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. This segment also designs and manufactures hot runner systems, mold cavity sensors and process control systems, and precision high cavitation mold assemblies for injection molding applications; provides force and motion control solutions for various metal forming and other industrial markets; and designs and develops robotic grippers, end-of-arm tooling systems, sensors, and other automation components for intelligent robotic handling solutions and industrial automation applications. In addition, it manufactures and supplies precision mechanical products, including mechanical springs, and high-precision punched and fine-blanked components used in transportation and industrial applications, including mechanical springs, and high-precision punched and fine-blanked components. This segment sells its products primarily through its direct sales force and distribution channels. The Aerospace segment produces fabricated and precision machined components and assemblies for turbine engines; and nacelles and structures for commercial and defense-related aircraft. It also provides aircraft engine component maintenance, repair, and overhaul services for turbine engine manufacturers, commercial airlines, and defense market; and manufactures and delivers aerospace aftermarket spare parts. This segment serves original equipment manufacturing industry. The company was founded in 1857 and is based in Bristol, Connecticut.
IPO Year:
Exchange: NYSE
Website: barnesgroupinc.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
4/18/2024 | $35.00 → $45.00 | Neutral → Buy | DA Davidson |
10/11/2022 | Peer Perform | Wolfe Research | |
4/11/2022 | $42.00 | Overweight → Neutral | Alembic Global Advisors |
STOCKHOLM, Nov. 6, 2024 /PRNewswire/ -- BioArctic AB (publ) (NASDAQ:BIOA) (STOCKHOLM: BIOA B) has presented the design of its proprietary BrainTransporter (BT) platform at the 16th annual Protein & Antibody Engineering Summit (PEGS) conference in Barcelona, Spain. The BT platform uses active Transferrin Receptor (TfR)-mediated transport, enabling up to 70-fold higher penetration of antibodies over the blood brain barrier, without negative effects on hematological safety parameters. During the 16th annual Protein & Antibody Engineering Summit (PEGS) Europe conference, Dr. Per-Ola Freskgård, VP Science & Technology at BioArctic, presented for the first time the design of the proprietary BT pl
Strong Aerospace Aftermarket Drives Top-line Growth Comparisons are year-over-year unless noted otherwise Third Quarter 2024: Sales of $388 million, up 7%; Organic Sales up 4% Operating Margin of 10.8%; Adjusted Operating Margin of 12.3%, up 150 bps Adjusted EBITDA Margin of 19.8%, up 140 bps GAAP EPS of -$0.04; Adjusted EPS of $0.09, down 52% Barnes Group Inc. (NYSE:B), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today reported financial results for the third quarter of 2024. "In the third quarter, despite ongoing production delays from aircraft manufacturers, our Aerospace OEM business generated extraordin
STOCKHOLM, Oct. 24, 2024 /PRNewswire/ -- BioArctic AB's (publ) (Nasdaq Stockholm: BIOA B) founder Lars Lannfelt will be presented with the Lifetime Achievement Award in Alzheimer's Disease Therapeutic Research at the Clinical Trials for Alzheimer's Disease Conference (CTAD) held in Madrid, Spain, and virtually from October 29 to November 1. Lars Lannfelt will be one of the keynote speakers at the conference. In addition, BioArctic's partner Eisai present lecanemab data in two oral and one poster presentation at the meeting and three symposia will focus on lecanemab. Data shared will include the importance of continued treatment of Alzheimer's disease, a progressive neurodegenerative disease
Barnes Shareholders to Receive $47.50 Per Share in Cash Barnes Group Inc. (NYSE:B) ("Barnes" or "the Company"), a global provider of highly engineered products, differentiated industrial technologies and innovative solutions, announced today that it has entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) ("Apollo") (the "Apollo Funds") in an all-cash transaction that values Barnes at an enterprise value of approximately $3.6 billion. The agreement provides that Barnes shareholders will receive $47.50 per share in cash. The per share purchase price represents a premium of approximately 22% over Barnes' undisturbed c
Barnes Group Inc. (NYSE:B) today announced it will release third quarter 2024 financial results on Friday, October 25, 2024, before the market opens. Barnes will also host a conference call which will begin at 8:30 a.m. (ET) on that day to discuss the results and the Company's outlook. The public may access the conference through a live audio webcast available on the Investor Relations section of the Barnes website at www.onebarnes.com. The conference is also available by direct dial at (888) 510-2379 in the U.S. or (646) 960-0691 outside of the U.S.; Conference ID 1137078. Supplemental materials will be posted to the Investor Relations section of the Company's website prior to the confere
