B Stock Summary and Trading Ideas (Barnes Group | NYSE:B)

Barnes Group Inc is a U.S. based industrial and aerospace manufacturer and service provider. It leverages world-class manufacturing capabilities and engineering to develop various processes, automation solutions, and applied technologies for industries ranging from aerospace and medical & personal care to mobility and packaging. The company operates through two segments: Industrial and Aerospace. The industrial segment manufactures precision parts, products, and systems for critical applications in end markets including transportation, industrial equipment, and consumer products. The aerospace segment provides machined components and assemblies for original equipment manufacturer turbine engine, airframe and industrial gas turbine builders, and the military.

Barnes Group trades on the NYSE stock market under the symbol B.

As of October 30, 2024, B stock price was flat at $46.79 with 222,296 million shares trading.

B has a beta of 2.52, meaning it tends to be more sensitive to market movements. B has a correlation of 0.29 to the broad based SPY ETF.

B has a market cap of $2.38 billion. This is considered a Mid Cap stock.

Last quarter Barnes Group reported $388 million in Revenue and $.09 earnings per share. This beat revenue expectation by $7 million and missed earnings estimates by -$.30.

In the last 3 years, B traded as high as $48.79 and as low as $18.79.

The top ETF exchange traded funds that B belongs to (by Net Assets): IJR, VTI, IWM, VB, VBR.

B has outperformed the market in the last year with a price return of +135.5% while the SPY ETF gained +43.5%. B has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +17.0% and +0.6%, respectively, while the SPY returned +7.2% and +0.4%, respectively.

B support price is $45.87 and resistance is $47.71 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that B shares will trade within this expected range on the day.