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Tuesday, December 5, 2023

What Are The Chances Of Barnes Group Inc. (NYSE: B) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Barnes Group Inc. (B) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.13, or -0.51%, to $25.39. The Barnes Group Inc. has recorded 10,804 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Clinical study of Integrum’s OPRA™ Implant System on below-knee amputations will include up to 30 patients and is fully funded by the Department of Defense.

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Stocks Info

As a NYSE listed company, B falls under the Industrials sector while operating within the Specialty Industrial Machinery industry segment. At the end of the last regular session, the stock closed at $25.52 and fluctuated between $25.52 as its day high and $24.55 as its day low. The current market capitalization of Barnes Group Inc. is $1.29B. A total of 0.55 million shares were traded on the day, compared to an average of 381.93K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, B has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 52 and the disposition of 296 shares. Over the last 12 months, there were 37 BUYs and 16 SELLs from insiders. Insiders purchased 198,919 shares during that period but sold 19,369.

In the most recent transaction, Manner Hans-Peter bought 50,000 shares of B for 22.78 per share on Nov 07. After the transaction, the Director now owns 66,079 company shares. In a previous transaction on Nov 03, Knoll Jay B bought 4,500 shares at 22.60 per share. B shares that SVP, Gen. Counsel & Secretary owns now total 21,363.

Among the insiders who bought shares, ACKER MARIAN acquired of 2,000 shares on Nov 03 at a per-share price of $22.51. This resulted in the VP, Controller holding 32,599 shares of B after the transaction. In another insider transaction, HOOK THOMAS J bought 4,527 shares at $21.38 per share on Nov 02. Company shares held by the President and CEO now total 222,590.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Barnes Group Inc. pays an annual dividend of $0.64, resulting in a dividend yield of 2.51%, and it has a price to earnings (P/E) ratio of 53.75. B’s most recent ex-dividend date was 11/21/2023 when it declared a $0.16 quarterly dividend that was paid in cash on 12/8/2023. Previously, the company paid the dividend on 9/8/2023 with an ex-dividend date of 8/23/2023. The B stock dividend was $0.16 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for B in the last 3 months, the mean price target is $26.00 with high estimates of $30.00 and low estimates of $23.00. In terms of 52-week highs and lows, B has a high of $47.36 and a low of $18.79.

As of this writing, B has an earnings estimate of $0.35 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.38 per share and a lower estimate of $0.32. The company reported an EPS of $0.58 in the last quarter, which was 7.40% higher than expectations of $0.54.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. B’s latest balance sheet shows that the firm has $102.86M in Cash & Short Term Investments as of fiscal 2021. There were $603.67M in debt and $310.39M in liabilities at the time. Its Book Value Per Share was $26.39, while its Total Shareholder’s Equity was $1.43B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for B is Buy with a score of 3.67.

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