Zacks Research Weighs in on Barnes Group Inc.’s Q4 2024 Earnings (NYSE:B)

Barnes Group Inc. (NYSE:BFree Report) – Investment analysts at Zacks Research dropped their Q4 2024 earnings estimates for Barnes Group in a report released on Wednesday, February 7th. Zacks Research analyst R. Department now expects that the industrial products company will post earnings per share of $0.48 for the quarter, down from their previous forecast of $0.49. The consensus estimate for Barnes Group’s current full-year earnings is $1.59 per share. Zacks Research also issued estimates for Barnes Group’s Q1 2025 earnings at $0.45 EPS and Q4 2025 earnings at $0.64 EPS.

A number of other brokerages have also recently weighed in on B. Truist Financial boosted their price target on Barnes Group from $23.00 to $34.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. StockNews.com lowered Barnes Group from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. Finally, Oppenheimer lowered their price target on Barnes Group from $48.00 to $30.00 and set an “outperform” rating on the stock in a report on Monday, October 30th.

Check Out Our Latest Stock Analysis on B

Barnes Group Trading Up 1.2 %

Shares of NYSE B opened at $35.09 on Friday. The business has a 50 day simple moving average of $31.41 and a 200 day simple moving average of $32.37. Barnes Group has a 52 week low of $18.79 and a 52 week high of $47.36. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 74.66, a PEG ratio of 2.03 and a beta of 1.37. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.40 and a current ratio of 2.37.

Institutional Investors Weigh In On Barnes Group

Several large investors have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new stake in shares of Barnes Group during the 4th quarter worth about $82,000. US Bancorp DE increased its holdings in shares of Barnes Group by 175.1% during the fourth quarter. US Bancorp DE now owns 18,956 shares of the industrial products company’s stock worth $619,000 after buying an additional 12,066 shares in the last quarter. UBS Group AG increased its holdings in shares of Barnes Group by 570.4% during the fourth quarter. UBS Group AG now owns 62,932 shares of the industrial products company’s stock worth $2,053,000 after buying an additional 53,545 shares in the last quarter. Norges Bank bought a new position in shares of Barnes Group in the fourth quarter valued at approximately $10,871,000. Finally, First Eagle Investment Management LLC boosted its holdings in shares of Barnes Group by 31.8% in the 4th quarter. First Eagle Investment Management LLC now owns 414,301 shares of the industrial products company’s stock worth $13,519,000 after acquiring an additional 99,957 shares in the last quarter. 86.03% of the stock is currently owned by institutional investors.

Barnes Group Company Profile

(Get Free Report)

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 mobility, industrial equipment, automation, personal care, packaging, electronics, and medical devices.

Featured Articles

Earnings History and Estimates for Barnes Group (NYSE:B)

Receive News & Ratings for Barnes Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barnes Group and related companies with MarketBeat.com's FREE daily email newsletter.