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

Investment analysts at StockNews.com assumed coverage on shares of Barnes Group (NYSE:B) in a report issued on Monday. The firm set a “sell” rating on the industrial products company’s stock.

Other equities analysts have also issued research reports about the company. Truist Financial raised 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 report on Monday, October 7th.

Barnes Group Price Performance

Barnes Group stock opened at $46.68 on Monday. Barnes Group has a 1-year low of $25.39 and a 1-year high of $47.40. The business has a fifty day moving average price of $43.50 and a 200-day moving average price of $40.91. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 1.35. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of -60.62, a PEG ratio of 3.21 and a beta of 1.35.

Hedge Funds Weigh In On Barnes Group

A number of institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in shares of Barnes Group by 17.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 238 shares during the period. EntryPoint Capital LLC acquired a new position in shares of Barnes Group in the first quarter worth about $107,000. SG Americas Securities LLC purchased a new stake in shares of Barnes Group during the 3rd quarter worth about $178,000. Centiva Capital LP acquired a new stake in shares of Barnes Group during the 3rd quarter valued at about $212,000. Finally, Captrust Financial Advisors acquired a new stake in shares of Barnes Group during the 3rd quarter valued at about $224,000. 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.