Barnes Group Inc (NYSE: B) is 42.81% higher on its value in year-to-date trading and has touched a low of $22.13 and a high of $47.12 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The B stock was last observed hovering at around $46.70 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $46.60, the stock is -0.16% and 9.89% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.64 million and changing -0.21% at the moment leaves the stock 19.94% off its SMA200. B registered 104.75% gain for a year compared to 6-month gain of 24.43%. The firm has a 50-day simple moving average (SMA 50) of $42.2788 and a 200-day simple moving average (SMA200) of $38.77945.
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The stock witnessed a 0.17% loss in the last 1 month and extending the period to 3 months gives it a 22.83%, and is -0.38% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.50% over the week and 0.39% over the month.
Barnes Group Inc (B) has around 6500 employees, a market worth around $2.37B and $1.62B in sales. Fwd P/E is 23.28. Profit margin for the company is -2.46%. Distance from 52-week low is 110.57% and -1.10% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.63%).
The EPS is expected to shrink by -16.08% this year
301.0 institutions hold shares in Barnes Group Inc (B), with institutional investors hold 103.38% of the company’s shares. The shares outstanding are 50.69M, and float is at 48.61M with Short Float at 1.41%. Institutions hold 93.91% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 7.55 million shares valued at $312.82 million. The investor’s holdings represent 14.7474 of the B Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 5.61 million shares valued at $232.14 million to account for 10.9437 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 3.59 million shares representing 7.0036 and valued at over $148.56 million, while IRENIC CAPITAL MANAGEMENT LP holds 5.0213 of the shares totaling 2.57 million with a market value of $106.51 million.
Barnes Group Inc (B) Insider Activity
The most recent transaction is an insider sale by EDWARDS DAWN N, the company’s SVP, Human Resources. SEC filings show that EDWARDS DAWN N sold 5,851 shares of the company’s common stock on Nov 01 ’24 at a price of $46.76 per share for a total of $0.27 million. Following the sale, the insider now owns 87213.0 shares.
Still, SEC filings show that on Oct 31 ’24, ACKER MARIAN (Officer) Proposed Sale 2,900 shares at an average price of $46.70 for $0.14 million. The insider now directly holds shares of Barnes Group Inc (B).
