Barnes Group (B) Stock Price, News & Analysis

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Barnes Group in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" B shares.
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3 Wall Street analysts have issued twelve-month price targets for Barnes Group's shares. Their B share price targets range from $34.00 to $45.00. On average, they anticipate the company's share price to reach $40.67 in the next year. This suggests a possible upside of 12.7% from the stock's current price.
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Barnes Group's stock was trading at $32.63 on January 1st, 2024. Since then, B shares have increased by 10.6% and is now trading at $36.10.
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Barnes Group saw a decrease in short interest during the month of March. As of March 15th, there was short interest totaling 1,020,000 shares, a decrease of 6.4% from the February 29th total of 1,090,000 shares. Based on an average daily trading volume, of 331,500 shares, the days-to-cover ratio is currently 3.1 days. Currently, 2.1% 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, April 26th 2024.
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Barnes Group will be holding an earnings conference call on Friday, April 26th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 609-800-9909 with passcode "1137078".

Barnes Group Inc. (NYSE:B) announced its quarterly earnings results on Friday, February, 16th. The industrial products company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.06. The industrial products company earned $415.50 million during the quarter, compared to the consensus estimate of $420.47 million. Barnes Group had a net margin of 1.10% and a trailing twelve-month return on equity of 6.20%. The firm's quarterly revenue was up 32.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 EPS.

Barnes Group announced a quarterly dividend on Friday, February 9th. Shareholders of record on Thursday, February 22nd will be paid a dividend of $0.16 per share on Friday, March 8th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Wednesday, February 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 1.89%. The dividend payout ratio is 206.46%. 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 30.19% next year. This indicates that the company will be able to sustain or increase its dividend.
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) and SPDR S&P 600 Small Cap ETF (SLY).Invesco Aerospace & Defense ETF (PPA).

Barnes Group issued an update on its FY 2024 earnings guidance on Friday, February, 16th. The company provided EPS guidance of 1.550-1.800 for the period, compared to the consensus estimate of 1.710. The company issued revenue guidance of $1.6 billion-$1.7 billion, compared to the consensus revenue estimate of $1.7 billion.

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 Xtrackers California Municipal Bond ETF (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's stock is owned by a variety of retail and institutional investors. Top institutional investors include Tributary Capital Management LLC (0.12%) and Diversified Trust Co (0.01%). Insiders that own company stock include Dawn N Edwards, Elijah Kent Barnes, Hans-Peter Manner, James C Pelletier, Jay B Knoll, Julie K Streich, Marian Acker, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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