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
Website
CEO
Patrick Dempsey
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
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
Press releases
Barnes Declares Quarterly Dividend
6 May 22
Barnes Reports First Quarter 2022 Financial Results
29 Apr 22
Boeing Announces Multi-Year Commitment to Yale Center for Natural Carbon Capture
22 Apr 22
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
Current price
Average target
$41.50
Low target
$41.00
High target
$42.00
Truist Securities
Maintains
$41.00
Alembic Global
Downgraded
$42.00
Calendar
2 May 22
20 May 22
31 Dec 22
Financial summary
Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
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Operating income | |||||
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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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 |
Recent insider trades
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 |
Institutional ownership, Q1 2022
84.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 212 |
Opened positions | 35 |
Closed positions | 40 |
Increased positions | 79 |
Reduced positions | 74 |
13F shares | Current |
---|---|
Total value | 1.72B |
Total shares | 42.86M |
Total puts | 40K |
Total calls | 68.8K |
Total put/call ratio | 0.6 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 7.42M | $298.2M |
Vanguard | 5.13M | $206.19M |
BAC Bank Of America | 3.17M | $127.22M |
Dimensional Fund Advisors | 2.99M | $120.05M |
Champlain Investment Partners | 2.95M | $118.66M |
MCQEF Macquarie | 2.38M | $95.69M |
STT State Street | 1.77M | $71.18M |
Aristotle Capital Boston | 1.05M | $42.23M |
Wasatch Advisors | 1.03M | $41.37M |
Geode Capital Management | 839.69K | $33.75M |
Financial report summary
?Competition
CheggManagement 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
Financial reports
Current reports
8-K
Departure of Directors or Certain Officers
10 May 22
8-K
Barnes Reports First Quarter 2022 Financial Results
29 Apr 22
8-K
Entry into a Material Definitive Agreement
8 Apr 22
8-K
Departure of Directors or Certain Officers
15 Mar 22
8-K
Barnes Announces President and Chief Executive Officer Patrick J. Dempsey to Take a Temporary Leave of Absence
10 Mar 22
8-K
Barnes Reports Fourth Quarter and Full Year 2021 Financial Results
18 Feb 22
8-K
Regulation FD Disclosure
14 Dec 21
8-K
Michael A. Beck Announces Plans to Retire as Senior Vice President, Barnes Group Inc. and President, Barnes Aerospace
12 Nov 21
8-K
Barnes Group Inc. Reports Third Quarter 2021 Financial Results
29 Oct 21
8-K
Barnes Group Inc. Reports Second Quarter 2021 Financial Results
30 Jul 21
Registration and prospectus
S-8
Registration of securities for employees
29 Jul 15
S-8
Registration of securities for employees
15 May 14
S-8 POS
Registration of securities for employees (post-effective amendment)
13 Mar 14
S-8
Registration of securities for employees
22 Feb 12
S-3ASR
Automatic shelf registration
29 Jul 10
S-8
Registration of securities for employees
19 May 10
S-8
Registration of securities for employees
22 Oct 08
POSASR
Automatic shelf registration (post-effective amendment)
5 Jun 08
424B3
Prospectus supplement
27 May 08
S-8
Registration of securities for employees
7 May 08
Proxies
DEFA14A
Additional proxy soliciting materials
25 Mar 22
DEFA14A
Additional proxy soliciting materials
26 Mar 21
DEFA14A
Additional proxy soliciting materials
1 Apr 20
DEFA14A
Additional proxy soliciting materials
27 Mar 20
DEFA14A
Additional proxy soliciting materials
22 Mar 19
DEF 14A
Definitive proxy
22 Mar 18
Other
SD
Conflict minerals disclosure
28 May 21
SD
Conflict minerals disclosure
22 May 20
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
31 May 18
SD
Conflict minerals disclosure
30 May 17
SD
Conflict minerals disclosure
30 May 16
UPLOAD
Letter from SEC
17 May 16
CORRESP
Correspondence with SEC
9 May 16
UPLOAD
Letter from SEC
26 Apr 16
NO ACT
No action letter
12 Jan 16
Ownership
4
BARNES / MYLLE H MANGUM ownership change
11 May 22
4
BARNES / IAN MALCOLM REASON ownership change
4 May 22
3
BARNES / IAN MALCOLM REASON ownership change
4 May 22
4
BARNES / MYLLE H MANGUM ownership change
14 Mar 22
4
BARNES / THOMAS O BARNES ownership change
1 Mar 22
4
BARNES / James C Pelletier ownership change
28 Feb 22
4
BARNES / JoAnna Sohovich ownership change
15 Feb 22
4
BARNES / Anthony V. Nicolosi ownership change
15 Feb 22
4
BARNES / WILLIAM J MORGAN ownership change
15 Feb 22
4
BARNES / Hans-Peter Manner ownership change
15 Feb 22
Patents
Utility
Partially Rotated Eccentric Drive for Valve Pin
10 Mar 22
Inventors: Christopher Lee
Utility
Gripper for industrial manipulators
1 Mar 22
A gripper for industrial manipulators includes: at least two jaws one of which being movable allowing it to be opened and closed; and a gripper body.
Utility
Electric Tool Changer
27 Jan 22
A tool changer is described, the tool changer includes a robot-side portion having a longitudinal axis and fixable to a manipulator, and a tool-side portion fixable to a tool and abuts against the robot- side portion along the longitudinal axis.
Utility
Actuating device for adjusting at least one valve needle of an injection molding apparatus
18 Jan 22
An actuating device for adjusting at least one valve needle of an injection molding apparatus with a hot runner manifold that has disposed thereon at least one hot runner nozzle with at least one valve needle extending there-through which may control the melt flow through the hot runner nozzle.
Utility
Variable Pulsating, Gap Control, Auto-learning Press Cushion Device
13 Jan 22
A controllable force cushion device that can be programmed to provide a variable and/or pulsating force that can be used in any application where force control is desirable.
Transcripts
2022 Q1
Earnings call transcript
29 Apr 22
2021 Q4
Earnings call transcript
18 Feb 22
2021 Q3
Earnings call transcript
29 Oct 21
2021 Q2
Earnings call transcript
30 Jul 21
2021 Q1
Earnings call transcript
30 Apr 21
2020 Q4
Earnings call transcript
19 Feb 21
2020 Q3
Earnings call transcript
23 Oct 20
2020 Q2
Earnings call transcript
28 Jul 20
2020 Q1
Earnings call transcript
24 Apr 20
2019 Q4
Earnings call transcript
21 Feb 20
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