StockNews.com Begins Coverage on Barnes Group (NYSE:B)

Stock analysts at StockNews.com began coverage on shares of Barnes Group (NYSE:B) in a research report issued to clients and investors on Sunday. The firm set a “sell” rating on the industrial products company’s stock.

Other equities analysts have also issued research reports about the company. DA Davidson restated 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 company a “hold” rating in a research report on Tuesday, October 8th.

Barnes Group Stock Up 0.2 %

Shares of B opened at $46.70 on Friday. The firm has a market capitalization of $2.38 billion, a P/E ratio of -60.65, a P/E/G ratio of 3.20 and a beta of 1.35. The firm has a fifty day moving average price of $42.66 and a 200-day moving average price of $40.48. Barnes Group has a 12-month low of $22.51 and a 12-month high of $47.40. The company has a current ratio of 2.28, a quick ratio of 1.35 and a debt-to-equity ratio of 0.87.

Institutional Investors Weigh In On Barnes Group

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in Barnes Group by 17.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 238 shares in the last quarter. EntryPoint Capital LLC acquired a new position in Barnes Group in the first quarter worth about $107,000. SG Americas Securities LLC acquired a new position in shares of Barnes Group in the 3rd quarter worth approximately $178,000. QRG Capital Management Inc. bought a new stake in shares of Barnes Group in the 1st quarter valued at approximately $217,000. Finally, Quest Partners LLC acquired a new stake in Barnes Group during the third quarter worth about $248,000. 90.82% of the stock is owned by institutional investors and hedge funds.

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.