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

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

A number of other research analysts have also issued reports on the stock. DA Davidson reiterated a “neutral” rating and issued a $47.50 target price (down from $52.00) on shares of Barnes Group in a research note on Monday, October 7th. Truist Financial raised their price target on 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 Down 0.1 %

B opened at $46.85 on Tuesday. The firm has a market cap of $2.39 billion, a P/E ratio of -60.86, a price-to-earnings-growth ratio of 3.36 and a beta of 1.35. 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 business has a 50 day moving average price of $44.75 and a 200 day moving average price of $41.32. Barnes Group has a twelve month low of $25.75 and a twelve month high of $47.40.

Institutional Trading of Barnes Group

A number of hedge funds have recently bought and sold shares of B. GAMMA Investing LLC raised its position in shares of Barnes Group by 17.1% during the third 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. SG Americas Securities LLC bought a new position in Barnes Group during the third quarter valued at about $178,000. Centiva Capital LP acquired a new position in Barnes Group in the 3rd quarter valued at approximately $212,000. Captrust Financial Advisors bought a new stake in shares of Barnes Group in the 3rd quarter worth approximately $224,000. Finally, Needham Investment Management LLC bought a new stake in shares of Barnes Group in the 3rd quarter worth approximately $242,000. 90.82% of the stock is owned by institutional investors.

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.