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

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

B has been the topic of several other research reports. Truist Financial boosted their price objective 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. 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.

Barnes Group Price Performance

Shares of NYSE B opened at $47.25 on Monday. Barnes Group has a 1 year low of $29.69 and a 1 year high of $47.40. 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 company’s 50-day moving average is $46.98 and its 200 day moving average is $43.17. The stock has a market capitalization of $2.41 billion, a P/E ratio of -61.36 and a beta of 1.32.

Institutional Trading of Barnes Group

A number of hedge funds and other institutional investors have recently modified their holdings of B. Dimensional Fund Advisors LP boosted its position in shares of Barnes Group by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,587,611 shares of the industrial products company’s stock worth $148,565,000 after acquiring an additional 60,152 shares during the last quarter. Mason Capital Management LLC boosted its position in shares of Barnes Group by 32.9% during the second quarter. Mason Capital Management LLC now owns 1,050,079 shares of the industrial products company’s stock worth $43,484,000 after acquiring an additional 259,957 shares during the last quarter. Westwood Holdings Group Inc. bought a new position in shares of Barnes Group during the second quarter worth $32,576,000. Simcoe Capital Management LLC bought a new position in shares of Barnes Group during the third quarter worth $24,469,000. Finally, Patriot Financial Group Insurance Agency LLC boosted its position in shares of Barnes Group by 9.6% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 548,088 shares of the industrial products company’s stock worth $22,148,000 after acquiring an additional 47,821 shares during the last quarter. 90.82% of the stock is owned by hedge funds and other 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.