Barnes Group (B) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Barnes Group in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" B shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in B, but not buy additional shares or sell existing shares.
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3 Wall Street research analysts have issued 1-year target prices for Barnes Group's shares. Their B share price forecasts range from $40.00 to $48.00. On average, they anticipate the company's share price to reach $44.00 in the next twelve months. This suggests a possible upside of 28.2% from the stock's current price.
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Barnes Group's stock was trading at $40.85 at the beginning of the year. Since then, B stock has decreased by 16.0% and is now trading at $34.33.
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Barnes Group saw a increase in short interest in September. As of September 15th, there was short interest totaling 466,200 shares, an increase of 9.5% from the August 31st total of 425,800 shares. Based on an average daily volume of 190,400 shares, the short-interest ratio is presently 2.4 days. Approximately 1.0% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023.
View our B earnings forecast.

Barnes Group will be holding an earnings conference call on Friday, October 27th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "1137078".

Barnes Group Inc. (NYSE:B) posted its quarterly earnings results on Friday, July, 28th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.04. The industrial products company had revenue of $339 million for the quarter, compared to analysts' expectations of $340.43 million. Barnes Group had a trailing twelve-month return on equity of 7.92% and a net margin of 4.84%. The business's quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the firm posted $0.56 earnings per share.

Barnes Group declared a quarterly dividend on Friday, July 14th. Shareholders of record on Thursday, August 24th will be given a dividend of $0.16 per share on Friday, September 8th. This represents a $0.64 annualized dividend and a yield of 1.86%. The ex-dividend date is Wednesday, August 23rd.
Read our dividend analysis for B.

ETFs with the largest weight of Barnes Group (NYSE:B) stock in their portfolio include Thrivent Small-Mid Cap ESG ETF (TSME), Invesco S&P SmallCap Industrials ETF (PSCI), Vanguard S&P Small-Cap 600 Value ETF (VIOV) and SPDR S&P 600 Small Cap ETF (SLY).Invesco Aerospace & Defense ETF (PPA).

Barnes Group (NYSE:B) pays an annual dividend of $0.64 per share and currently has a dividend yield of 1.86%. The dividend payout ratio is 52.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, B will have a dividend payout ratio of 25.50% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for B.

Barnes Group issued an update on its FY 2023 earnings guidance on Friday, July, 28th. The company provided EPS guidance of $2.15-$2.30 for the period, compared to the consensus EPS estimate of $2.25. The company issued revenue guidance of -.

18 employees have rated Barnes Group Chief Executive Officer Patrick J. Dempsey on Glassdoor.com. Patrick J. Dempsey has an approval rating of 71% among the company's employees.

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).

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

Barnes Group's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (15.59%), Dimensional Fund Advisors LP (6.79%), Thrivent Financial for Lutherans (3.91%), State Street Corp (3.86%), Champlain Investment Partners LLC (2.47%) and Aristotle Capital Boston LLC (2.07%). Insiders that own company stock include Christopher J Stephens, Dawn N Edwards, Elijah Kent Barnes, James C Pelletier, Julie K Streich, Michael Andrew Beck, Mylle H Mangum, Mylle H Mangum, Neal J Keating, Richard J Hipple and Thomas J Hook.
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Shares of B stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of B stock can currently be purchased for approximately $34.33.

Barnes Group (NYSE:B) has a market capitalization of $1.74 billion and generates $1.26 billion in revenue each year. The industrial products company earns $13.48 million in net income (profit) each year or $1.23 on an earnings per share basis.

The company employs 5,200 workers across the globe.

Barnes Group's mailing address is 123 MAIN ST, BRISTOL CT, 06010. The official website for the company is www.barnesgroupinc.com. The industrial products company can be reached via phone at (860) 583-7070, via email at ir@bginc.com, or via fax at 302-674-5266.