Barnes Group (B) Stock Forecast, Price & News

3 Wall Street 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 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 analysts have issued 1-year price targets for Barnes Group's shares. Their B share price forecasts range from $36.00 to $48.00. On average, they expect the company's stock price to reach $40.33 in the next year. This suggests that the stock has a possible downside of 3.7%.
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Barnes Group's stock was trading at $40.85 at the beginning of the year. Since then, B stock has increased by 2.5% and is now trading at $41.87.
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Barnes Group saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 575,800 shares, a decline of 13.6% from the April 30th total of 666,700 shares. Based on an average daily trading volume, of 205,600 shares, the short-interest ratio is presently 2.8 days. Currently, 1.2% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
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Barnes Group Inc. (NYSE:B) announced its quarterly earnings data on Thursday, April, 27th. The industrial products company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.08. The industrial products company earned $335.40 million during the quarter, compared to analysts' expectations of $312.91 million. Barnes Group had a net margin of 0.48% and a trailing twelve-month return on equity of 7.94%. Barnes Group's revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.41 EPS.

Barnes Group declared a quarterly dividend on Friday, May 5th. Stockholders of record on Thursday, May 25th will be paid a dividend of $0.16 per share on Friday, June 9th. This represents a $0.64 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Wednesday, May 24th.
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), iShares S&P Small-Cap 600 Value ETF (IJS), SPDR S&P 600 Small CapValue ETF (SLYV), Vanguard S&P Small-Cap 600 Value ETF (VIOV), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), Dimensional US Small Cap Value ETF (DFSV) and Timothy Plan US Small Cap Core ETF (TPSC).

Barnes Group (NYSE:B) pays an annual dividend of $0.64 per share and currently has a dividend yield of 1.54%. The dividend payout ratio is 581.82%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, B will have a dividend payout ratio of 25.30% 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 Thursday, April, 27th. The company provided EPS guidance of $2.15-$2.30 for the period, compared to the consensus earnings per share estimate of $2.11. 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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.90%), Dimensional Fund Advisors LP (6.83%), Macquarie Group Ltd. (5.38%), Bank of America Corp DE (5.28%), State Street Corp (3.93%) and Champlain Investment Partners LLC (3.44%). Insiders that own company stock include Christopher J Stephens, Dawn N Edwards, 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 $41.87.

Barnes Group (NYSE:B) has a market capitalization of $2.12 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 $0.11 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.