NYSE:BBarnes Group Stock Price, Forecast & News

$38.54

+0.76 (+2.01 %)

(As of 06/1/2020 04:00 PM ET)

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Today's Range

$37.62

Now: $38.54▼

$39.42

50-Day Range

$32.66

MA: $37.31▼

$42.53

52-Week Range

$30.22

Now: $38.54▼

$68.60

Volume225,676 shs

Average Volume263,001 shs

Market Capitalization$1.94 billion

P/E Ratio12.85

Dividend Yield1.69%

Beta1.14

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, automation, personal care, packaging, electronics, and medical devices. It 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, this segment manufactures and supplies precision mechanical products, including mechanical springs, high-precision punched and fine-blanked components, and retention rings for use in transportation and industrial applications. It sells its products primarily through its direct sales force and distribution channels. Its Aerospace segment produces fabricated and precision machined components and assemblies for commercial and military aircraft turbine engines, nacelles, and structures; 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 headquartered in Bristol, Connecticut.

Beat the Market (BTM) Rank^™

3.0 Analyst's Opinion

Consensus Rating
Barnes Group has received a consensus rating of Hold. The company's average rating score is 2.08, and is based on 4 buy ratings, 5 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $45.67, Barnes Group has a potential upside of 18.5% from its current price of $38.54.
Amount of Analyst Coverage
Barnes Group has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.2 Community Rank

Outperform Votes
Barnes Group has received 358 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Barnes Group has received 444 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Barnes Group has received 55.36% “underperform” votes from our community.

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.

4.2 Dividend Strength

Dividend Leadership
Barnes Group is a leading dividend payer. It pays a dividend yield of 1.69%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Barnes Group has been increasing its dividend for 7 years.
Dividend Coverage
The dividend payout ratio of Barnes Group is 19.94 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Barnes Group will have a dividend payout ratio of 28.44 % next year. This indicates that Barnes Group will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Barnes Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought $2,063.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 8.37% of the stock of Barnes Group is held by insiders.
Percentage Held by Institutions
87.05% of the stock of Barnes Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Barnes Group are expected to grow by 28.57% in the coming year, from $1.75 to $2.25 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Barnes Group is 12.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.51.
Price to Earnings Ratio vs. Sector
The P/E ratio of Barnes Group is 12.85, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 19.54.
Price to Earnings Growth Ratio
Barnes Group has a PEG Ratio of 2.16. 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 1.54. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.18 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Miscellaneous fabricated metal products

Sub-IndustryIndustrial Machinery

SectorIndustrial Products

Current SymbolNYSE:B

Previous Symbol

CUSIP06780610

CIK9984

Webwww.barnesgroupinc.com

Phone860-583-7070

Debt

Debt-to-Equity Ratio0.63

Current Ratio2.15

Quick Ratio1.47

Price-To-Earnings

Trailing P/E Ratio12.85

Forward P/E Ratio22.02

P/E Growth2.16

Sales & Book Value

Annual Sales$1.49 billion

Price / Sales1.30

Cash Flow$5.32 per share

Price / Cash Flow7.24

Book Value$25.05 per share

Price / Book1.54

Profitability

EPS (Most Recent Fiscal Year)$3.21

Net Income$158.35 million

Net Margins10.66%

Return on Equity13.36%

Return on Assets6.05%

Miscellaneous

Employees5,749

Outstanding Shares50,442,000

Market Cap$1.94 billion

Next Earnings Date7/28/2020 (Confirmed)

OptionableOptionable

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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 13.9% and is now trading at $38.54. View which stocks have been most impacted by Coronavirus.

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

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Barnes Group in the last year. There are currently 3 sell ratings, 5 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 Tuesday, July 28th 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 Tuesday, July 28th 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) posted its quarterly earnings data on Friday, April, 24th. The industrial products company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.19. The industrial products company earned $331 million during the quarter, compared to analyst estimates of $313.44 million. Barnes Group had a net margin of 10.66% and a return on equity of 13.36%. Barnes Group's revenue for the quarter was down 12.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.71 earnings per share. 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, May 11th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.16 per share on Wednesday, June 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Thursday, May 21st. View Barnes Group's dividend history.

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

Barnes Group updated its second quarter earnings guidance on Friday, April, 24th. The company provided earnings per share (EPS) guidance of $0.20-0.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.29.

What price target have analysts set for B?

12 Wall Street analysts have issued twelve-month target prices for Barnes Group's stock. Their forecasts range from $9.00 to $68.00. On average, they anticipate Barnes Group's share price to reach $45.67 in the next year. This suggests a possible upside of 18.5% from the stock's current price. View analysts' price targets for Barnes Group.

Has Barnes Group been receiving favorable news coverage?

Media stories about B stock have been trending very positive this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Barnes Group earned a media sentiment score of 3.5 on InfoTrie's scale. They also gave press coverage about the industrial products company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutBarnes Group.

Are investors shorting Barnes Group?

Barnes Group saw a increase in short interest in April. As of April 30th, there was short interest totaling 724,100 shares, an increase of 23.3% from the April 15th total of 587,500 shares. Based on an average daily trading volume, of 263,000 shares, the short-interest ratio is presently 2.8 days. Currently, 1.6% of the shares of the stock are short sold. View Barnes Group's Current Options Chain.

Who are some of Barnes Group's key competitors?

Some companies that are related to Barnes Group include Illinois Tool Works (ITW), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Dover (DOV), IDEX (IEX), Xylem (XYL), Ingersoll-Rand (IR), Nordson (NDSN), Graco (GGG), Snap-on (SNA), Pentair (PNR), Donaldson (DCI), Gardner Denver (GDI), ITT (ITT) and Lincoln Electric (LECO). View all 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), ALJ Regional (ALJJ), Apollo Commercial Real Est. Finance (ARI) 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 55)
Mr. Christopher J. Stephens Jr., Sr. VP of Fin. & CFO (Age 54)
Ms. Dawn N. Edwards, Sr. VP of HR (Age 50)
Mr. Michael Andrew Beck, Sr. VP (Age 59)
Ms. Marian Acker, Principal Accounting Officer, VP & Controller (Age 57)

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 investors include BlackRock Inc. (13.92%), Wasatch Advisors Inc. (9.54%), Champlain Investment Partners LLC (3.85%), State Street Corp (3.02%), Bank of New York Mellon Corp (1.38%) and Channing Capital Management LLC (1.35%). 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 BlackRock Inc., Morgan Stanley, Morgan Stanley, Wellington Management Group LLP, Fisher Asset Management LLC, King Luther Capital Management Corp, UBS Group AG, and Citigroup Inc.. Company insiders that have sold Barnes Group company stock in the last year include Christopher J Stephens, Hassell H Mcclellan, Marian Acker, Mylle H Mangum, 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 bought by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., Champlain Investment Partners LLC, State Street Corp, Channing Capital Management LLC, Foundry Partners LLC, Geode Capital Management LLC, Franklin Resources Inc., and JPMorgan Chase & Co.. 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 $38.54.

How big of a company is Barnes Group?

Barnes Group has a market capitalization of $1.94 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 6/1/2020 by MarketBeat.com Staff