Texas Permanent School Fund Increases Stock Holdings in Barnes Group
January 30, 2023
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The Texas Permanent School Fund (TPSF) has recently increased its stock holdings in Barnes Group ($NYSE:B) Inc., a global industrial and aerospace manufacturer and service provider. The company operates through four divisions: Aerospace and Industrial Products, Industrial Products and Services, Technology Solutions, and Specialty Components and Systems. Barnes Group Inc. provides a wide array of products and services to its customers, ranging from industrial grade spring and fastener components to custom-manufactured aerospace systems and components.
In addition, Barnes Group Inc. provides engineering services to customers in the healthcare and construction industries. Barnes Group Inc.’s diversified portfolio of products and services gives it a competitive edge in the global markets. Moreover, the company’s strong customer relationships, innovation capabilities, and commitment to quality have earned it a solid reputation in its industry. The company’s robust financials, strong execution capabilities, and impressive customer base make it an attractive investment opportunity for long-term investors. Moreover, Barnes Group Inc. has a track record of steady growth, making it an even more appealing prospect for investors looking to build a diversified portfolio.
Share Price
The stock opened at $43.9 and closed at $43.6, down by 0.5% from its last closing price of $43.9. The Texas Permanent School Fund is a public education fund that provides financial support to public schools in the state of Texas. The fund has made a commitment to Barnes Group Inc. to increase its shareholdings in the company, providing a strong vote of confidence for the company’s future growth prospects. Barnes Group Inc. is a diversified industrial manufacturer with operations across North America, Europe, and Asia.
The company offers a wide range of products and services including precision components, engineered products, and industrial materials. As Barnes Group Inc. continues to grow and expand its operations across the globe, investors can be sure that the Texas Permanent School Fund has their back. 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% |
VI Analysis
Barnes Group is a company that has a strong focus on its fundamentals, and this focus reflects its long term potential. According to the VI Star Chart, Barnes Group carries a high health score of 8/10, indicating that it is in a financially sound position and can safely ride out any crisis without the risk of bankruptcy. The company is classified as a “cow”, which means that it has a long history of paying out consistent and sustainable dividends. For investors who are looking for a reliable dividend income, Barnes Group is an ideal option. The company is strong in cash flows and debt, but is only medium in terms of assets, dividends, profitability and growth. While the company may not be the best choice for those seeking high growth, it is a safe and reliable investment with the potential to generate steady returns over the long term. Overall, Barnes Group is an attractive option for investors who are looking for a stable investment with the potential to generate regular returns. The company’s focus on its fundamentals suggests that it will be able to remain financially sound over the long term, making it an ideal choice for those seeking a safe and consistent dividend income. More…
VI 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
Barnes Group Inc. is a publicly traded industrial and aerospace manufacturer with a wide range of products, services, and technologies for the global marketplace. The company has recently seen an increase in stock holdings from the Texas Permanent School Fund, indicating a positive outlook for the company and its stock. Analysts have given Barnes Group Inc. a neutral rating, showing no major risks or rewards associated with investing in the company. Although the company has seen an uptick in stock holdings, investors should consider other factors such as financial performance and future potential before investing.
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