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

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

Several other research firms have also recently weighed in on B. Truist Financial upped 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. DA Davidson restated a “neutral” rating and set a $47.50 price objective (down from $52.00) on shares of Barnes Group in a research report on Monday, October 7th.

Barnes Group Trading Down 0.0 %

Shares of Barnes Group stock opened at $46.69 on Friday. The stock has a market cap of $2.38 billion, a P/E ratio of -60.64, a P/E/G ratio of 3.21 and a beta of 1.35. The company has a quick ratio of 1.35, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. Barnes Group has a 12-month low of $23.93 and a 12-month high of $47.40. The business’s 50 day moving average is $42.79 and its 200-day moving average is $40.58.

Institutional Investors Weigh In On Barnes Group

A number of institutional investors and hedge funds have recently made changes to their positions in B. GAMMA Investing LLC lifted its position in shares of Barnes Group by 17.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company’s stock valued at $66,000 after buying an additional 238 shares during the last quarter. EntryPoint Capital LLC bought a new position in Barnes Group in the 1st quarter valued at $107,000. SG Americas Securities LLC purchased a new position in shares of Barnes Group during the 3rd quarter valued at $178,000. QRG Capital Management Inc. bought a new position in shares of Barnes Group in the first quarter worth $217,000. Finally, Quest Partners LLC purchased a new stake in shares of Barnes Group in the third quarter worth $248,000. Institutional investors and hedge funds 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.