Eagle Boston Investment Management Inc buys $10,300,425 stake in Barnes Group (B)

Barnes Group (B) : Eagle Boston Investment Management Inc scooped up 2,082 additional shares in Barnes Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 263,236 shares of Barnes Group which is valued at $10,300,425.Barnes Group makes up approximately 1.34% of Eagle Boston Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Eagle Asset Management Inc boosted its stake in B in the latest quarter, The investment management firm added 26,802 additional shares and now holds a total of 454,318 shares of Barnes Group which is valued at $17,777,463. Barnes Group makes up approx 0.12% of Eagle Asset Management Inc’s portfolio. Cutler Group Lp sold out all of its stake in B during the most recent quarter. The investment firm sold 217 shares of B which is valued $8,589.Independent Portfolio Consultants reduced its stake in B by selling 295 shares or 1.45% in the most recent quarter. The Hedge Fund company now holds 20,050 shares of B which is valued at $807,013. Barnes Group makes up approx 0.25% of Independent Portfolio Consultants’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in B by selling 8,064 shares or 47.16% in the most recent quarter. The Hedge Fund company now holds 9,036 shares of B which is valued at $363,699.Cullinan Associates Inc reduced its stake in B by selling 7,500 shares or 21.43% in the most recent quarter. The Hedge Fund company now holds 27,500 shares of B which is valued at $1,106,875. Barnes Group makes up approx 0.10% of Cullinan Associates Inc’s portfolio.

Barnes Group closed down -0.45 points or -1.14% at $39.13 with 1,34,006 shares getting traded on Tuesday. Post opening the session at $39.42, the shares hit an intraday low of $38.79 and an intraday high of $39.42 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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