Deprince Race & Zollo Inc. Has $49.05 Million Stake in Barnes Group Inc. (NYSE:B)

Deprince Race & Zollo Inc. lessened its position in shares of Barnes Group Inc. (NYSE:B) by 0.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,184,485 shares of the industrial products company’s stock after selling 528 shares during the period. Barnes Group makes up about 1.1% of Deprince Race & Zollo Inc.’s portfolio, making the stock its 21st largest holding. Deprince Race & Zollo Inc. owned approximately 2.34% of Barnes Group worth $49,050,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Westwood Holdings Group Inc. bought a new stake in Barnes Group during the 2nd quarter worth approximately $32,576,000. Norges Bank acquired a new stake in Barnes Group during the 4th quarter valued at approximately $10,871,000. AYAL Capital Advisors Ltd acquired a new position in shares of Barnes Group in the 2nd quarter worth approximately $12,166,000. Mason Capital Management LLC increased its position in shares of Barnes Group by 32.9% during the second quarter. Mason Capital Management LLC now owns 1,050,079 shares of the industrial products company’s stock worth $43,484,000 after buying an additional 259,957 shares during the period. Finally, Invenomic Capital Management LP bought a new position in Barnes Group during the fourth quarter worth $7,759,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barnes Group Stock Performance

Shares of Barnes Group stock opened at $39.31 on Thursday. Barnes Group Inc. has a 52 week low of $18.79 and a 52 week high of $45.24. The company has a quick ratio of 1.33, a current ratio of 2.24 and a debt-to-equity ratio of 0.90. The business has a 50 day moving average price of $38.88 and a 200-day moving average price of $38.43. The company has a market cap of $2.00 billion, a PE ratio of 436.78, a price-to-earnings-growth ratio of 2.43 and a beta of 1.39.

Barnes Group (NYSE:B) last released its quarterly earnings results on Friday, July 26th. The industrial products company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). Barnes Group had a negative net margin of 3.74% and a positive return on equity of 5.21%. The company had revenue of $382.23 million during the quarter, compared to analysts’ expectations of $398.80 million. Equities analysts anticipate that Barnes Group Inc. will post 1.62 earnings per share for the current fiscal year.

Barnes Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 22nd were issued a dividend of $0.16 per share. The ex-dividend date was Thursday, August 22nd. This represents a $0.64 dividend on an annualized basis and a yield of 1.63%. Barnes Group’s dividend payout ratio (DPR) is presently 711.11%.

Analysts Set New Price Targets

Several research firms have recently commented on B. DA Davidson boosted their price objective on Barnes Group from $48.00 to $52.00 and gave the company a “buy” rating in a report on Monday, July 29th. Truist Financial boosted their price target on shares of Barnes Group from $34.00 to $38.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Finally, Oppenheimer upped their price objective on shares of Barnes Group from $43.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, June 14th.

About Barnes Group

Barnes Group Inc provides engineered products, industrial technologies, and solutions in the United States and internationally. The company operates through two segments: Industrial and Aerospace. The Industrial segment offers precision components, products, and systems used by various customers in end-markets, such as mobility, industrial equipment, automation, personal care, packaging, electronics, and medical devices.