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

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

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

Barnes Group Stock Up 0.0 %

NYSE B opened at $47.21 on Friday. 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 52 week low of $29.67 and a 52 week high of $47.40. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of -61.31 and a beta of 1.34. The company has a fifty day moving average of $46.88 and a two-hundred day moving average of $42.57.

Institutional Investors Weigh In On Barnes Group

A number of large investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its stake 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 worth $66,000 after buying an additional 238 shares during the period. SG Americas Securities LLC acquired a new stake in Barnes Group during the 3rd quarter worth about $178,000. Centiva Capital LP acquired a new stake in Barnes Group during the 3rd quarter worth about $212,000. Captrust Financial Advisors purchased a new stake in Barnes Group during the 3rd quarter valued at about $224,000. Finally, Needham Investment Management LLC acquired a new position in shares of Barnes Group in the third quarter valued at about $242,000. Hedge funds and other institutional investors 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.