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

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

Barnes Group Price Performance

Shares of B opened at $47.48 on Monday. Barnes Group has a fifty-two week low of $32.00 and a fifty-two week high of $47.50. The firm’s 50 day moving average price is $47.41 and its 200 day moving average price is $45.23. The company has a market cap of $2.42 billion, a P/E ratio of -61.66 and a beta of 1.32. The company has a quick ratio of 1.35, a current ratio of 2.28 and a debt-to-equity ratio of 0.87.

Institutional Investors Weigh In On Barnes Group

A number of large investors have recently modified their holdings of the company. LPL Financial LLC increased its position in shares of Barnes Group by 5.4% in the 4th quarter. LPL Financial LLC now owns 5,591 shares of the industrial products company’s stock valued at $264,000 after purchasing an additional 285 shares during the last quarter. Mariner LLC increased its position in shares of Barnes Group by 5.2% in the 4th quarter. Mariner LLC now owns 6,060 shares of the industrial products company’s stock valued at $286,000 after purchasing an additional 297 shares during the last quarter. Summit Investment Advisors Inc. increased its position in shares of Barnes Group by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,859 shares of the industrial products company’s stock valued at $230,000 after purchasing an additional 309 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of Barnes Group by 2.8% in the 3rd quarter. Natixis Advisors LLC now owns 11,733 shares of the industrial products company’s stock valued at $474,000 after buying an additional 323 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Barnes Group by 117.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 621 shares of the industrial products company’s stock valued at $29,000 after buying an additional 336 shares in 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.