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

StockNews.com started coverage on shares of Barnes Group (NYSE:B) in a research note issued to investors on Monday morning. The firm issued a sell rating on the industrial products company’s stock.

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

Barnes Group Stock Performance

Shares of NYSE B opened at $46.74 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 1.35. Barnes Group has a one year low of $25.75 and a one year high of $47.40. The business’s 50-day moving average price is $44.19 and its two-hundred day moving average price is $41.10. The company has a market capitalization of $2.38 billion, a P/E ratio of -60.70, a price-to-earnings-growth ratio of 3.21 and a beta of 1.35.

Hedge Funds Weigh In On Barnes Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Barnes Group by 3.8% during the first quarter. Vanguard Group Inc. now owns 5,689,535 shares of the industrial products company’s stock worth $211,366,000 after buying an additional 206,351 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of 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 acquiring an additional 60,152 shares in the last quarter. Mason Capital Management LLC increased its holdings in Barnes Group by 32.9% during the 2nd quarter. Mason Capital Management LLC now owns 1,050,079 shares of the industrial products company’s stock valued at $43,484,000 after purchasing an additional 259,957 shares in the last quarter. Westwood Holdings Group Inc. acquired a new position in Barnes Group in the second quarter worth $32,576,000. Finally, Kennedy Capital Management LLC raised its holdings in shares of Barnes Group by 10.7% in the first quarter. Kennedy Capital Management LLC now owns 753,625 shares of the industrial products company’s stock valued at $27,997,000 after buying an additional 72,546 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.

About Barnes Group

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.