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Insiders of Barnes Group Purchase Shares After Large Drop – Insider Weekends

  • November 5, 2023

Barnes Group Inc. (B): $22.48

Market Cap: $1.14B

Enterprise Value: $2.36B

Key Insights

  • Barnes Group (B) is an industrial and aerospace manufacturer and has recently seen a very steep drop in its price following the release of Q3 2023 results.
  • On August 31, 2023, Barnes completed the acquisition of precision aero-engine component manufacturing company MB Aerospace for $740 million
  • The acquisition required Barnes to take out a new $1 billion revolving credit facility and a new $650 million term loan B, increasing the company’s leverage to 3.8 times EBITDA and the interest rate on its debt.

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