Barnes Group (NYSE:B) Now Covered by Analysts at StockNews.com

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

Other research analysts also recently issued reports about the company. Truist Financial lifted 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 reissued a “neutral” rating and issued a $47.50 price objective (down from $52.00) on shares of Barnes Group in a research report on Monday, October 7th.

Barnes Group Stock Down 0.0 %

Shares of B stock opened at $46.74 on Monday. Barnes Group has a 52-week low of $25.75 and a 52-week high of $47.40. 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 market cap of $2.38 billion, a price-to-earnings ratio of -60.70, a PEG ratio of 3.21 and a beta of 1.35. The firm’s 50-day moving average is $44.19 and its 200-day moving average is $41.10.

Institutional Investors Weigh In On Barnes Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Westwood Holdings Group Inc. acquired a new position in Barnes Group in the 2nd quarter valued at $32,576,000. Simcoe Capital Management LLC bought a new stake in Barnes Group during the third quarter worth about $24,469,000. AYAL Capital Advisors Ltd acquired a new stake in Barnes Group during the second quarter worth about $12,166,000. Mason Capital Management LLC increased its holdings in Barnes Group by 32.9% in 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 buying an additional 259,957 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of 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 in the last quarter. 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.