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

StockNews.com started coverage on shares of Barnes Group (NYSE:B) in a report published on Monday morning. The firm issued a sell rating on the industrial products company’s stock.

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

Barnes Group Price Performance

Shares of B stock opened at $46.74 on Monday. Barnes Group has a 52 week low of $25.75 and a 52 week high of $47.40. The stock has a market capitalization of $2.38 billion, a PE ratio of -60.70, a PEG ratio of 3.43 and a beta of 1.35. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.28. The stock’s fifty day moving average is $44.40 and its 200-day moving average is $41.14.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC boosted its stake 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. QRG Capital Management Inc. boosted its position in Barnes Group by 4.1% during the second quarter. QRG Capital Management Inc. now owns 6,073 shares of the industrial products company’s stock valued at $251,000 after purchasing an additional 240 shares during the last quarter. Texas Permanent School Fund Corp grew its stake in Barnes Group by 0.6% in the second quarter. Texas Permanent School Fund Corp now owns 44,613 shares of the industrial products company’s stock valued at $1,847,000 after purchasing an additional 263 shares in the last quarter. Natixis Advisors LLC increased its position in shares of Barnes Group by 2.8% during the 3rd 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, BNP Paribas Financial Markets raised its stake in shares of Barnes Group by 3.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,608 shares of the industrial products company’s stock worth $469,000 after purchasing an additional 348 shares in the last quarter. 90.82% of the stock is owned by institutional investors and hedge funds.

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.