Barnes Group - B Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Barnes Group in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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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4 Wall Street analysts have issued 12-month price objectives for Barnes Group's shares. Their B share price forecasts range from $36.00 to $48.00. On average, they predict the company's stock price to reach $41.50 in the next twelve months. This suggests a possible upside of 8.2% 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 6.1% and is now trading at $38.34.
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Barnes Group saw a decrease in short interest in the month of February. As of February 28th, there was short interest totaling 609,900 shares, a decrease of 16.2% from the February 13th total of 727,900 shares. Based on an average trading volume of 201,600 shares, the short-interest ratio is presently 3.0 days. Approximately 1.3% of the company's shares are sold short.
View Barnes Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our B earnings forecast.

Barnes Group will be holding an earnings conference call on Thursday, April 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) announced its quarterly earnings data on Friday, February, 17th. The industrial products company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.04. The industrial products company had revenue of $313.50 million for the quarter, compared to analyst estimates of $322.70 million. Barnes Group had a trailing twelve-month return on equity of 7.62% and a net margin of 1.07%. The firm's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 earnings per share.

Barnes Group announced a quarterly dividend on Friday, February 10th. Stockholders of record on Thursday, February 23rd will be given a dividend of $0.16 per share on Friday, March 10th. This represents a $0.64 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Wednesday, February 22nd.
Read our dividend analysis for B.

ETFs with the largest weight of Barnes Group (NYSE:B) stock in their portfolio include VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Invesco S&P SmallCap Industrials ETF (PSCI), Thrivent Small-Mid Cap ESG ETF (TSME), Distillate Small/Mid Cash Flow ETF (DSMC), 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) and WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS).

Barnes Group (NYSE:B) pays an annual dividend of $0.64 per share and currently has a dividend yield of 1.68%. The dividend payout ratio is 256.00%. 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 25.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for B.

Barnes Group updated its FY 2023 earnings guidance on Monday, February, 20th. The company provided earnings per share (EPS) guidance of $2.10-$2.30 for the period, compared to the consensus earnings per share estimate of $2.16. 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 many different institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (6.68%), Bank of America Corp DE (5.35%), Macquarie Group Ltd. (5.33%), Thrivent Financial for Lutherans (2.71%), Geode Capital Management LLC (2.02%) and Aristotle Capital Boston LLC (1.97%). 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, Richard J Hipple and Thomas J Hook.
View institutional ownership trends.

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 $38.34.

Barnes Group (NYSE:B) has a market capitalization of $1.94 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 $0.25 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.