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About Barnes Group (NYSE:B)
Barnes Group Inc. operates as an industrial and aerospace manufacturer, and service provider in the United States and internationally. Its Industrial segment offers precision components, products, and systems for applications serving various customers in end-markets, such as transportation, industrial equipment, consumer products, packaging, electronics, medical devices, and energy. This segment also manufactures and supplies precision mechanical products, including mechanical springs, high-precision punched and fine-blanked components, and retention rings; force and motion solutions for sheet metal forming, heavy duty suspension, and other markets; and hot runner systems, mold cavity sensors and process control systems, and precision high cavitation mold for injection molding applications. The company's Aerospace segment produces fabricated and precision-machined components and assemblies for original equipment manufacturer turbine engine, airframe, and industrial gas turbine builders, as well as for the military. It also offers maintenance, repair, and overhaul services for jet engine components to turbine engine manufacturers, commercial airlines, and the military. In addition, this segment manufactures aerospace aftermarket spare parts. The company sells its products primarily through its direct sales force and distribution channels. Barnes Group Inc. was founded in 1857 and is headquartered in Bristol, Connecticut.
Industry, Sector and Symbol
Industry Miscellaneous fabricated metal products
Sub-IndustryIndustrial Machinery
SectorIndustrial Products
SymbolNYSE:B
CUSIP06780610
Phone860-583-7070
Debt
Debt-to-Equity Ratio0.39
Current Ratio2.27
Quick Ratio1.56
Price-To-Earnings
Trailing P/E Ratio21.60
Forward P/E Ratio20.09
P/E Growth1.96
Sales & Book Value
Annual Sales$1.44 billion
Price / Sales2.28
Cash Flow$4.7225 per share
Price / Cash13.19
Book Value$23.51 per share
Price / Book2.65
Profitability
EPS (Most Recent Fiscal Year)$2.88
Net Income$59.41 million
Net Margins4.12%
Return on Equity12.17%
Return on Assets6.70%
Miscellaneous
Employees5,375
Outstanding Shares52,590,000
Barnes Group (NYSE:B) Frequently Asked Questions
What is Barnes Group's stock symbol?
Barnes Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "B."
How often does Barnes Group pay dividends? What is the dividend yield for Barnes Group?
Barnes Group declared a quarterly dividend on Friday, May 4th. Shareholders of record on Friday, May 25th will be given a dividend of $0.16 per share on Friday, June 8th. This represents a $0.64 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, May 24th. This is a boost from Barnes Group's previous quarterly dividend of $0.14. View Barnes Group's Dividend History.
How were Barnes Group's earnings last quarter?
Barnes Group (NYSE:B) announced its earnings results on Friday, April, 27th. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.68 by $0.04. The industrial products company had revenue of $366.70 million for the quarter, compared to analyst estimates of $362.71 million. Barnes Group had a net margin of 4.12% and a return on equity of 12.17%. The firm's revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 EPS. View Barnes Group's Earnings History.
When is Barnes Group's next earnings date?
What guidance has Barnes Group issued on next quarter's earnings?
Barnes Group updated its FY18 earnings guidance on Friday, April, 27th. The company provided EPS guidance of $3.03-3.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.04. The company issued revenue guidance of +5-6% YoY to ~$1.50-1.52 billion, compared to the consensus revenue estimate of $1.51 billion.
What price target have analysts set for B?
6 brokerages have issued 12 month target prices for Barnes Group's shares. Their forecasts range from $63.00 to $70.00. On average, they expect Barnes Group's stock price to reach $66.3333 in the next year. View Analyst Ratings for Barnes Group.
Who are some of Barnes Group's key competitors?
Who are Barnes Group's key executives?
Barnes Group's management team includes the folowing people:
- Mr. Patrick J. Dempsey, Pres, CEO & Director (Age 54)
- Mr. Christopher J. Stephens Jr., Sr. VP of Fin. & CFO (Age 53)
- Mr. Scott A. Mayo, Sr. VP (Age 50)
- Mr. Michael Andrew Beck, Sr. VP (Age 58)
- Ms. Marian Acker, Principal Accounting Officer, VP & Controller (Age 56)
Has Barnes Group been receiving favorable news coverage?
