Barnes Group - B Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Barnes Group in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street 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 12 month target prices for Barnes Group's shares. Their B share price forecasts range from $29.00 to $42.00. On average, they predict the company's stock price to reach $35.67 in the next twelve months. This suggests that the stock has a possible downside of 11.8%.
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Barnes Group's stock was trading at $46.59 at the beginning of 2022. Since then, B stock has decreased by 13.2% and is now trading at $40.44.
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Barnes Group saw a increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,260,000 shares, an increase of 37.6% from the September 30th total of 915,800 shares. Based on an average trading volume of 229,100 shares, the days-to-cover ratio is presently 5.5 days. Currently, 2.6% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Friday, February 17th 2023.
View our B earnings forecast.

Barnes Group Inc. (NYSE:B) announced its quarterly earnings results on Friday, October, 28th. The industrial products company reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. The industrial products company had revenue of $314.70 million for the quarter, compared to analysts' expectations of $324.93 million. Barnes Group had a trailing twelve-month return on equity of 7.61% and a net margin of 2.07%. Barnes Group's revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 earnings per share.

Barnes Group announced a quarterly dividend on Friday, October 14th. Investors of record on Tuesday, November 22nd will be given a dividend of $0.16 per share on Friday, December 9th. This represents a $0.64 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Monday, November 21st.
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 1.59%. The dividend payout ratio is 128.00%. 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 29.63% 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 Sunday, November, 6th. The company provided EPS guidance of $1.90-$2.00 for the period, compared to the consensus estimate of $1.96. 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 retail and institutional investors. Top institutional investors include BlackRock Inc. (15.38%), Vanguard Group Inc. (10.60%), Dimensional Fund Advisors LP (6.40%), Macquarie Group Ltd. (5.28%), State Street Corp (3.65%) and Thrivent Financial for Lutherans (2.55%). 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, Thomas J Hook 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 $40.44.

Barnes Group (NYSE:B) has a market capitalization of $2.05 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 $0.50 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.