Barnes Group Inc. (NYSE:B), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, announced today that Thomas J. Hook, President and Chief Executive Officer, will present to investors at the Jefferies Industrials Conference on September 5, 2024, at 11:35 a.m. ET. A live webcast of the presentation will be available on the conference date on the Investor Relations section of Barnes' website at www.onebarnes.com. A replay will also be available for 90 days following the presentation. The conference date and time provided in this press release may be subject to change, with any updates posted to the Barnes website. About Barnes
Barnes Aerospace is pleased to announce a long-term agreement extension with MTU Aero Engines AG, through which it will provide a package of precision fabricated components valued at $33 million. Leveraging its existing manufacturing capabilities, Barnes Aerospace–Singapore OEM will produce mission-critical aero-engine components to be used in Pratt and Whitney's A320neo / A220 and Gulfstream G500 / G600 engines. These applications require high-precision technologies in high volume. This agreement aligns with the Company's growth strategy to scale Barnes Aerospace through deepening customer relationships and providing diverse capabilities with differentiated service offerings. "With a f
Significant Progress Made on Transforming to an Aerospace Focused Company Comparisons are year-over-year unless noted otherwise Second Quarter 2024: Sales of $382 million, up 13%; Organic Sales up 5% Operating Margin of -0.6%; Adjusted Operating Margin of 12.4%, down 40 bps Adjusted EBITDA Margin of 20.0%, up 20 bps GAAP EPS of -$0.91; Adjusted EPS of $0.37, down 36% Records Automation goodwill impairment 2024 Outlook: Sales Growth of 10% to 12%; Organic Sales Growth of 4% to 6% Adjusted EBITDA Margin of 20% to 22% GAAP EPS of -$0.36 to -$0.16; Adjusted EPS of $1.55 to $1.75 Barnes Group Inc. (NYSE:B), a global provider of highly engineered products, differ
Barnes Aerospace is pleased to announce that its Taoyuan, Taiwan site recently received MTU Maintenance Hannover GmbH's Number One Supplier Award during a May 2024 supplier recognition ceremony held at the MTU Maintenance Hannover GmbH —Hannover facility. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240722612219/en/Johnson Hsu, General Manager, accepts the Number One Supplier Award from MTU Maintenance Hannover GmbH on behalf of Barnes Aerospace–Taoyuan. (Photo: Business Wire) MTU Maintenance Hannover GmbH's reinvigorated Supplier Evaluation Tool (SET) allows its leadership to review several Key Performance Indicators (KPIs) a
The Board of Directors of Barnes Group Inc. (NYSE:B) has declared a quarterly cash dividend of sixteen cents ($0.16) per share. The dividend will be payable September 10, 2024, to shareholders of record at the close of business on August 22, 2024. Barnes and its predecessor companies have paid a cash dividend to stockholders on a continuous basis since 1934. About Barnes Barnes Group Inc. (NYSE:B) leverages world-class manufacturing capabilities and market-leading engineering to develop advanced processes, automation solutions, and applied technologies for industries ranging from aerospace and medical & personal care to mobility and packaging. With a celebrated legacy of pioneering ex
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DA Davidson upgraded Barnes Group from Neutral to Buy and set a new price target of $45.00 from $35.00 previously
Wolfe Research initiated coverage of Barnes Group with a rating of Peer Perform
Alembic Global Advisors downgraded Barnes Group from Overweight to Neutral and set a new price target of $42.00
Morgan Stanley reiterated coverage of Barnes Group with a rating of Equal Weight and set a new price target of $270.00 from $248.00 previously
DA Davidson reiterated coverage of Barnes Group with a rating of Neutral and set a new price target of $45.00 from $36.00 previously
Barnes Shareholders to Receive $47.50 Per Share in Cash Barnes Group Inc. (NYSE:B) ("Barnes" or "the Company"), a global provider of highly engineered products, differentiated industrial technologies and innovative solutions, announced today that it has entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) ("Apollo") (the "Apollo Funds") in an all-cash transaction that values Barnes at an enterprise value of approximately $3.6 billion. The agreement provides that Barnes shareholders will receive $47.50 per share in cash. The per share purchase price represents a premium of approximately 22% over Barnes' undisturbed c
