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

StockNews.com assumed coverage on shares of Barnes Group (NYSE:B) in a research note issued to investors on Saturday. The brokerage set a “sell” rating on the industrial products company’s stock.

Other research analysts have also issued reports about the company. DA Davidson reissued a “neutral” rating and set a $47.50 target price (down from $52.00) on shares of Barnes Group in a report on Monday, October 7th. Truist Financial upped their price objective on shares of Barnes Group from $38.00 to $47.50 and gave the company a “hold” rating in a report on Tuesday, October 8th.

Barnes Group Price Performance

Shares of NYSE B opened at $46.75 on Friday. 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 business has a 50-day moving average of $41.99 and a 200-day moving average of $40.04. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of -60.71, a PEG ratio of 3.22 and a beta of 1.38. Barnes Group has a fifty-two week low of $20.85 and a fifty-two week high of $47.12.

Institutional Trading of Barnes Group

A number of institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of 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 buying an additional 238 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Barnes Group in the 1st quarter valued at approximately $107,000. SG Americas Securities LLC bought a new stake in shares of Barnes Group during the 3rd quarter valued at approximately $178,000. QRG Capital Management Inc. acquired a new position in Barnes Group during the 1st quarter worth approximately $217,000. Finally, Janney Montgomery Scott LLC bought a new position in Barnes Group in the 1st quarter valued at approximately $253,000. 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.