Barnes (B)

Barnes Group Inc is a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, serving a wide range of end markets and customers. Its specialized products and services are used in far-reaching applications including aerospace, transportation, manufacturing, automation, healthcare, and packaging. The skilled and dedicated employees of Barnes Group around the globe are committed to the highest performance standards and achieving consistent, sustainable profitable growth. Barnes Group is committed to corporate accountability and furthering environmental, social and governance principles as evidenced by its listing as one of America's Most Responsible Companies by Newsweek.

Company profile

Ticker

Exchange

NYSE

Website

www.barnesgroupinc.com

CEO

Patrick Dempsey

Incorporated

Delaware

Location

Connecticut

Fiscal year end

Dec 31

Sector

Manufacturing > Aircraft Engine and Engine Parts Manufacturing

Industry (SIC)

Miscellaneous Fabricated Metal Products

Parker-Hannifin • Crane • Mueller Water Products Inc - Series A • Watts Water • Circor International • Helios • ZK International • NiSun International Enterprise Development • Highway • ARC Group Worldwide ...

SEC CIK

0000009984

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

AS Monterrey, S. de R.L. de C.V. • Associated Spring (Tianjin) Company, Ltd. • Associated Spring (UK) Ltd. • Associated Spring Asia Pte. Ltd. • Associated Spring Corporation • Associated Spring do Brasil Ltda. • Associated Spring Mexico • Associated Spring Raymond (Shanghai) Co., Ltd. • Associated Spring Raymond GmbH • Barnes Airmotive Malaysia SND. BHD. ...

IRS number

60247840

B stock data

1M 1Y 5Y

News

From Benzinga Pro

Barnes Gr's Ex-Dividend Date Is Wednesday, Here's What You Need To Know

20 May 22

Tuesday marks the last chance for investors to receive the next dividend payout from Barnes Gr (NYSE:B).

Looking Into Barnes Gr's Recent Short Interest

9 May 22

Barnes Gr's (NYSE:B) short percent of float has fallen 14.29% since its last report. The company recently reported that it has 517.60 thousand shares sold short, which is 1.08% of all regular shares that are available for trading.

Stocks That Hit 52-Week Lows On Friday

29 Apr 22

On Friday, 213 companies hit new 52-week lows.

Barnes Slides Post Q1 Results, Surpasses Street Estimates

29 Apr 22

Recap: Barnes Q1 Earnings

29 Apr 22

Press releases

From Benzinga Pro

Barnes Declares Quarterly Dividend

6 May 22

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, 2022 to shareholders of record at the close of

Barnes Reports First Quarter 2022 Financial Results

29 Apr 22

Delivers Strong Aerospace Results and Solid Company-wide Book-to-Bill Sales of $312 million, up 4% versus the prior year period; Organic Sales up 6% Operating Margin of 10.0%; Adjusted Operating Margin of 10.2%,

Boeing Announces Multi-Year Commitment to Yale Center for Natural Carbon Capture

22 Apr 22

Boeing (NYSE:B) today announced its support of an ambitious initiative at the Yale Center for Natural Carbon Capture to address climate change through a program of scientific research and solution-oriented innovations.

Barnes Names Ian M. Reason Senior Vice President, Barnes and President, Barnes Aerospace

18 Apr 22

Barnes Announces First Quarter 2022 Earnings Conference Call and Webcast

15 Mar 22

Analyst ratings and price targets

Last 3 months

Average target

$41.50

Low target

$41.00

High target

$42.00

Calendar

2 May 22

20 May 22

31 Dec 22

Financial summary

Financial statements Chart B financial data

Quarter (USD)	Mar 22	Dec 21	Sep 21	Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	81.92M	81.92M	81.92M	81.92M	81.92M	81.92M
Cash burn (monthly)	10M	1.2M	(no burn)	(no burn)	3.1M	(no burn)
Cash used (since last report)	16.56M	1.98M	n/a	n/a	5.14M	n/a
Cash remaining	65.36M	79.94M	n/a	n/a	76.78M	n/a
Runway (months of cash)	6.5	66.7	n/a	n/a	24.7	n/a

Beta Read what these cash burn values mean

Financial data from Barnes earnings reports.