News articles about B stock have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Barnes Group earned a daily sentiment score of 0.00 on Accern's scale. They also gave media stories about the industrial products company an impact score of 47.19 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are Barnes Group's major shareholders?
Barnes Group's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (12.21%), Dimensional Fund Advisors LP (6.32%), Wasatch Advisors Inc. (4.08%), Northern Trust Corp (3.14%), Barrow Hanley Mewhinney & Strauss LLC (1.62%) and Rothschild Asset Management Inc. (1.23%). Company insiders that own Barnes Group stock include Christopher J Stephens, Dawn N Edwards, Gary G Benanav, Hassell H Mcclellan, Marian Acker, Matthew Oliver Lennox-King, 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 Sei Investments Co., Victory Capital Management Inc., Foundry Partners LLC, UBS Group AG, Dimensional Fund Advisors LP, Tiverton Asset Management LLC, Eagle Asset Management Inc. and RMB Capital Management LLC. Company insiders that have sold Barnes Group company stock in the last year include Christopher J Stephens, Hassell H Mcclellan, Marian Acker and Thomas O Barnes. View Insider Buying and Selling for Barnes Group.
Which major investors are buying Barnes Group stock?
B stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Wasatch Advisors Inc., Hsbc Holdings PLC, Barclays PLC, Federated Investors Inc. PA, JPMorgan Chase & Co., Russell Investments Group Ltd. and WBI Investments Inc.. Company insiders that have bought Barnes Group stock in the last two years include Gary G Benanav, Matthew Oliver Lennox-King, Mylle H Mangum and Richard J Hipple. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Barnes Group's stock price today?
One share of B stock can currently be purchased for approximately $62.29.
How big of a company is Barnes Group?
Barnes Group has a market capitalization of $3.20 billion and generates $1.44 billion in revenue each year. The industrial products company earns $59.41 million in net income (profit) each year or $2.88 on an earnings per share basis. Barnes Group employs 5,375 workers across the globe.
How can I contact Barnes Group?
Barnes Group's mailing address is 123 MAIN STREET, BRISTOL CT, 06010. The industrial products company can be reached via phone at 860-583-7070 or via email at [email protected]
MarketBeat Community Rating for Barnes Group (B)
MarketBeat's community ratings are surveys of what our community members think about Barnes Group and other stocks. Vote "Outperform" if you believe B will outperform the S&P 500 over the long term. Vote "Underperform" if you believe B will underperform the S&P 500 over the long term. You may vote once every thirty days.
Barnes Group (NYSE:B) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
6 Wall Street analysts have issued ratings and price targets for Barnes Group in the last 12 months. Their average twelve-month price target is $66.3333, suggesting that the stock has a possible upside of 6.49%. The high price target for B is $70.00 and the low price target for B is $63.00. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.50 | 2.50 | 2.50 | 2.50 |
| Ratings Breakdown: | 0 Sell Rating(s)
3 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $66.3333 | $67.00 | $67.00 | $65.60 |
| Price Target Upside: | 6.49% upside | 2.38% upside | 2.38% upside | 1.96% downside |
Barnes Group (NYSE:B) Consensus Price Target History
Barnes Group (NYSE:B) Analyst Ratings History
Show:
(Data available from 5/22/2016 forward)
Barnes Group (NYSE:B) Dividend Information
Barnes Group pays an annual dividend of $0.56 per share, with a dividend yield of 0.90%. B's next quarterly dividend payment will be made on Friday, June 8. The company has grown its dividend for the last 5 consecutive years and is increasing its dividend by an average of 6.90% each year. Barnes Group pays out 19.44% of its earnings out as a dividend.
