Barnes Group (NYSE:B) Earns Sell Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Barnes Group (NYSE:BFree Report) in a research note published on Sunday. The brokerage issued a sell rating on the industrial products company’s stock.

Other equities analysts have also recently issued research reports about the company. DA Davidson reissued a “neutral” rating and set a $47.50 price objective (down previously from $52.00) on shares of Barnes Group in a research report on Monday, October 7th. Truist Financial upped their price target on Barnes Group from $38.00 to $47.50 and gave the stock a “hold” rating in a report on Tuesday, October 8th.

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Barnes Group Stock Performance

Shares of B opened at $46.65 on Friday. The company has a market capitalization of $2.38 billion, a PE ratio of -60.58, a price-to-earnings-growth ratio of 3.21 and a beta of 1.35. 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 $23.93 and a one year high of $47.40. The company’s fifty day moving average price is $42.96 and its 200 day moving average price is $40.67.

Hedge Funds Weigh In On Barnes Group

Several large investors have recently added to or reduced their stakes in B. Vanguard Group Inc. increased its holdings in Barnes Group by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 5,689,535 shares of the industrial products company’s stock valued at $211,366,000 after buying an additional 206,351 shares during the period. Dimensional Fund Advisors LP raised its position in Barnes Group by 1.7% in the second 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 lifted its stake 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 purchasing an additional 259,957 shares during the period. Westwood Holdings Group Inc. acquired a new stake in Barnes Group during the second quarter valued at approximately $32,576,000. Finally, Kennedy Capital Management LLC grew its stake in shares of Barnes Group by 10.7% in the 1st quarter. Kennedy Capital Management LLC now owns 753,625 shares of the industrial products company’s stock valued at $27,997,000 after purchasing an additional 72,546 shares during the period. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barnes Group Company Profile

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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.

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