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NYSE:B

Barnes Group Stock Forecast, Price & News

$39.73
+0.30 (+0.76 %)
(As of 10/20/2020 12:00 AM ET)
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Today's Range
$39.68
Now: $39.73
$40.63
50-Day Range
$34.02
MA: $37.17
$40.19
52-Week Range
$30.22
Now: $39.73
$68.60
Volume130,361 shs
Average Volume246,903 shs
Market Capitalization$2.01 billion
P/E Ratio17.43
Dividend Yield1.62%
Beta1.15
Barnes Group Inc. provides engineered products, industrial technologies, and innovative 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 transportation, 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 transportation and industrial applications, including mechanical springs, and high-precision punched and fine-blanked components. 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 turbine engines; and nacelles, and structures for commercial and military aircrafts. It also provides aircraft engine component maintenance, repair, and overhaul services for turbine engine manufacturers, commercial airlines, and the military; and manufactures and delivers aerospace aftermarket spare parts. This segment primarily serves original equipment manufacturing industry. Barnes Group Inc. was founded in 1857 and is based in Bristol, Connecticut.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.0Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.23 out of 5 stars

Industry, Sector and Symbol

Industry Miscellaneous fabricated metal products
Sub-IndustryIndustrial Machinery
CUSIP06780610
CIK9984
Phone860-583-7070
Employees5,749

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.49 billion
Cash Flow$5.16 per share
Book Value$25.05 per share

Profitability

Net Income$158.35 million

Miscellaneous

Market Cap$2.01 billion
Next Earnings Date10/23/2020 (Confirmed)
OptionableOptionable
$39.73
+0.30 (+0.76 %)
(As of 10/20/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Barnes Group (NYSE:B) Frequently Asked Questions

How has Barnes Group's stock been impacted by COVID-19 (Coronavirus)?

Barnes Group's stock was trading at $44.77 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, B stock has decreased by 11.3% and is now trading at $39.73.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Barnes Group?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Barnes Group in the last year. There are currently 5 sell ratings, 6 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Barnes Group
.

When is Barnes Group's next earnings date?

Barnes Group is scheduled to release its next quarterly earnings announcement on Friday, October 23rd 2020.
View our earnings forecast for Barnes Group
.

How can I listen to Barnes Group's earnings call?

Barnes Group will be holding an earnings conference call on Friday, October 23rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Barnes Group's earnings last quarter?

Barnes Group Inc. (NYSE:B) announced its quarterly earnings results on Tuesday, July, 28th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.07. The industrial products company had revenue of $236 million for the quarter, compared to analyst estimates of $239.02 million. Barnes Group had a net margin of 8.94% and a return on equity of 11.24%. The firm's revenue was down 36.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 EPS.
View Barnes Group's earnings history
.

How often does Barnes Group pay dividends? What is the dividend yield for Barnes Group?

Barnes Group announced a quarterly dividend on Monday, October 19th. Shareholders of record on Tuesday, November 24th will be given a dividend of $0.16 per share on Thursday, December 10th. This represents a $0.64 annualized dividend and a yield of 1.61%. The ex-dividend date is Monday, November 23rd.
View Barnes Group's dividend history
.

What guidance has Barnes Group issued on next quarter's earnings?

Barnes Group updated its third quarter earnings guidance on Tuesday, July, 28th. The company provided EPS guidance of $0.22-$0.32 for the period, compared to the Thomson Reuters consensus estimate of $0.34.

What price target have analysts set for B?

15 brokerages have issued 12 month target prices for Barnes Group's stock. Their forecasts range from $15.00 to $68.00. On average, they expect Barnes Group's stock price to reach $50.07 in the next year. This suggests a possible upside of 26.0% from the stock's current price.
View analysts' price targets for Barnes Group
.

Are investors shorting Barnes Group?

Barnes Group saw a decline in short interest in September. As of September 15th, there was short interest totaling 683,000 shares, a decline of 9.2% from the August 31st total of 752,500 shares. Based on an average daily trading volume, of 240,200 shares, the days-to-cover ratio is currently 2.8 days. Approximately 1.5% of the company's stock are sold short.
View Barnes Group's Short Interest
.

Who are some of Barnes Group's key competitors?

What other stocks do shareholders of Barnes Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Barnes Group investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Athabasca Oil (ATH), Chipotle Mexican Grill (CMG), NIC (EGOV), Aegean Marine Petroleum Network (ANW), Micron Technology (MU), Zoetis (ZTS) and Transocean (RIG).

Who are Barnes Group's key executives?

Barnes Group's management team includes the following people:
  • Mr. Patrick J. Dempsey, Pres, CEO & Director (Age 56, Pay $1.23M)
  • Mr. Christopher J. Stephens Jr., Sr. VP of Fin. & CFO (Age 55, Pay $786.2k)
  • Dr. Patrick T. Hurley Ph.D., Sr. VP & CTO (Age 47, Pay $836.66k)
  • Mr. Michael Andrew Beck, Sr. VP (Age 60, Pay $782.49k)
  • Mr. William Pitts, Director of Investor Relations

What is Barnes Group's stock symbol?

Barnes Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "B."

Who are Barnes Group's major shareholders?

Barnes Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include Tributary Capital Management LLC (0.66%), State of Alaska Department of Revenue (0.09%), Envestnet Asset Management Inc. (0.08%), Louisiana State Employees Retirement System (0.04%), Diversified Trust Co (0.03%) and Nisa Investment Advisors LLC (0.00%). Company insiders that own Barnes Group stock include Christopher J Stephens, Dawn N Edwards, Gary G Benanav, Hassell H Mcclellan, Marian Acker, Mylle H Mangum, Patrick Dempsey, Richard J Hipple and Thomas O Barnes.
View institutional ownership trends for Barnes Group
.

Which major investors are selling Barnes Group stock?

B stock was sold by a variety of institutional investors in the last quarter, including Tributary Capital Management LLC, Envestnet Asset Management Inc., and State of Alaska Department of Revenue. Company insiders that have sold Barnes Group company stock in the last year include Christopher J Stephens, Dawn N Edwards, Hassell H Mcclellan, Marian Acker, Patrick Dempsey, and Thomas O Barnes.
View insider buying and selling activity for Barnes Group
.

Which major investors are buying Barnes Group stock?

B stock was purchased by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System, Diversified Trust Co, and Nisa Investment Advisors LLC. Company insiders that have bought Barnes Group stock in the last two years include Gary G Benanav, Mylle H Mangum, and Richard J Hipple.
View insider buying and selling activity for Barnes Group
.

How do I buy shares of Barnes Group?

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

What is Barnes Group's stock price today?

One share of B stock can currently be purchased for approximately $39.73.

How big of a company is Barnes Group?

Barnes Group has a market capitalization of $2.01 billion and generates $1.49 billion in revenue each year. The industrial products company earns $158.35 million in net income (profit) each year or $3.21 on an earnings per share basis. Barnes Group employs 5,749 workers across the globe.

What is Barnes Group's official website?

The official website for Barnes Group is www.barnesgroupinc.com.

How can I contact Barnes Group?

Barnes Group's mailing address is 123 MAIN ST, BRISTOL CT, 06010. The industrial products company can be reached via phone at 860-583-7070 or via email at [email protected]

This page was last updated on 10/21/2020 by MarketBeat.com Staff

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