company is currently rated as having a ” Hold ” status and has a price objective of $40.75.

Barnes Group Inc. is a multinational corporation headquartered in the United States of America and operates in several other countries. The company is in the business of producing designed goods as well as industrial technologies and solutions. It serves a variety of markets, including the aerospace industry as well as the industrial market. Customers in various end markets, such as mobility, industrial equipment, automation, personal care, packaging, electronics, and medical devices, can make purchases of exact components, products, and systems from the Industrial Division. These end markets include mobility, industrial equipment, personal care, packaging, electronics, and medical devices.

Tags

Leave a comment

Your email address will not be published. Required fields are marked *