Barnes Group Inc. (NYSE:B) today announced it will release third quarter 2024 financial results on Friday, October 25, 2024, before the market opens. Barnes will also host a conference call which will begin at 8:30 a.m. (ET) on that day to discuss the results and the Company's outlook. The public may access the conference through a live audio webcast available on the Investor Relations section of the Barnes website at www.onebarnes.com. The conference is also available by direct dial at (888) 510-2379 in the U.S. or (646) 960-0691 outside of the U.S.; Conference ID 1137078. Supplemental materials will be posted to the Investor Relations section of the Company's website prior to the confere
The Board of Directors of Barnes Group Inc. (NYSE:B) has declared a quarterly cash dividend of sixteen cents ($0.16) per share. The dividend will be payable September 10, 2024, to shareholders of record at the close of business on August 22, 2024. Barnes and its predecessor companies have paid a cash dividend to stockholders on a continuous basis since 1934. About Barnes Barnes Group Inc. (NYSE:B) leverages world-class manufacturing capabilities and market-leading engineering to develop advanced processes, automation solutions, and applied technologies for industries ranging from aerospace and medical & personal care to mobility and packaging. With a celebrated legacy of pioneering ex
Barnes Group Inc. (NYSE:B) today announced it will release second quarter 2024 financial results on Friday, July 26, 2024, before the market opens. Barnes will also host a conference call which will begin at 8:30 a.m. (ET) on that day to discuss the results and the Company's outlook. The public may access the conference through a live audio webcast available on the Investor Relations section of the Barnes website at www.onebarnes.com. The conference is also available by direct dial at (888) 510-2379 in the U.S. or (646) 960-0691 outside of the U.S.; Conference ID 1137078. Supplemental materials will be posted to the Investor Relations section of the Company's website prior to the conferen
The Board of Directors of Barnes Group Inc. (NYSE:B) has declared a quarterly cash dividend of sixteen cents ($0.16) per share. The dividend will be payable June 10, 2024, to shareholders of record at the close of business on May 29, 2024. Barnes and its predecessor companies have paid a cash dividend to stockholders on a continuous basis since 1934. About Barnes Barnes Group Inc. (NYSE:B) leverages world-class manufacturing capabilities and market-leading engineering to develop advanced processes, automation solutions, and applied technologies for industries ranging from aerospace and medical & personal care to mobility and packaging. With a celebrated legacy of pioneering excellence,
Long-term Profitable Growth Strategy Driving a More Aerospace Oriented Business Comparisons are year-over-year unless noted otherwise First Quarter 2024: Sales of $431 million, up 28%; Organic Sales up 4% Operating Margin of 9.2%; Adjusted Operating Margin of 11.9%, up 80 bps Adjusted EBITDA Margin of 18.7%, up 130 bps GAAP EPS of $0.04; Adjusted EPS of $0.38, down 19% 2024 Outlook: Sales Growth of 13% to 16%; Organic Sales Growth of 5% to 8% Adjusted EBITDA Margin of 20% to 22% GAAP EPS of $1.08 to $1.28; Adjusted EPS of $1.62 to $1.82 Barnes Group Inc. (NYSE:B), a global provider of highly engineered products, differentiated industrial technologies, and inno
Transaction Highlights OEP's Carve-out Capability in Industrials One Equity Partners ("OEP"), a middle market private equity firm, today announced it has completed the acquisition of engineered spring and precision components manufacturer Associated Spring (or "the Company") from global industrial technology and aerospace manufacturer Barnes Group Inc. (NYSE:B). Founded in Bristol, Connecticut, Associated Spring is a leading manufacturer of custom parts, including engineered springs and high precision metal components, as well as stamped manufactured solutions and assemblies for industrial, medical, and automotive applications. The Company has a scalable, global operating footprint with
Barnes Group Inc. (NYSE:B) today announced it will release first quarter 2024 financial results on Friday, April 26, 2024, before the market opens. Barnes will also host a conference call which will begin at 8:30 a.m. (ET) on that day to discuss the results and the Company's outlook. The public may access the conference through a live audio webcast available on the Investor Relations section of the Barnes website at www.onebarnes.com. The conference is also available by direct dial at (888) 510-2379 in the U.S. or (646) 960-0691 outside of the U.S.; Conference ID 1137078. Supplemental materials will be posted to the Investor Relations section of the Company's website prior to the conferen
