B - Barnes Group: A Promising Turnaround With An Aerospace Focus

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....

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