Barnes Group Inc. (B) Reached A New High 3 times During The Past Five Days

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As of Wednesday close, Barnes Group Inc.’s (NYSE:B) stock was up $0.52, moving up 1.31 percent to $40.14. The average number of shares traded per day over the past five days has been 140,840 shares. 3 times new highs have been achieved over the past 5 days, with a $1.08 gain in that time frame. In the last twenty days, the average volume was 221,635, while in the previous 50 days, it was 258,214.

Since last month, B stock rose 15.21%. Shares of the company fell to $32.72 on 10/24/22, the lowest level in the past month. A 52-week high of $48.79 was reached on 01/05/22 after having rallying from a 52-week low of $27.93. Since the beginning of this year, B’s stock price has dropped by -13.84% or -$6.45, and marked a new high 3 times. However, the stock has declined by -17.73% since its 52-week high.


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B stock investors should be aware that Barnes Group Inc. (B) stock had its last reported insider trading activity 17 days ago on Nov 07. STREICH JULIE K, the SVP, Finance and CFO of the company, purchased of 8,100 shares for $37.56 on Nov 07. It resulted in a $304,266 investment by the insider. Barnes Elijah Kent added 3,330 shares at an average price of $38.00 on Nov 07. The insider now owns 45,945 shares following the transaction. On Nov 07, President and CEO HOOK THOMAS J bought 35,000 shares at $38.09 apiece. The transaction was valued at $1,333,034.

Valuation Metrics

Right now, Barnes Group Inc. (B) has a P/E ratio of about 79.02. The stock’s beta is 1.21. Besides these, the trailing price-to-sales (P/S) ratio of 1.60, the price-to-book (PB) ratio of 1.61, and the price-to-cash flow ratio of 91.23 may also be considered.

The latest dividend of $0.16 per share was paid out, remained unchanged from last year’s $0.16. On Friday May 4 2018, a $0.02 dividend increase was announced.

Financial Health

In the three months ended June 29, Barnes Group Inc.’s quick ratio stood at 1.50, while its current ratio was 2.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.44, and the total debt-to-equity ratio was 0.44. On the profitability front, the trailing twelve-month gross margin is 34.10% percent. In the year ended June 29, operating margins totaled 5.30%. Based on annual data, B earned $455.0 million in gross profit and brought in $1.26 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.00%. Return on equity (ROE) for the past 12 months was 1.90%.

In Barnes Group Inc.’s quarter-end financial report for June 29, it reported total debt of $556.35 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. B’s revenue fell -2.04% to $321.27 million during the quarter, while net income inched up to $314.74 million. While analysts expected Barnes Group Inc. to report $0.48 quarterly earnings, the actual figure was $0.56 per share, beating the consensus estimate by 16.70%. During the quarter, the company generated $54.2 million in EBITDA. The liabilities of Barnes Group Inc. were 1.04 billion at the end of its most recent quarter ended June 29, and its total debt was $584.04 million. The value of shareholders’ equity is $50.57 million.

Technical Picture

This quick technical analysis looks at Barnes Group Inc.’s (B) price momentum. With a historical volatility rate of 13.47%, the RSI 9-day stood at 75.14% on 23 November.

With respect to its five-day moving average, the current Barnes Group Inc. price is up by +2.76% percent or $1.08. At present, B shares trade +15.41% above its 20-day simple moving average and +28.98% percent above its 100-day simple moving average. However, the stock is currently trading approximately +24.47% above its SMA50 and -11.78% below its SMA200.

Stochastic coefficient K was 91.59% and Stochastic coefficient D was 89.18%, while ATR was 1.03. Given the Stochastic reading of 93.95% for the 14-day period, the RSI (14) reading has been calculated as 71.69%. As of today, the MACD Oscillator reading stands at 0.36, while the 14-day reading stands at 0.81.

Analyst Ratings

Wolfe Research launched its rating on Barnes Group Inc. (NYSE: B) to a Peer perform in a note to investors on October 11, 2022. Barnes Group Inc. (B) has been rated Hold by analysts. According to 0 brokerage firms, B is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Barnes Group Inc. stock as buy, with 1 recommending it as overweight.

With a median target price of $36.00, the current consensus forecast for the stock is $29.00 – $42.00. Based on these forecasts, analysts predict Barnes Group Inc. (B) will achieve an average price target of $35.67.

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