Results Reflect Execution of Portfolio Optimization and Focus on Long-term Profitable Growth Strategy Comparisons are year-over-year unless noted otherwise Fourth Quarter 2023: Sales of $416 million, up 33%; Organic Sales up 2% Operating Margin of 7.1%; Adjusted Operating Margin of 11.5%, up 30 bps Adjusted EBITDA Margin of 18.8%, up 50 bps GAAP EPS of $0.14; Adjusted EPS of $0.41, down 21% on acquisition-related interest Full Year 2023: Sales of $1,451 million, up 15% ; Organic Sales up 5% Operating Margin of 6.1%; Adjusted Operating Margin of 11.5%, down 10 bps Adjusted EBITDA Margin of 18.6%, up 20 bps GAAP EPS of $0.31; Adjusted EPS of $1.65, down 17% on a
The Board of Directors of Barnes Group Inc. (NYSE:B) has declared a quarterly cash dividend of sixteen cents ($0.16) per share. The dividend will be payable March 8, 2024, to shareholders of record at the close of business on February 22, 2024. Barnes and its predecessor companies have paid a cash dividend to stockholders on a continuous basis since 1934. About Barnes Barnes Group Inc. (NYSE:B) leverages world-class manufacturing capabilities and market-leading engineering to develop advanced processes, automation solutions, and applied technologies for industries ranging from aerospace and medical & personal care to mobility and packaging. With a celebrated legacy of pioneering excel
Announces Planned Retirements of Chairman Thomas O. Barnes and Lead Independent Director Mylle H. Mangum, and appointment of Richard Hipple as Chair Elect Appoints Irenic Capital Management Co-Founder Adam Katz to the Board Enters into Cooperation Agreement with Irenic Capital Management Barnes Group Inc. (NYSE:B), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced the planned retirements of Chairman Thomas O. Barnes and Lead Independent Director Mylle H. Mangum, consistent with the Company's corporate governance retirement policy, effective at the Company's Annual Meeting of Stockholders in May 2024. Mr.
Barnes Group Inc. (NYSE:B), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced the appointment of Neal J. Keating to the Company's Board of Directors, effective February 9, 2023. Mr. Keating has also been appointed to the Company's Corporate Governance Committee. "We are pleased to welcome Neal to our Board of Directors," said Thomas O. Barnes, Chairman of the Board, Barnes Group Inc. "Neal brings extensive public company and board experience, and importantly he expands the Board's capabilities through his significant leadership experience in the aerospace industry, which aligns well with our growing Barnes Aer
Board Names Medical Technology CEO and Barnes Director as Company's New Leader After Dempsey's Nearly 10 Years as Barnes' CEO Barnes Group Inc. (NYSE:B), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced that its Board of Directors has appointed Thomas J. Hook, (59), as President and Chief Executive Officer, effective as of July 14, 2022. Patrick J. Dempsey, who began a leave of absence on March 8, 2022 from his position as President & CEO of the Company to address health matters affecting an immediate family member, will transition to the newly created role of Executive Vice Chairman of the Company until his
Barnes Group Inc. (NYSE:B), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced the appointment of Ian M. Reason to the position of Senior Vice President, Barnes and President, Barnes Aerospace, effective May 2, 2022. Mr. Reason succeeds Michael A. Beck, who is retiring from the Company effective April 30, 2022. "Ian's broad and diverse aerospace industry experience and understanding of the complete lifecycle of the commercial and defense aerospace markets make him the ideal leader to take the business through its next phase of profitable growth and diversification. He is an engaging leader who brings a strong t
Barnes Group Inc. (NYSE:B), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced that Michael A. Beck has notified the Company of his intention to retire as Senior Vice President, Barnes Group Inc. and President, Barnes Aerospace. Following five years of contributing to the success of the Company's Aerospace segment, Mike has indicated his desire to retire and spend more time with family. He will continue to serve in his current capacity and support a smooth transition through April 2022. "We thank Mike for his dedicated service and significant contributions to our long-term profitable growth strategy," said Pat
Barnes Group Inc. (NYSE:B) today announced the appointment of Jakki L. Haussler to the Company's Board of Directors, effective July 15, 2021. Ms. Haussler will stand for election by the Company's stockholders at the 2022 Annual Meeting of Stockholders. Ms. Haussler has been appointed to the Company's Compensation and Management Development Committee. "We are extremely pleased to welcome Jakki to the Board of Barnes Group Inc. and look forward to her significant contributions to the Company's growth strategy and ongoing portfolio transformation," said Thomas O. Barnes, Chairman of the Board, Barnes Group Inc. "Jakki's extensive experience in public accounting, investment banking, venture ca
