Barnes Group (B) Stock Price, News & Analysis

Company Overview

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. This segment also designs and manufactures hot runner systems, mold cavity sensors and process control systems, and precision high cavitation mold assemblies for injection molding applications; provides force and motion control solutions for various metal forming and other industrial markets; and designs and develops robotic grippers, end-of-arm tooling systems, sensors, and other automation components for intelligent robotic handling solutions and industrial automation applications. In addition, it manufactures and supplies precision mechanical products, including mechanical springs, and high-precision punched and fine-blanked components used in mobility and industrial applications. This segment sells its products primarily through its direct sales force and distribution channels. The Aerospace segment produces fabricated and precision machined components and assemblies for turbine engines; and nacelles and structures for commercial and defense-related aircraft. It also provides aircraft engine component maintenance, repair, and overhaul services for turbine engine manufacturers, commercial airlines, and defense market; and manufactures and delivers aerospace aftermarket spare parts. This segment serves original equipment manufacturing industry. Barnes Group Inc. was founded in 1857 and is headquartered in Bristol, Connecticut.

Key Stats

• Today's Range: $46.73 to $46.80
• 50-Day Range: $36.45 to $46.90
• 52-Week Range: $25.75 to $47.40
• Volume: 460,073 shs
• Average Volume: 655,178 shs
• Market Capitalization: $2.38 billion
• P/E Ratio: N/A
• Dividend Yield: 1.37%
• Price Target: $47.67
• Consensus Rating: Hold

Barnes Group Stock Analysis - MarketRank™

Barnes Group scored higher than 37% of companies evaluated by MarketBeat, and ranked 137th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

Barnes Group has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Barnes Group has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 36.99%

Earnings Growth

Earnings for Barnes Group are expected to grow by 36.99% in the coming year, from $1.46 to $2.00 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Barnes Group is -60.70, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Barnes Group is -60.70, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Barnes Group has a PEG Ratio of 3.21. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Barnes Group has a P/B Ratio of 1.74. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.51% of the float of Barnes Group has been sold short.

Short Interest Ratio / Days to Cover

Barnes Group has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Barnes Group has recently increased by 6.58%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Barnes Group pays a meaningful dividend of 1.37%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Barnes Group does not have a long track record of dividend growth.

Dividend Sustainability

Based on earnings estimates, Barnes Group will have a dividend payout ratio of 32.00% next year. This indicates that Barnes Group will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.51% of the float of Barnes Group has been sold short.

Short Interest Ratio / Days to Cover

Barnes Group has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Barnes Group has recently increased by 6.58%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.53

News Sentiment

Barnes Group has a news sentiment score of 0.53. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.76 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Barnes Group this week, compared to 4 articles on an average week.

Search Interest

36 people have searched for B on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Barnes Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Barnes Group insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 9.29% of the stock of Barnes Group is held by insiders.

Percentage Held by Institutions

90.82% of the stock of Barnes Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

B Stock Analysis - Frequently Asked Questions

How have B shares performed this year?

Barnes Group's stock was trading at $32.63 at the start of the year. Since then, B shares have increased by 43.2% and is now trading at $46.74.
View the best growth stocks for 2024 here.

How were Barnes Group's earnings last quarter?

Barnes Group Inc. (NYSE:B) released its earnings results on Friday, February, 16th. The industrial products company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.06. Barnes Group's quarterly revenue was up 32.5% compared to the same quarter last year.

Does Barnes Group have any subsidiaries?

Barnes Group subsidiaries include these companies: Gimatic, Industrial Gas Springs, Gammaflux, Adval Tech - Foboha Mold Making Business, Priamus System Technologies, Thermoplay, Otto Männer, and others.

Who are Barnes Group's major shareholders?

Top institutional shareholders of Barnes Group include State Street Corp (3.90%), FMR LLC (2.80%), Geode Capital Management LLC (2.09%) and Charles Schwab Investment Management Inc. (1.61%). Insiders that own company stock include Thomas J Hook, Dawn N Edwards, Hans-Peter Manner, Elijah Kent Barnes, Marian Acker, Mylle H Mangum, Julie K Streich and James C Pelletier.
View institutional ownership trends.

How do I buy shares of Barnes Group?

Shares of B stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Barnes Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Barnes Group investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), Tesla (TSLA), JPMorgan Chase & Co. (JPM), Netflix (NFLX) and Exxon Mobil (XOM).

Company Calendar

• Last Earnings: 2/16/2024
• Ex-Dividend for 9/10 Dividend: 8/22/2024
• Dividend Payable: 9/10/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/21/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrial Products
• Industry: Miscellaneous fabricated metal products
• Sub-Industry: Industrial Machinery
• Current Symbol: NYSE:B
• CUSIP: 06780610
• CIK: 9984
• Web: www.barnesgroupinc.com
• Phone: (860) 583-7070
• Fax: 302-674-5266
• Employees: 6,500
• Year Founded: 1857

Price Target and Rating

• Average Stock Price Target: $47.67
• High Stock Price Target: $48.00
• Low Stock Price Target: $47.50
• Potential Upside/Downside: +2.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.77)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 32.01
• P/E Growth: 3.21
• Net Income: $16 million
• Net Margins: -2.46%
• Pretax Margin: 1.17%
• Return on Equity: 4.84%
• Return on Assets: 2.01%

Debt

• Debt-to-Equity Ratio: 0.87
• Current Ratio: 2.28
• Quick Ratio: 1.35

Sales & Book Value

• Annual Sales: $1.45 billion
• Price / Sales: 1.64
• Cash Flow: $3.96 per share
• Price / Cash Flow: 11.80
• Book Value: $26.88 per share
• Price / Book: 1.74

Miscellaneous

• Outstanding Shares: 50,940,000
• Free Float: 46,208,000
• Market Cap: $2.38 billion
• Optionable: Optionable
• Beta: 1.35