In a report released on July 28, Michael Ciarmoli from Truist Financial maintained a Hold rating on Barnes Group (B – Research Report). The company’s shares closed yesterday at $39.30.
According to TipRanks, Ciarmoli is a 5-star analyst with an average return of 11.6% and a 62.88% success rate. Ciarmoli covers the Industrials sector, focusing on stocks such as Moog, Albany International, and Ducommun.
Currently, the analyst consensus on Barnes Group is a Moderate Buy with an average price target of $40.00, representing a 1.78% upside. In a report released yesterday, D.A. Davidson also maintained a Hold rating on the stock with a $40.00 price target.
See the top stocks recommended by analysts >>
Based on Barnes Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $335.36 million and a net profit of $13.16 million. In comparison, last year the company earned a revenue of $310.95 million and had a net profit of $28.09 million
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of B in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Barnes Group, Inc. engages in the provision of engineered products, industrial technologies, and solutions, serving a wide range of end markets and customers. It operates through the Industrial and Aerospace segments. The Industrial segment includes molding solutions; force and motion control; and automation and engineered components business units. The Aerospace segment consists of original equipment manufacturing (OEM) business, maintenance repair and overhaul (MRO) services, and the manufacture and delivery of aerospace aftermarket spare parts. The company was founded by Wallace Barnes in 1857 and is headquartered in Bristol, CT.
Read More on B:
