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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
B
Exchange
CEO
Patrick Dempsey
Employees
Incorporated
Location
Fiscal year end
SEC CIK
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

Analyst ratings and price targets

Last 3 months
Current price
Average target
$41.50
Low target
$41.00
High target
$42.00
Truist Securities
Maintains
Hold
$41.00
19 Apr 22
Alembic Global
Downgraded
Neutral
$42.00
11 Apr 22

Calendar

2 May 22
20 May 22
31 Dec 22
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

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
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

Financial report summary

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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

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