Q4 Earnings Estimate for Barnes Group Issued By DA Davidson

Barnes Group Inc. (NYSE:B) – Analysts at DA Davidson issued their Q4 2024 EPS estimates for Barnes Group in a research report issued on Tuesday, October 29th. DA Davidson analyst M. Summerville expects that the industrial products company will post earnings of $0.46 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $47.50 target price on the stock. The consensus estimate for Barnes Group’s current full-year earnings is $1.62 per share. DA Davidson also issued estimates for Barnes Group’s FY2025 earnings at $2.03 EPS.

Other analysts have also recently issued research reports about the stock. StockNews.com assumed coverage on shares of Barnes Group in a research note on Friday, October 25th. They issued a “sell” rating for the company. Truist Financial raised their price objective on shares of Barnes Group from $38.00 to $47.50 and gave the company a “hold” rating in a research note on Tuesday, October 8th.

Barnes Group Stock Up 0.0 %

Shares of NYSE B opened at $46.79 on Wednesday. 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 has a 52 week low of $18.79 and a 52 week high of $47.12. The firm has a 50-day moving average price of $41.49 and a 200 day moving average price of $39.86. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of -60.77, a price-to-earnings-growth ratio of 2.87 and a beta of 1.38.

Hedge Funds Weigh In On Barnes Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in 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 grew its holdings in 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 purchasing an additional 31,000 shares during the period. Vanguard Group Inc. grew its holdings in 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 purchasing an additional 206,351 shares during the period. William B. Walkup & Associates Inc. purchased a new stake in Barnes Group in the second quarter valued at approximately $714,000. Finally, Russell Investments Group Ltd. grew its holdings in 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 purchasing an additional 69,097 shares during the period. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barnes Group Company Profile

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.