Barnes Group - B Stock Forecast, Price & News

3 Wall Street 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 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 brokers have issued twelve-month price objectives for Barnes Group's shares. Their B share price forecasts range from $33.00 to $55.00. On average, they predict the company's stock price to reach $41.50 in the next twelve months. This suggests a possible upside of 45.6% from the stock's current price.
View analysts price targets for B or view top-rated stocks among Wall Street analysts.

Barnes Group's stock was trading at $46.59 at the beginning of 2022. Since then, B shares have decreased by 38.8% and is now trading at $28.51.
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Barnes Group saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 783,100 shares, an increase of 45.7% from the August 31st total of 537,400 shares. Based on an average daily volume of 202,000 shares, the short-interest ratio is currently 3.9 days. Currently, 1.6% of the shares of the company are short sold.
View Barnes Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, October 28th 2022.
View our B earnings forecast.

Barnes Group will be holding an earnings conference call on Friday, October 28th 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 earnings results on Friday, July, 29th. The industrial products company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.48 by $0.08. The industrial products company had revenue of $321 million for the quarter, compared to analyst estimates of $329.09 million. Barnes Group had a net margin of 2.91% and a trailing twelve-month return on equity of 7.57%. Barnes Group's quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the business posted $0.45 earnings per share.

Barnes Group announced a quarterly dividend on Monday, July 18th. Stockholders of record on Thursday, August 25th will be paid a dividend of $0.16 per share on Friday, September 9th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Wednesday, August 24th.
Read our dividend analysis for B.

Barnes Group (NYSE:B) pays an annual dividend of $0.64 per share and currently has a dividend yield of 2.27%. The dividend payout ratio is 88.89%. 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 27.95% 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 2022 earnings guidance on Friday, August, 5th. The company provided EPS guidance of $1.90-$2.05 for the period, compared to the consensus EPS 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 a variety of institutional and retail investors. Top institutional shareholders include Macquarie Group Ltd. (5.29%), State Street Corp (3.50%), Thrivent Financial for Lutherans (2.40%), Aristotle Capital Boston LLC (2.21%), Northern Trust Corp (1.28%) and Geneva Capital Management LLC (1.24%). Insiders that own company stock include Christopher J Stephens, Dawn N Edwards, Dawn N Edwards, Hassell H Mcclellan, James C Pelletier, Marian Acker, Michael Andrew Beck, Mylle H Mangum, Mylle H Mangum, Patrick Dempsey and Thomas O Barnes.
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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 $28.51.

Barnes Group (NYSE:B) has a market capitalization of $1.44 billion and generates $1.26 billion in revenue each year. The industrial products company earns $99.87 million in net income (profit) each year or $0.72 on an earnings per share basis.

The company employs 5,100 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.