Weekly Research Analysts’ Ratings Changes for Barnes Group (B)

Several brokerages have updated their recommendations and price targets on shares of Barnes Group (NYSE: B) in the last few weeks:

• 10/17/2024 – Barnes Group is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 10/8/2024 – Barnes Group was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 10/8/2024 – Barnes Group had its price target raised by analysts at Truist Financial Co. from $38.00 to $47.50. They now have a “hold” rating on the stock.
• 10/7/2024 – Barnes Group had its “neutral” rating reaffirmed by analysts at DA Davidson. They now have a $47.50 price target on the stock, down previously from $52.00.

Barnes Group Stock Up 0.1 %

B stock opened at $46.56 on Thursday. The company has a market cap of $2.36 billion, a PE ratio of 517.33, a price-to-earnings-growth ratio of 2.87 and a beta of 1.38. The business has a 50-day simple moving average of $39.90 and a 200 day simple moving average of $39.14. Barnes Group Inc. has a 52 week low of $18.79 and a 52 week high of $46.72. The company has a quick ratio of 1.33, a current ratio of 2.24 and a debt-to-equity ratio of 0.90.

Barnes Group (NYSE:B) last posted its quarterly earnings results on Friday, July 26th. The industrial products company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The company had revenue of $382.23 million during the quarter, compared to analyst estimates of $398.80 million. Barnes Group had a negative net margin of 3.74% and a positive return on equity of 5.21%. Sell-side analysts anticipate that Barnes Group Inc. will post 1.62 EPS for the current fiscal year.

Barnes Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 22nd were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Thursday, August 22nd. Barnes Group’s dividend payout ratio (DPR) is presently 711.11%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. UniSuper Management Pty Ltd acquired a new position in shares of Barnes Group in the first quarter valued at approximately $497,000. Renaissance Technologies LLC increased its stake in shares of Barnes Group by 158.2% in the second quarter. Renaissance Technologies LLC now owns 50,600 shares of the industrial products company’s stock valued at $2,095,000 after buying an additional 31,000 shares during the period. Vanguard Group Inc. increased its stake in shares of Barnes Group by 3.8% in the first quarter. Vanguard Group Inc. now owns 5,689,535 shares of the industrial products company’s stock valued at $211,366,000 after buying an additional 206,351 shares during the period. William B. Walkup & Associates Inc. acquired a new position in shares of Barnes Group in the second quarter valued at approximately $714,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Barnes Group by 22.0% in the first quarter. Russell Investments Group Ltd. now owns 383,359 shares of the industrial products company’s stock valued at $14,242,000 after buying an additional 69,097 shares during the period. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barnes Group Inc provides engineered products, industrial technologies, and solutions in the United States and internationally. The company operates through two segments: Industrial and Aerospace. The Industrial segment offers precision components, products, and systems used by various customers in end-markets, such as mobility, industrial equipment, automation, personal care, packaging, electronics, and medical devices.