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.
View B analyst ratings or view top-rated stocks.

3 analysts have issued twelve-month target prices for Barnes Group's shares. Their B share price forecasts range from $33.00 to $55.00. On average, they anticipate the company's share price to reach $41.50 in the next year. This suggests a possible upside of 16.8% 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 on January 1st, 2022. Since then, B stock has decreased by 23.7% and is now trading at $35.53.
View the best growth stocks for 2022 here.

Barnes Group saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 687,000 shares, an increase of 7.5% from the July 15th total of 638,800 shares. Based on an average daily trading volume, of 237,900 shares, the short-interest ratio is presently 2.9 days. Approximately 1.4% of the company's stock are sold short.
View Barnes Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our B earnings forecast.

Barnes Group Inc. (NYSE:B) issued its quarterly earnings data on Friday, July, 29th. The industrial products company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.48 by $0.08. The industrial products company earned $321 million during 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%. The firm's revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the company earned $0.45 EPS.

Barnes Group declared a quarterly dividend on Monday, July 18th. Stockholders of record on Thursday, August 25th will be given a dividend of $0.16 per share on Friday, September 9th. This represents a $0.64 annualized dividend and a yield of 1.80%. The ex-dividend date 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 1.82%. 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 issued an update on its FY 2022 earnings guidance on Friday, August, 5th. The company provided earnings per share (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 number 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.
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.
Compare Top Brokerages Here.

One share of B stock can currently be purchased for approximately $35.53.

Barnes Group (NYSE:B) has a market capitalization of $1.79 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 was founded in 1857.

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.