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

StockNews.com started coverage on shares of Barnes Group (NYSE:B) in a report released on Saturday. The firm set a “sell” rating on the industrial products company’s stock.

Barnes Group Price Performance

Shares of Barnes Group stock opened at $47.48 on Friday. The business has a 50-day moving average of $47.35 and a 200-day moving average of $44.46. 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 has a market capitalization of $2.42 billion, a PE ratio of -61.66 and a beta of 1.32. Barnes Group has a 1-year low of $32.00 and a 1-year high of $47.50.

Hedge Funds Weigh In On Barnes Group

Several large investors have recently modified their holdings of the stock. LPL Financial LLC lifted its position in shares of Barnes Group by 5.4% during the fourth quarter. LPL Financial LLC now owns 5,591 shares of the industrial products company’s stock worth $264,000 after purchasing an additional 285 shares during the last quarter. Mariner LLC lifted its position in shares of Barnes Group by 5.2% during the fourth quarter. Mariner LLC now owns 6,060 shares of the industrial products company’s stock worth $286,000 after purchasing an additional 297 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in shares of Barnes Group by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,859 shares of the industrial products company’s stock worth $230,000 after purchasing an additional 309 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of Barnes Group by 2.8% during the third quarter. Natixis Advisors LLC now owns 11,733 shares of the industrial products company’s stock worth $474,000 after purchasing an additional 323 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Barnes Group by 117.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 621 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 336 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.

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.