How to Buy Barnes Group Stock
Barnes Group Inc
Barnes Group is a specialty industrial machinery company located in Connecticut, United States, which is part of the Industrials sector, and is traded under the ticker B on the NYSE exchange.
Barnes Group stock last closed at $34.72, down 1.89% from the previous day, and has decreased 17.29% in one year. It has underperformed other stocks in the Specialty Industrial Machinery industry by 0.44 percentage points. Barnes Group stock is currently +84.78% from its 52-week low of $18.79, and -20.47% from its 52-week high of $43.66.
As of Apr 30, 2024, there are 50.7M B shares outstanding. The market cap of B is $1.76B. In the last 24 hours, 239,250 B shares were traded.
How to Buy Barnes Group Stock
Wondering how to invest in Barnes Group stock? Here's how.
- Figure out where to buy Barnes Group stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you decide where to buy Barnes Group stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Put funds into your investment account: Choose your payment method and add your information.
- Research Barnes Group stock: The Barnes Group ticker symbol is B. Is Barnes Group stock a good investment? Should you buy shares of B? How do B's underlying business fundamentals look? Do top analysts think Barnes Group is a good buy? Why has B's stock price moved recently? (Hint: Our stock research tools can help you evaluate if B is a good stock to buy).
- Place your B trade: Decide if you will purchase B shares at the current market price or use a limit order to buy B stock at a particular price.
- Get key alerts regarding your B position: Create a watchlist to important updates regarding your position in Barnes Group shares.
Step 1: Figure out where to buy Barnes Group stock
You will need an online brokerage account in order to access the NYSE market and buy B stock.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the right brokerage, you'll need to fill out some personal information so you are able to buy B stock today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to create a new trading account.
- Submit your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you've opened your account on investing apps, you can securely and quickly fund your account:
Watch the tutorial below if you need help transferring money into your new brokerage account.
Step 4: Research Barnes Group stock
Once you have identified the best place to buy Barnes Group stock, it's absolutely critical to evaluate their stock before you buy, so you truly understand the risk as well as the upside.
Barnes Group stock at a glance
Barnes Group Fundamentals
WallStreetZen was built to help average investors perform more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on B's stock page.
Is B stock undervalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge B's intrinsic value.
Using relative valuations metrics:
- B may be overvalued based on its P/E ratio of 385.78x, relative to Specialty Industrial Machinery industry P/E ratio of 31.86x
- B may be undervalued based on its P/B ratio of 1.32x, relative to Specialty Industrial Machinery industry P/B ratio of 5.08x
You can do more valuation research on B's stock here.
B Financial Overview
Positive Health Checks:
- There are more short-term assets than short-term liabilities on the B balance sheet.
Negative Health Checks:
- B has a relatively high debt to equity ratio of 1.46.
- Total B debt is higher than 5 years ago, relative to shareholder equity.
- B profit margin has gone down from 0.5% to 0.3% in the past year.
- B earnings of $107.48M is not sufficient to cover its interest payments.
- B's operating cash flow of $77.89M allows it to safely service it's debt of $1.31B.
- There are more long-term liabilities than short-term assets on the B balance sheet.
Is it a good time to buy B stock, according to analysts?
Out of 3 sell side analysts who give forecasts on B, the consensus analyst rating on Barnes Group is a Buy
Please note that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are forecasting on the Barnes Group stock forecast page.
B Momentum
B Growth Numbers
Last year, B earnings were $4.79M. During the last five year, B's earnings have gone up by -50.79% per year. This was slower than the Specialty Industrial Machinery industry average of -0.5%.
Last year, B revenue was $1.55B. Over the past five year, B's revenue has grown by 0.53% per year. This was slower than the Specialty Industrial Machinery industry average of 3.81%.
Find out more about B's earnings and revenue performance here.
Who is buying/selling B?
In the last year, insiders at B have bought more shares than they have sold.
Mylle H. Mangum, Director of B, was the latest B insider to buy. They bought $1,875.03 worth of B shares on Mar 8, 2024.
Learn more about who owns B stock here.
Can I get consistent income from B stock?
Barnes Group pays a dividend of 1.84%, compared to the Specialty Industrial Machinery industry's average dividend yield of 1.31%. If you owned $1,000 worth of B stock, you would have received $18.43 in the past 12 months.
Barnes Group dividend payments have consistently grown over the past decade and have remained stable.
Get more info about Barnes Group dividend yield and history here.
B Social Trading Data
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Place your B trade
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly fine for most investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount, use a limit order.
Click the Open Trade button and eToro will execute the order.
If you want additional info about buying stocks on eToro, watch the helpful video below:
Step 6: Get key alerts regarding your B position
Now that you own some shares in B, you'll want to stay up-to-date on your new shares.
Create a watchlist to keep track of your B stock.
B Feed
How to Buy Stock in Barnes Group
To reiterate, here are the 6 steps you need to take to buy Barnes Group stock right now:
- Figure out where to buy Barnes Group stock
- Create your brokerage account
- Put funds into your investment account
- Research Barnes Group stock
- Place your B trade
- Get key alerts regarding your B position
If you need a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep an eye on your investment in Barnes Group, hit the button below to create your watchlist.
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