Recent insider trades

B insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
10 May 22	Mangum Mylle H	Common Stock	Sell	Dispose S	No	No	32.246	5,000	161.23K	22,610.15
2 May 22	Ian Malcolm Reason	Common Stock	Grant	Acquire A	No	No	0	3,625	0	3,625
2 May 22	Ian Malcolm Reason	Employee Stock Option-Right to Buy Common Stock	Grant	Acquire A	No	No	33.36	7,364	245.66K	7,364
10 Mar 22	Mangum Mylle H	Common Stock	Buy	Acquire P	No	No	42.4773	50.452	2.14K	27,610.15
25 Feb 22	James C Pelletier	Common Stock	Sell	Dispose S	No	No	46.5	1,619	75.28K	12,797.87
25 Feb 22	James C Pelletier	Common Stock	Option exercise	Acquire M	No	No	37.29	1,809	67.46K	14,416.87
25 Feb 22	James C Pelletier	Employee Stock Option-Right to Buy Common Stock	Option exercise	Dispose M	No	No	37.29	1,809	67.46K	3,615

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

B institutional ownership history Ownership history

84.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	212	217	-2.3%
Opened positions	35	43	-18.6%
Closed positions	40	37	+8.1%
Increased positions	79	74	+6.8%
Reduced positions	74	70	+5.7%

13F shares	Current	Prev Q	Change
Total value	1.72B	2.03B	-15.3%
Total shares	42.86M	43.62M	-1.7%
Total puts	40K	5.4K	+640.7%
Total calls	68.8K	0	NEW
Total put/call ratio	0.6	Infinity	NaN%

Largest owners	Shares	Value	Change
BLK Blackrock	7.42M	$298.2M	+0.3%
Vanguard	5.13M	$206.19M	+1.1%
BAC Bank Of America	3.17M	$127.22M	+0.3%
Dimensional Fund Advisors	2.99M	$120.05M	+2.2%
Champlain Investment Partners	2.95M	$118.66M	-4.9%
MCQEF Macquarie	2.38M	$95.69M	+19.1%
STT State Street	1.77M	$71.18M	+5.0%
Aristotle Capital Boston	1.05M	$42.23M	-2.0%
Wasatch Advisors	1.03M	$41.37M	-59.4%
Geode Capital Management	839.69K	$33.75M	+3.5%

Largest transactions	Shares	Bought/sold	Change
Wasatch Advisors	1.03M	-1.5M	-59.4%
Norges Bank	0	-505.57K	EXIT
MCQEF Macquarie	2.38M	+381.03K	+19.1%
Deprince Race & Zollo	502.16K	+304.94K	+154.6%
Millennium Management	300.83K	+203.27K	+208.4%
Arrowstreet Capital, Limited Partnership	129.55K	-172.4K	-57.1%
IVZ Invesco	310.72K	+162.69K	+109.9%
Champlain Investment Partners	2.95M	-153.19K	-4.9%
Cramer Rosenthal MCGLYNN	770.11K	-125.11K	-14.0%
Engineers Gate Manager	106.88K	+106.88K	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Chegg

Management Discussion

The Company reported net sales of $312.4 million in the first quarter of 2022, an increase of $10.8 million, or 3.6%, from the first quarter of 2021. Organic sales increased by $16.7 million, or 5.5%, including an increase of $19.1 million at Aerospace, partially offset by a decrease of $2.4 million at Industrial. The year-over-year increase at Aerospace was driven by improved sales within both the OEM and Aftermarket businesses, resulting primarily from continuing global improvement in aerospace markets. From an Industrial standpoint, sales decreased compared with the prior year period, as continuing pressures resulting from global supply chain constraints and semiconductor shortages impacted near-term automotive and broader industrial production. The strengthening of the U.S. dollar against foreign currencies decreased net sales within the Industrial segment by approximately $5.9 million.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Bad

New words: absenteeism, acquired, Aid, chip, climate, conventional, deepening, delivery, detailed, gas, geopolitical, greenhouse, hire, impose, inflationary, influenced, line, logistical, low, magnifying, mentioned, minimal, mobility, Mutual, personnel, plastic, procurement, produce, recycling, Russia, safety, shortage, softer, swing, Ukraine, vehicle, war, water, weather

Removed: adjust, adversely, affecting, aviation, Boeing, claim, commence, competitive, consideration, consist, consisting, convert, decision, demonstrated, determination, die, difficulty, diligence, discretionary, disposability, divestiture, drawn, efficient, electric, escrow, estimating, estimation, experienced, GmbH, gradual, Kajo, KNG, legal, lingering, methodology, national, Neukirchen, OHG, paragraph, partnership, pneumatic, political, positively, presentation, preservation, President, preventative, proposed, reducing, regional, relating, release, released, removal, repurchased, residual, revert, revised, saving, scale, Seeger, September, slight, SPA, targeted, tempering, Tianjin, tool, track, trend, usage, utilized, weakening, yielded

From filing 10-Q 2022 Q1

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