| Next Dividend: | 6/8/2018 |
| Annual Dividend: | $0.56 |
| Dividend Yield: | 0.90% |
| Dividend Growth: | 6.90% (3 Year Average) |
| Payout Ratio(s): | 19.44% (Trailing 12 Months of Earnings)
18.06% (Based on This Year's Estimates)
16.47% (Based on Next Year's Estimates)
11.86% (Based on Cash Flow)
|
| Track Record: | 5 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Barnes Group (NYSE:B) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/4/2018 | quarterly | $0.16 | 1.21% | 5/24/2018 | 5/25/2018 | 6/8/2018 |
| 2/9/2018 | quarterly | $0.14 | 0.94% | 2/22/2018 | 2/23/2018 | 3/9/2018 |
| 10/20/2017 | quarterly | $0.14 | 0.79% | 11/21/2017 | 11/22/2017 | 12/8/2017 |
| 7/20/2017 | quarterly | $0.14 | 0.92% | 8/22/2017 | 8/24/2017 | 9/8/2017 |
| 5/5/2017 | quarterly | $0.14 | 1.01% | 5/23/2017 | 5/25/2017 | 6/9/2017 |
| 2/8/2017 | quarterly | $0.13 | 1.08% | 2/22/2017 | 2/24/2017 | 3/10/2017 |
| 10/14/2016 | quarterly | $0.13 | 1.34% | 11/21/2016 | 11/23/2016 | 12/8/2016 |
| 7/14/2016 | quarterly | $0.13 | 1.42% | 8/23/2016 | 8/25/2016 | 9/9/2016 |
| 5/6/2016 | quarterly | $0.13 | 1.55% | 5/24/2016 | 5/26/2016 | 6/10/2016 |
| 2/11/2016 | quarterly | $0.12 | 1.56% | 2/23/2016 | 2/25/2016 | 3/10/2016 |
| 10/19/2015 | quarterly | $0.12 | 1.26% | 11/23/2015 | 11/25/2015 | 12/10/2015 |
| 7/16/2015 | quarterly | $0.12 | 1.23% | 8/25/2015 | 8/27/2015 | 9/10/2015 |
| 5/11/2015 | quarterly | $0.12 | 1.21% | 5/26/2015 | 5/28/2015 | 6/10/2015 |
| 2/11/2015 | quarterly | $0.12 | 1.3% | 2/24/2015 | 2/26/2015 | 3/10/2015 |
| 10/17/2014 | quarterly | $0.12 | 1.45% | 11/24/2014 | 11/26/2014 | 12/10/2014 |
| 7/22/2014 | quarterly | $0.11 | 1.16% | 8/26/2014 | 8/28/2014 | 9/10/2014 |
| 5/9/2014 | quarterly | $0.11 | 1.14% | 5/27/2014 | 5/29/2014 | 6/10/2014 |
| 2/12/2014 | quarterly | $0.11 | 1.18% | 2/25/2014 | 2/27/2014 | 3/10/2014 |
| 10/18/2013 | quarterly | $0.11 | 1.17% | 11/25/2013 | 11/27/2013 | 12/10/2013 |
| 7/23/2013 | quarterly | $0.11 | 1.34% | 8/23/2013 | 8/27/2013 | 9/10/2013 |
| 5/3/2013 | quarterly | $0.10 | 1.4% | 5/24/2013 | 5/29/2013 | 6/10/2013 |
| 2/13/2013 | quarterly | $0.10 | 1.6% | 2/26/2013 | 2/28/2013 | 3/11/2013 |
(Data available from 1/1/2013 forward)
Barnes Group (NYSE B) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 7.93%
Institutional Ownership Percentage: 86.75%
Barnes Group (NYSE B) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/14/2018 | Thomas O. Barnes | Director | Sell | 2,000 | $59.14 | $118,280.00 | |  |
| 5/4/2018 | Richard J. Hipple | Director | Buy | 500 | $53.55 | $26,775.00 | | |
| 3/9/2018 | Gary G. Benanav | Director | Buy | 29 | $62.37 | $1,808.73 | | |
| 2/23/2018 | Thomas O. Barnes | Director | Sell | 1,700 | $63.36 | $107,712.00 | | |
| 2/21/2018 | Marian Acker | VP | Sell | 7,860 | $63.12 | $496,123.20 | | |
