2024-05-07 16:53:11 ET
Summary
- The share price of the Barnes Group, an industrial and aerospace company, has dropped significantly in recent years.
- It is now involved in a transformation project that aims to move its businesses toward higher growth and profitability.
- I expect the share price to climb modestly this year, then shift to strong growth in 2025 and 2026.
Thesis
Barnes Group ( B ), which has struggled in recent years, is in the midst of a transformation process. It is changing its corporate holdings to eliminate low-profit and low-growth businesses and replace them with better drivers of growth and profitability.
The 167-year-old firm now specializes in high-tech and innovative products and services for the industrial and aerospace end markets. Part of that transformation sees it putting more emphasis on its aerospace segment....
Read the full article on Seeking Alpha
For further details see:
Barnes Group: A Promising Turnaround With An Aerospace Focus