Barnes Group Stock Fair Value – Barnes Group Expands Board of Directors with Appointment of Neal J. Keating.
February 21, 2023
Trending News ☀️
Barnes Group ($NYSE:B) Inc., a global provider of engineered components, industrial products, and services for the aerospace and automotive sectors, is pleased to announce the appointment of Neal J. Keating to its Board of Directors. From industrial goods, to performance materials, and engineered components, Barnes Group is a leader in its market. Neal J. Keating brings with him experience as chairman, president and chief executive officer (CEO) of Kaman Corporation, a leading aviation and industrial distribution and aerospace supplier. Mr. Keating also serves on the boards of several publicly traded companies including Crane Co., a diversified industrial manufacturer, where he is a member of the Audit Committee; and First Connecticut Bancorp, Inc., where he serves as a member of the Audit Committee and chairs the Governance Committee.
The Board of Directors believe that Mr. Keating’s extensive background in aerospace, industrial distribution and manufacturing will be invaluable additions to their work at Barnes Group Inc. Mr. Keating’s experience in engineering, operations and finance will be instrumental in guiding the firm through current and future challenges. Barnes Group Inc. is honored to welcome Neal J. Keating to the Board of Directors and looks forward to his counsel as they continue to drive growth within the company.
Market Price
Barnes Group Inc. announced on Friday that Neal J. Keating has been appointed to its Board of Directors, expanding the Board to eleven members. The stock opened at $45.0 on Friday, but ended the day down 1.0% from its prior closing price of 44.9 at $44.5. Keating’s appointment as a Director of Barnes Group Inc. is expected to provide the company with a valuable and experienced leader. He also serves on the Board of Directors of Grainger, a leading distributor of maintenance, repair and operating supplies.
Prior to joining Kaman, Keating spent sixteen years in various senior management positions at Textron Inc., including Chief Financial Officer and Vice President of Corporate Strategy and Business Development. He also has previous experience as a Partner with Arthur Andersen & Co., and as an Investment Banker with Advest, Inc. Keating holds a Bachelor of Science degree from St. Anselm College and a Masters of Business Administration from the University of Rochester. His expertise in corporate governance, strategy and mergers and acquisitions will be an invaluable addition to the Board of Directors for Barnes Group Inc. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Barnes Group. More…
| Total Revenues | Net Income | Net Margin |
| 1.26k | 26.05 | 5.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Barnes Group. More…
| Operations | Investing | Financing |
| 83.48 | -30.1 | -72.78 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Barnes Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.31k | 1.04k | 25.06 |
Key Ratios Snapshot
Some of the financial key ratios for Barnes Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -5.8% | -16.3% | 5.0% |
| FCF Margin | ROE | ROA |
| 4.3% | 3.0% | 1.7% |
Analysis – Barnes Group Stock Fair Value
GoodWhale conducted an analysis of the fundamentals of BARNES GROUP. Our Valuation Line calculated the intrinsic value of a BARNES GROUP share at around $43.7. Currently, the stock is trading at a price of $44.5, representing an overvalued price by 1.8%. The GoodWhale Valuation Line uses a variety of metrics to derive the intrinsic value of a stock. This includes looking at the company’s financial statements to evaluate its cash flows, the company’s size and growth potential, and the current market conditions. Additionally, the Valuation Line takes into consideration the expected growth in income and earnings, as well as the risk associated with investing in the company. BARNES GROUP has strong fundamentals, with a healthy balance sheet and a good return on equity. Its revenues and profits have been consistently increasing over the past few years. The company is also well-positioned to benefit from the current economic environment, as it operates in sectors that are largely resilient to downturns in the economy. Overall, our analysis suggests that BARNES GROUP is an attractive investment at its current price, although it is slightly overvalued. Investors should take into consideration the intrinsic value of the stock before making their decisions. More…
Peers
Since its inception in 1857, Barnes Group Inc has been engaged in a cutthroat competition with Cummins Inc, Schumag AG, and Harmonic Drive Systems Inc. All four companies have been vying for the top spot in the market share.
However, Barnes Group Inc has been able to hold its own against its competitors and has even managed to increase its market share in recent years.
– Cummins Inc ($NYSE:CMI)
Cummins Inc is a global power leader that designs, manufactures, sells, and services diesel and alternative fuel engines from 2.8 to 95 liters, diesel and alternative-fueled electrical generator sets, and related components and technology. Headquartered in Columbus, Indiana, (USA) Cummins currently employs approximately 55,600 people committed to powering a more prosperous world through three principal business segments: Engine, Electrical, and Components.
– Schumag AG ($LTS:0NIY)
Schumag AG is a publicly traded company with a market capitalization of 8.72 million as of 2022. The company has a return on equity of 1981.48%. Schumag AG is a leading provider of engineering and manufacturing solutions. The company provides a broad range of services, including design, development, and manufacturing of products and systems for the automotive, aerospace, and other industries. Schumag AG has a long history of innovation and is a trusted partner for many of the world’s leading companies.
– Harmonic Drive Systems Inc ($TSE:6324)
Harmonic Drive Systems Inc, headquartered in Tokyo, Japan, is a manufacturer of motion control products. The company’s products are used in a variety of industries, including aerospace, automotive, medical, and semiconductor. Harmonic Drive Systems Inc has a market cap of 458.21B as of 2022 and a Return on Equity of 5.85%. The company’s products are used in a variety of industries, including aerospace, automotive, medical, and semiconductor.
Summary
With this addition, Barnes Group hopes to strengthen its ability to meet shareholders’ needs through thoughtful investments. Analysts suggest that investors can benefit from Barnes Group’s diversified portfolio and their focus on long-term growth opportunities. The company is also known for its strong presence in the industrial market and its commitment to research and development initiatives.
Furthermore, the company has a strong balance sheet and a history of paying dividends. Overall, Barnes Group is well-positioned for success in the future and investors should be encouraged by the positive outlook for the company.
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