Dreman Value Management L L C buys $14,836,500 stake in Barnes Group (B)

Barnes Group (B) : Dreman Value Management L L C scooped up 20,327 additional shares in Barnes Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 367,513 shares of Barnes Group which is valued at $14,836,500.Barnes Group makes up approximately 1.56% of Dreman Value Management L L C’s portfolio.

Other Hedge Funds, Including , Aristotle Capital Boston boosted its stake in B in the latest quarter, The investment management firm added 2,129 additional shares and now holds a total of 160,283 shares of Barnes Group which is valued at $6,470,625. Barnes Group makes up approx 1.23% of Aristotle Capital Boston’s portfolio.Aperio Group reduced its stake in B by selling 983 shares or 5.29% in the most recent quarter. The Hedge Fund company now holds 17,603 shares of B which is valued at $710,633. Barnes Group makes up approx 0.01% of Aperio Group’s portfolio.Proshare Advisors reduced its stake in B by selling 588 shares or 7.47% in the most recent quarter. The Hedge Fund company now holds 7,279 shares of B which is valued at $293,853. Stevens Capital Management Lp sold out all of its stake in B during the most recent quarter. The investment firm sold 21,894 shares of B which is valued $883,861. Bruderman Asset Management sold out all of its stake in B during the most recent quarter. The investment firm sold 1,256 shares of B which is valued $50,152.

Barnes Group closed down -0.24 points or -0.58% at $41.1 with 1,78,977 shares getting traded on Thursday. Post opening the session at $41.47, the shares hit an intraday low of $40.71 and an intraday high of $41.5 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Barnes Group reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $0.60. The company had revenue of $306.69 million for the quarter, compared to analysts expectations of $307.72 million. The company’s revenue was down -2.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.62 EPS.

Barnes Group Inc. is an industrial and aerospace manufacturer and service provider serving a range of end-markets and customers. The Company’s engineered products industrial technologies and solutions delivered are used in applications that provide transportation manufacturing healthcare products and technology to the world. The Company operates in segments: Industrial and Aerospace. The Industrial segment is a manufacturer of engineered precision parts products and systems for critical applications. It is a manufacturer and supplier of precision mechanical products including mechanical springs and nitrogen gas products. The Aerospace segment is a provider of precision-machined and fabricated components and assemblies for OEM turbine engine airframe and industrial gas turbine builders and the military. Aerospace provides jet engine component overhaul and repair services for turbine engine manufacturers commercial airlines and the military.

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