FY2024 EPS Estimates for Barnes Group Cut by DA Davidson

Barnes Group Inc. (NYSE:B - Free Report) - Investment analysts at DA Davidson decreased their FY2024 earnings per share (EPS) estimates for Barnes Group in a research note issued to investors on Tuesday, October 29th. DA Davidson analyst M. Summerville now forecasts that the industrial products company will post earnings of $1.30 per share for the year, down from their previous forecast of $1.60. DA Davidson currently 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.

A number of other equities analysts also recently issued reports on B. StockNews.com initiated coverage on Barnes Group in a research report on Friday, October 25th. They set a "sell" rating on the stock. Truist Financial raised their target price on shares of Barnes Group from $38.00 to $47.50 and gave the company a "hold" rating in a research note on Tuesday, October 8th.

Barnes Group Trading Down 0.0 %

Barnes Group stock traded down $0.02 during trading hours on Thursday, hitting $46.76. The company had a trading volume of 555,183 shares, compared to its average volume of 415,887. 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 firm has a market cap of $2.37 billion, a P/E ratio of -60.73, a P/E/G ratio of 2.87 and a beta of 1.38. The company has a 50-day moving average price of $41.65 and a two-hundred day moving average price of $39.91. Barnes Group has a 1 year low of $19.74 and a 1 year high of $47.12.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Barnes Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 5,483,184 shares of the industrial products company's stock valued at $178,916,000 after acquiring an additional 20,267 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Barnes Group by 64.8% during the 1st quarter. BNP Paribas Financial Markets now owns 26,382 shares of the industrial products company's stock worth $980,000 after acquiring an additional 10,373 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Barnes Group in the 1st quarter valued at $253,000. Texas Permanent School Fund Corp grew its position in Barnes Group by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 44,350 shares of the industrial products company's stock valued at $1,648,000 after acquiring an additional 574 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Barnes Group during the 1st quarter worth approximately $208,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Barnes Group Company Profile

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.