Barnes Group Inc. (NYSE:B), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced the appointment of Julie K. Streich to the position of Senior Vice President, Finance and Chief Financial Officer, effective May 3, 2021. "Julie is a proven leader with deep and extensive experience in a variety of multi-billion dollar publicly-traded companies in the energy, consumer services and manufacturing sectors and comes with an impressive background and proven strategic leadership in corporate finance, financial planning and analysis, mergers & acquisitions, business development, and process automation," said Patrick J. Demp
BRISTOL, Conn.--(BUSINESS WIRE)--Barnes Group Inc. (NYSE: B), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced the appointment of Lukas Hovorka to the position of Senior Vice President, Corporate Development, effective March 1, 2021. “Lukas has been an instrumental part of the ongoing transformation of Barnes Group and the reshaping of our business portfolio. With his promotion, I look forward to further collaborating with him on the acceleration of our efforts to build a world-class company of high margin, high growth businesses. Given Lukas’s extensive experience in corporate development, his thorou
BIRMINGHAM, Ala.--(BUSINESS WIRE)--The Regions Financial Corporation (NYSE:RF) Board of Directors today declared a cash dividend of $14.25 per share of Series C Preferred Stock outstanding (equivalent to approximately $0.35625 per depositary share), payable on Feb. 16, 2021, to stockholders of record at the close of business on Feb. 1, 2021. About Regions Financial Corporation Regions Financial Corporation (NYSE:RF), with $145 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Te
CHATTANOOGA, Tenn., Jan. 15, 2021 /PRNewswire/ -- Effective January 15, 2021, the Unum Group (NYSE: UNM) Board of Directors declared a quarterly dividend of $0.285 per share on its common stock to be paid on February 19, 2021, to stockholders of record on January 29, 2021. (PRNewsfoto/Unum Group) ABOUT UNUMUnum Group (www.unum.com) provides a broad portfolio of financial protection benefits and services through the workplace, and is a leading provider of disability income protection worldwide. Through its Unum US, Unum UK, Unum Poland, and Colonial Life businesses, the company provides disability, life, accident, critical illness, dental and vision benefits that prote
About 14% of the S&P 500 companies have reported their June quarter earnings and the blended earnings growth rate for the companies constituting the broader index remains healthy. The coming week will see the official start of the tech reporting season, which could potentially decide the fate of the market, which has seen a steep pullback in the recent week. The Week That Was: The tech earnings season had a modest start last week with the earnings report from chip-equipment maker ASML Holding N.V. (NASDAQ:ASML). The stock slumped about 16%, dragged by its weak third-quarter outlook and geopolitical concerns surrounding the China chip ban. Netflix, Inc.’s (NASDAQ:NFLX) guidance disappointe
- Bloomberg
Oppenheimer analyst Christopher Glynn maintains Barnes Gr (NYSE:B) with a Outperform and raises the price target from $43 to $48.
DA Davidson analyst Matt Summerville maintains Barnes Gr (NYSE:B) with a Buy and raises the price target from $45 to $48.
The agreement allows the companies to collaborate further on developing repairs for new and existing aerospace engines.
Barnes Gr's (NYSE:B) short percent of float has fallen 19.63% since its last report. The company recently reported that it has 840 thousand shares sold short, which is 2.58% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.13 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is im
Tech earnings could come to the market’s rescue as traders remain jittery about the outcome of key inflation data due on Friday. AI giants Alphabet, Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) and Microsoft Corp. (NASDAQ:MSFT) set a positive tone for tech companies with strong performances in the first quarter. However, the focus will likely shift to the annual inflation rate, as measured by the Personal Consumption Expenditures Price Index (PCE), the Federal Reserve’s preferred gauge. This data, released as part of the personal income and spending report at 8:30 am ET, could provide a double boost to the market. A reading in line with or below expectations could help break the recent lackluster pe
Barnes Gr (NYSE:B) reported quarterly earnings of $0.38 per share which beat the analyst consensus estimate of $0.36 by 5.56 percent. The company reported quarterly sales of $430.638 million which beat the analyst consensus estimate of $427.891 million by 0.64 percent. This is a 28.41 percent increase over sales of $335.357 million the same period last year.