Barnes Group (NYSE:B) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Barnes Group (NYSE:B) in a research report report published on Monday morning. The brokerage issued a sell rating on the industrial products company’s stock.

B has been the topic of a number of other research reports. DA Davidson reaffirmed a “neutral” rating and set a $47.50 price target (down previously from $52.00) on shares of Barnes Group in a research report on Monday, October 7th. Truist Financial raised their target price on 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 Stock Performance

B opened at $47.27 on Monday. The company’s 50 day moving average price is $46.99 and its two-hundred day moving average price is $43.21. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of -61.39 and a beta of 1.32. Barnes Group has a fifty-two week low of $30.05 and a fifty-two week high of $47.40. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 1.35.

Institutional Trading of Barnes Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in Barnes Group by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,587,611 shares of the industrial products company’s stock worth $148,565,000 after purchasing an additional 60,152 shares in the last quarter. Mason Capital Management LLC grew its position in Barnes Group by 32.9% during the second quarter. Mason Capital Management LLC now owns 1,050,079 shares of the industrial products company’s stock worth $43,484,000 after buying an additional 259,957 shares in the last quarter. Westwood Holdings Group Inc. bought a new position in Barnes Group in the 2nd quarter worth about $32,576,000. Simcoe Capital Management LLC purchased a new stake in shares of Barnes Group in the 3rd quarter valued at about $24,469,000. Finally, Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Barnes Group by 9.6% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 548,088 shares of the industrial products company’s stock worth $22,148,000 after purchasing an additional 47,821 shares in the last quarter. Institutional investors own 90.82% of the company’s stock.

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.