Q4 Earnings Estimate for Barnes Group Issued By DA Davidson

Barnes Group Inc. (NYSE:B - Free Report) - Research analysts at DA Davidson issued their Q4 2024 EPS estimates for shares of Barnes Group in a research report issued on Tuesday, October 29th. DA Davidson analyst M. Summerville expects that the industrial products company will earn $0.46 per share for the quarter. DA Davidson has a "Neutral" rating and a $47.50 price objective on the stock. The consensus estimate for Barnes Group's current full-year earnings is $1.62 per share. DA Davidson also issued estimates for Barnes Group's FY2025 earnings at $2.03 EPS.

Several other research analysts have also recently weighed in on B. Truist Financial boosted their target price on Barnes Group from $38.00 to $47.50 and gave the stock a "hold" rating in a report on Tuesday, October 8th. StockNews.com started coverage on shares of Barnes Group in a research report on Friday, October 25th. They set a "sell" rating on the stock.

Barnes Group Stock Performance

NYSE B traded down $0.01 during trading hours on Wednesday, reaching $46.78. The stock had a trading volume of 402,734 shares, compared to its average volume of 415,224. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.33 and a current ratio of 2.24. The stock has a fifty day moving average of $41.49 and a 200 day moving average of $39.86. Barnes Group has a 52-week low of $19.74 and a 52-week high of $47.12. The stock has a market cap of $2.37 billion, a P/E ratio of -60.75, a price-to-earnings-growth ratio of 2.87 and a beta of 1.38.

Institutional Investors Weigh In On Barnes Group

A number of institutional investors have recently added to or reduced their stakes in the business. Westwood Holdings Group Inc. purchased a new stake in Barnes Group in the 2nd quarter valued at approximately $32,576,000. AYAL Capital Advisors Ltd acquired a new position in shares of Barnes Group in the 2nd quarter valued at $12,166,000. Mason Capital Management LLC grew its position in 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 valued at $43,484,000 after acquiring an additional 259,957 shares during the period. Vanguard Group Inc. raised its holdings in Barnes Group by 3.8% in the first quarter. Vanguard Group Inc. now owns 5,689,535 shares of the industrial products company's stock valued at $211,366,000 after buying an additional 206,351 shares during the period. Finally, Kennedy Capital Management LLC lifted its holdings in shares of Barnes Group by 10.7% during the 1st quarter. Kennedy Capital Management LLC now owns 753,625 shares of the industrial products company's stock valued at $27,997,000 after acquiring an additional 72,546 shares in the last quarter. Hedge funds and other institutional investors own 90.82% of the company's stock.

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.