| 2/21/2018 | Richard J. Hipple | Director | Buy | 1,300 | $62.06 | $80,678.00 | | |
| 12/8/2017 | Gary G. Benanav | Director | Buy | 28 | $65.03 | $1,820.84 | | |
| 11/8/2017 | Christopher J. Stephens | SVP | Sell | 15,700 | $63.53 | $997,421.00 | | |
| 11/3/2017 | Thomas O. Barnes | Director | Sell | 1,500 | $66.36 | $99,540.00 | | |
| 9/8/2017 | Gary G. Benanav | Director | Buy | 26 | $63.28 | $1,645.28 | | |
| 8/30/2017 | Thomas O. Barnes | Director | Sell | 755 | $61.22 | $46,221.10 | | |
| 8/10/2017 | Thomas O. Barnes | Director | Sell | 2,000 | $59.93 | $119,860.00 | | |
| 8/2/2017 | Marian Acker | VP | Sell | 6,000 | $60.38 | $362,280.00 | | |
| 6/9/2017 | Mylle H. Mangum | Director | Buy | 28 | $59.89 | $1,676.92 | | |
| 5/26/2017 | Hassell H. Mcclellan | Director | Sell | 2,000 | $56.00 | $112,000.00 | | |
| 5/25/2017 | Thomas O. Barnes | Director | Sell | 1,000 | $56.06 | $56,060.00 | | |
| 5/5/2017 | Dawn N. Edwards | SVP | Sell | 6,150 | $55.30 | $340,095.00 | | |
| 5/4/2017 | Thomas O. Barnes | Director | Sell | 2,500 | $54.56 | $136,400.00 | | |
| 5/3/2017 | Mylle H. Mangum | Director | Sell | 3,000 | $53.91 | $161,730.00 | | |
| 5/2/2017 | Christopher J. Stephens | SVP | Sell | 13,600 | $54.88 | $746,368.00 | | |
| 3/13/2017 | Mylle H. Mangum | Director | Buy | 31 | $49.57 | $1,536.67 | | |
| 2/28/2017 | Gary G. Benanav | Director | Sell | 12,735 | $49.97 | $636,367.95 | | |
| 2/23/2017 | Thomas O. Barnes | Director | Sell | 12,577 | $50.14 | $630,610.78 | | |
| 11/30/2016 | Dawn N. Edwards | SVP | Sell | 9,701 | $46.20 | $448,186.20 | | |
| 11/28/2016 | Marian Acker | VP | Sell | 6,000 | $46.51 | $279,060.00 | | |
| 11/28/2016 | Thomas O. Barnes | Director | Sell | 222 | $46.62 | $10,349.64 | | |
| 11/22/2016 | Christopher J. Stephens | SVP | Sell | 10,000 | $46.22 | $462,200.00 | | |
| 11/22/2016 | Patrick Dempsey | Insider | Sell | 50,621 | $46.20 | $2,338,690.20 | | |
| 11/10/2016 | Thomas O. Barnes | Director | Sell | 3,000 | $41.45 | $124,350.00 | | |
| 9/16/2016 | Christopher J. Stephens | SVP | Sell | 23,039 | $38.76 | $892,991.64 | | |
| 8/29/2016 | Thomas O. Barnes | Director | Sell | 730 | $41.46 | $30,265.80 | | |
| 8/19/2016 | Gary G. Benanav | Director | Sell | 9,901 | $41.51 | $410,990.51 | | |
| 8/10/2016 | Dawn N. Edwards | SVP | Sell | 5,700 | $40.24 | $229,368.00 | | |
| 6/7/2016 | Matthew Oliver Lennox-King | Director | Buy | 2,000 | $0.24 | $480.00 | | |
| 5/27/2016 | Thomas O Barnes | Director | Sell | 350 | $33.15 | $11,602.50 | 358,730 | |
| 5/23/2016 | Hassell H Mcclellan | Director | Sell | 4,400 | $32.98 | $145,112.00 | 17,213 | |
| 5/20/2016 | Thomas O Barnes | Director | Sell | 3,000 | $33.00 | $99,000.00 | 361,312 | |
| 2/26/2016 | Thomas O. Barnes | Director | Sell | 1,655 | $34.70 | $57,428.50 | | |
