StockNews.com Begins Coverage on Barnes Group (NYSE:B)

StockNews.com assumed coverage on shares of Barnes Group (NYSE:B) in a research report issued on Friday. The brokerage set a “sell” rating on the industrial products company’s stock.

A number of other analysts have also recently commented on B. DA Davidson reiterated a “neutral” rating and issued a $47.50 target price (down from $52.00) on shares of Barnes Group in a research note on Monday, October 7th. Truist Financial lifted their price objective on shares of Barnes Group from $38.00 to $47.50 and gave the stock a “hold” rating in a research note on Tuesday, October 8th.

Barnes Group Trading Up 0.0 %

Barnes Group stock opened at $47.13 on Friday. Barnes Group has a one year low of $29.67 and a one year high of $47.40. The stock has a market cap of $2.40 billion, a PE ratio of -61.21 and a beta of 1.34. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.28. The stock has a 50-day moving average of $46.81 and a two-hundred day moving average of $42.18.

Institutional Trading of Barnes Group

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC increased its stake in shares of Barnes Group by 17.1% in the third quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 238 shares during the period. SG Americas Securities LLC acquired a new stake in Barnes Group during the 3rd quarter worth about $178,000. Centiva Capital LP acquired a new stake in Barnes Group during the 3rd quarter worth about $212,000. Captrust Financial Advisors acquired a new position in shares of Barnes Group in the 3rd quarter valued at about $224,000. Finally, Needham Investment Management LLC purchased a new stake in shares of Barnes Group in the third quarter worth about $242,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Barnes Group Company Profile

Barnes Group Inc provides engineered products, industrial technologies, and solutions in the United States and internationally. The company operates through two segments: Industrial and Aerospace. The Industrial segment offers precision components, products, and systems used by various customers in end-markets, such as mobility, industrial equipment, automation, personal care, packaging, electronics, and medical devices.