Barnes Group Inc. provides engineered products, industrial technologies, and solutions in the United States and internationally.
Barnes Group Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$42.21|
|52 Week High||US$35.21|
|52 Week Low||US$57.64|
|1 Month Change||-2.54%|
|3 Month Change||-15.72%|
|1 Year Change||6.24%|
|3 Year Change||-28.54%|
|5 Year Change||6.97%|
|Change since IPO||754.89%|
Recent News & Updates
Why Barnes Group Inc. (NYSE:B) Could Be Worth Watching
Barnes Group Inc. ( NYSE:B ), is not the largest company out there, but it saw significant share price movement during...
Barnes: Disappointing Underperformance, Still Imperfectly Valued
B has grossly disappointed me this year, but the bullish thesis remains intact. Its net sales were up by 36.4% for the second quarter and 10% for the first half of 2021. As Aerospace was recovering slowly, Industrial remained Barnes' top source of revenue (73% of the total in the 2Q21). The segment delivered a 42% growth, which allowed it to slightly surpass the 2Q19 sales level. The outlook for 2021 and the medium term has become brighter. B has a $71.5 intrinsic value per share, which is 42% above the current share price of $50.3.
Barnes Group (NYSE:B) Will Pay A Dividend Of US$0.16
Barnes Group Inc.'s ( NYSE:B ) investors are due to receive a payment of US$0.16 per share on 10th of September. This...
|B||US Machinery||US Market|
Return vs Industry: B underperformed the US Machinery industry which returned 25.9% over the past year.
Return vs Market: B underperformed the US Market which returned 30% over the past year.
Stable Share Price: B is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: B's weekly volatility (3%) has been stable over the past year.
About the Company
Barnes Group Inc. provides engineered products, industrial technologies, and solutions in the United States and internationally. It operates in two segments: Industrial and Aerospace. The Industrial segment offers precision components, products, and systems used by various customers in end-markets, such as transportation, industrial equipment, automation, personal care, packaging, electronics, and medical devices.
Barnes Group Fundamentals Summary
|B fundamental statistics|
Is B overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|B income statement (TTM)|
|Cost of Revenue||US$763.80m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 29, 2021
|Earnings per share (EPS)||1.52|
|Net Profit Margin||6.52%|
How did B perform over the long term?See historical performance and comparison
1.5%Current Dividend Yield
Is Barnes Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: B ($42.21) is trading below our estimate of fair value ($82.27)
Significantly Below Fair Value: B is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: B is good value based on its PE Ratio (27.7x) compared to the US Machinery industry average (29.1x).
PE vs Market: B is poor value based on its PE Ratio (27.7x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: B is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: B is good value based on its PB Ratio (1.5x) compared to the US Machinery industry average (2.8x).
How is Barnes Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: B's forecast earnings growth (25.5% per year) is above the savings rate (2%).
Earnings vs Market: B's earnings (25.5% per year) are forecast to grow faster than the US market (15.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: B's revenue (9.2% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: B's revenue (9.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: B's Return on Equity is forecast to be low in 3 years time (8.9%).
How has Barnes Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: B has high quality earnings.
Growing Profit Margin: B's current net profit margins (6.5%) are lower than last year (8.9%).
Past Earnings Growth Analysis
Earnings Trend: B's earnings have declined by 6.1% per year over the past 5 years.
Accelerating Growth: B's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: B had negative earnings growth (-34.3%) over the past year, making it difficult to compare to the Machinery industry average (21.7%).
Return on Equity
High ROE: B's Return on Equity (5.5%) is considered low.
How is Barnes Group's financial position?
Financial Position Analysis
Short Term Liabilities: B's short term assets ($664.7M) exceed its short term liabilities ($307.4M).
Long Term Liabilities: B's short term assets ($664.7M) do not cover its long term liabilities ($929.0M).
Debt to Equity History and Analysis
Debt Level: B's debt to equity ratio (46.7%) is considered high.
Reducing Debt: B's debt to equity ratio has increased from 40.7% to 46.7% over the past 5 years.
Debt Coverage: B's debt is well covered by operating cash flow (27.4%).
Interest Coverage: B's interest payments on its debt are well covered by EBIT (8.4x coverage).
What is Barnes Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: B's dividend (1.52%) is higher than the bottom 25% of dividend payers in the US market (1.29%).
High Dividend: B's dividend (1.52%) is low compared to the top 25% of dividend payers in the US market (3.49%).
Stability and Growth of Payments
Stable Dividend: B's dividends per share have been stable in the past 10 years.
Growing Dividend: B's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (42.3%), B's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: B's dividends in 3 years are forecast to be well covered by earnings (26% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Patrick Dempsey (57 yo)
Mr. Patrick J. Dempsey has been Chief Executive Officer and President of Barnes Group Inc. since March 01, 2013. Mr. Dempsey served as the Chief Operating Officer and Senior Vice President of Barnes Group...
CEO Compensation Analysis
Compensation vs Market: Patrick's total compensation ($USD8.15M) is above average for companies of similar size in the US market ($USD3.53M).
Compensation vs Earnings: Patrick's compensation has been consistent with company performance over the past year.
Experienced Management: B's management team is seasoned and experienced (5.6 years average tenure).
Experienced Board: B's board of directors are considered experienced (5.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: B insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Barnes Group Inc.'s employee growth, exchange listings and data sources
- Name: Barnes Group Inc.
- Ticker: B
- Exchange: NYSE
- Founded: 1857
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: US$2.135b
- Shares outstanding: 50.58m
- Website: https://www.barnesgroupinc.com
Number of Employees
- Barnes Group Inc.
- 123 Main Street
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/19 23:35|
|End of Day Share Price||2021/10/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.