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 April 18, 2024, B stock price climbed to $36.08 with 459,262 million shares trading.

B has a beta of 2.62, 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 $1.83 billion. This is considered a Small Cap stock.

Last quarter Barnes Group reported $416 million in Revenue and $.41 earnings per share. This fell short of revenue expectation by $-5 million and exceeded earnings estimates by $.06.

In the last 3 years, B stock traded as high as $56.98 and as low as $18.79.

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

B stock has underperformed the market in the last year with a return of -9.7%, while SPY returned +22.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in B shares. However, B has outperformed the market in the last 3 month and 2 week periods, returning +17.0% and +2.8%, while SPY returned +5.2% and -2.6%, respectively. This indicates B has been having a stronger performance recently.

B support price is $32.62 and resistance is $34.16 (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 stock will trade within this expected range on the day.