Barnes Group (B) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Barnes Group in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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 Wall Street research analysts have issued 1-year price objectives for Barnes Group's stock. Their B share price forecasts range from $36.00 to $48.00. On average, they anticipate the company's stock price to reach $40.33 in the next year. This suggests a possible upside of 1.4% 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 shares have decreased by 2.6% and is now trading at $39.78.
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Barnes Group saw a decrease in short interest in May. As of May 15th, there was short interest totaling 575,800 shares, a decrease of 13.6% from the April 30th total of 666,700 shares. Based on an average daily volume of 205,600 shares, the days-to-cover ratio is currently 2.8 days. Approximately 1.2% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
View our B earnings forecast.

Barnes Group Inc. (NYSE:B) announced its quarterly earnings data on Thursday, April, 27th. The industrial products company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.08. The industrial products company earned $335.40 million during the quarter, compared to analyst estimates of $312.91 million. Barnes Group had a trailing twelve-month return on equity of 7.94% and a net margin of 0.48%. The company's revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 EPS.

Barnes Group announced a quarterly dividend on Friday, May 5th. Shareholders 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 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend 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 1.60%. 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 earnings per share guidance of $2.15-$2.30 for the period, compared to the consensus EPS 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 $39.78.

Barnes Group (NYSE:B) has a market capitalization of $2.01 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.