| 12/15/2015 | Deborah Goldbloom | Director | Sell | 61,000 | $0.05 | $3,050.00 | | |
| 11/20/2015 | Thomas O. Barnes | Director | Sell | 3,500 | $38.15 | $133,525.00 | 359,731 | |
| 10/22/2015 | Deborah Goldbloom | Director | Sell | 482,000 | $0.05 | $24,100.00 | | |
| 9/21/2015 | Dale Bernard Mcclanaghan | Director | Sell | 486,000 | $0.05 | $24,300.00 | | |
| 9/10/2015 | Dale Bernard Mcclanaghan | Director | Sell | 395,000 | $0.05 | $19,750.00 | | |
| 8/25/2015 | Hassell H Mcclellan | Director | Buy | 450 | $38.04 | $17,118.00 | 18,900 | |
| 4/28/2015 | Mylle H Mangum | Director | Sell | 2,500 | $41.00 | $102,500.00 | | |
| 2/26/2015 | Thomas O Barnes | Director | Sell | 4,055 | $39.94 | $161,956.70 | | |
| 2/25/2015 | Marian Acker | VP | Sell | 4,299 | $40.36 | $173,507.64 | | |
| 2/24/2015 | Mylle H Mangum | Director | Sell | 2,500 | $39.85 | $99,625.00 | | |
| 2/24/2015 | Patrick Dempsey | CEO | Sell | 126,466 | $39.83 | $5,037,140.78 | | |
| 11/25/2014 | Dawn N Edwards | SVP | Sell | 12,000 | $37.27 | $447,240.00 | | |
| 11/24/2014 | Patrick Dempsey | CEO | Sell | 15,000 | $37.25 | $558,750.00 | | |
| 11/21/2014 | Christopher J Stephens | CFO | Sell | 10,100 | $37.17 | $375,417.00 | | |
| 10/30/2014 | Thomas O Barnes | Director | Sell | 2,000 | $36.12 | $72,240.00 | | |
| 10/29/2014 | Mylle H Mangum | Director | Sell | 3,000 | $35.77 | $107,310.00 | | |
| 8/25/2014 | Richard R Barnhart | SVP | Sell | 7,100 | $34.61 | $245,731.00 | | |
| 8/18/2014 | Christopher J Stephens | CFO | Sell | 10,074 | $34.78 | $350,373.72 | | |
| 7/29/2014 | Mylle H Mangum | Director | Sell | 5,000 | $35.61 | $178,050.00 | | |
| 5/2/2014 | Dawn Edwards | SVP | Sell | 8,300 | $38.24 | $317,392.00 | 61,966 | |
| 2/27/2014 | Marian Acker | VP | Sell | 7,400 | $37.78 | $279,572.00 | 47,503 | |
| 2/26/2014 | Thomas Barnes | Director | Sell | 2,000 | $37.53 | $75,060.00 | 382,332 | |
| 2/25/2014 | Mylle Mangum | Director | Sell | 10,000 | $36.85 | $368,500.00 | 12,958 | |
| 11/21/2013 | Mylle Mangum | Director | Sell | 1,000 | $35.81 | $35,810.00 | 20,877 | |
| 11/8/2013 | Thomas Barnes | Director | Sell | 7,952 | $36.59 | $290,963.68 | 383,520 | |
| 11/7/2013 | Mylle Mangum | Director | Sell | 4,500 | $36.00 | $162,000.00 | 21,877 | |
| 2/26/2013 | Mylle H Mangum | Director | Sell | 6,000 | $25.93 | $155,580.00 | | |
| 11/13/2012 | Gary G Benanav | Director | Sell | 34,830 | $20.70 | $720,981.00 | | |
(Data available from 1/1/2013 forward)
Barnes Group (NYSE B) News Headlines
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Barnes Group (NYSE:B) SEC Filings
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Barnes Group (NYSE:B) Income Statement, Balance Sheet and Cash Flow Statement
Barnes Group (NYSE B) Stock Chart for Tuesday, May, 22, 2018
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