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

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.

Only plus or premium subscribers can access this post. Subscribe today.

Subscribe Today