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Barnes Group Inc (B)
NYSE:B
Holding B?
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B Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$25.75 - $47.40
Previous Close$46.74
Volume152.60K
Average Volume (3M)729.77K
Market Cap
$2.39B
Enterprise Value$3.45B
Total Cash (Recent Filing)$80.67M
Total Debt (Recent Filing)$1.15B
Price to Earnings (P/E)―
Beta1.57
Next Earnings
Feb 14, 2025EPS Estimate
$0.49Last Dividend Ex-Date
Aug 22, 2024Dividend Yield1.37%
Share Statistics
EPS (TTM)-0.78
Shares Outstanding50,940,019
10 Day Avg. Volume593,287
30 Day Avg. Volume729,771
Standard Deviation0.12
R-Squared0.37
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)1.82
Price to Sales (P/S)1.47
Price to Cash Flow (P/CF)12.80
P/FCF Ratio18.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.13
Enterprise Value/Gross Profit7.80
Enterprise Value/Ebitda14.72
Forecast
1Y Price Target
$48.00Price Target Upside2.54% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
Barnes Group News
Bulls Say, Bears Say
Bulls Say
Acquisition PremiumThe acquisition value represents a 22% premium to Barnes' closing price and a 28% premium to the volume weighted average price from the prior 90 days.
Definitive AgreementBarnes announced it entered into a definitive agreement to be acquired by Apollo Global Management, Inc. in an all-cash transaction valuing the enterprise at about $3.6B or $47.50 per share.
Price TargetThe updated price target for Barnes is now set to $47.50 to reflect the new takeout valuation.
Bears Say
DowngradeThe rating on Barnes is downgraded from BUY to NEUTRAL, reflecting that this acquisition likely represents the best possible outcome for shareholders at this point.
Equity ExposureEquity exposure among long-only funds remains near 2020-21 lows.
Valuation ConcernsThe $45/share valuation is seen as rather light, as it represents an 11.25x multiple on FY24E EBITDA and a 9.6x multiple on FY25E EBITDA, which falls well below the peer group average.
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Ownership Overview
9.50% Insiders
26.89% Mutual Funds
28.36% Other Institutional Investors
9.34% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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B FAQ
What was Barnes Group Inc’s price range in the past 12 months?
Barnes Group Inc lowest stock price was $25.75 and its highest was $47.40 in the past 12 months.
What is Barnes Group Inc’s market cap?
Currently, no data Available
When is Barnes Group Inc’s upcoming earnings report date?
Barnes Group Inc’s upcoming earnings report date is Feb 14, 2025 which is in 84 days.
How were Barnes Group Inc’s earnings last quarter?
Barnes Group Inc released its earnings results on Oct 25, 2024. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.39 by -$0.3.
Is Barnes Group Inc overvalued?
According to Wall Street analysts Barnes Group Inc’s price is currently Undervalued.
Does Barnes Group Inc pay dividends?
Barnes Group Inc pays a Quarterly dividend of $0.16 which represents an annual dividend yield of 1.37%. See more information on Barnes Group Inc dividends here
What is Barnes Group Inc’s EPS estimate?
Barnes Group Inc’s EPS estimate is $0.49.
How many shares outstanding does Barnes Group Inc have?
Barnes Group Inc has 50,974,820 shares outstanding.
What happened to Barnes Group Inc’s price movement after its last earnings report?
Barnes Group Inc reported an EPS of $0.09 in its last earnings report, missing expectations of $0.39. Following the earnings report the stock price went up 0.428%.
Which hedge fund is a major shareholder of Barnes Group Inc?
Among the largest hedge funds holding Barnes Group Inc’s share is Fisher Asset Management LLC. It holds Barnes Group Inc’s shares valued at 18M.
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Barnes Group Stock Smart Score
Unlock Smart Score
1
2
3
4
5
6
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8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$48.00 (2.54% Upside)
$48.00 (2.54% Upside)
Blogger Sentiment
Bullish
B Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 141.3K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $273.5K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▼ 2.0%
Last 30 Days ▲ 2.1%
Last 30 Days ▲ 2.1%
Technicals
SMA
Positive
20 days / 200 days
Momentum
82.69%
12-Months-Change
Fundamentals
Return on Equity
-3.01%
Trailing 12-Months
Asset Growth
-6.17%
Trailing 12-Months
Company Description
Barnes Group Inc
Barnes Group, Inc. engages in the provision of engineered products, industrial technologies, and solutions, serving a wide range of end markets and customers. It operates through the Industrial and Aerospace segments. The Industrial segment includes molding solutions; force and motion control; and automation and engineered components business units. The Aerospace segment consists of original equipment manufacturing (OEM) business, maintenance repair and overhaul (MRO) services, and the manufacture and delivery of aerospace aftermarket spare parts. The company was founded by Wallace Barnes in 1857 and is headquartered in Bristol, CT.
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B Company Deck
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B Earnings Call
Q2 2024
0:00 / 0:00
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B Stock 12 Month Forecast
Average Price Target
$48.00
▲(2.54% Upside)
Technical Analysis
Best Analysts Covering B
1 Year
1 Year Success Rate
27/44 ratings generated profit
1 Year Average Return
+9.36%
reiterated a buy rating 2 months ago
Copying Christopher Glynn's trades and holding each position for 1 Year would result in 61.36% of your transactions generating a profit, with an average return of +9.36% per trade.
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