Barnes Group (NYSE:B) Coverage Initiated by Analysts at StockNews.com

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

A number of other equities research analysts have also recently weighed in on the company. DA Davidson restated a “neutral” rating and issued 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 raised their price objective on Barnes Group from $38.00 to $47.50 and gave the company a “hold” rating in a research note on Tuesday, October 8th.

Barnes Group Trading Up 0.0 %

NYSE:B opened at $47.30 on Monday. Barnes Group has a twelve month low of $30.05 and a twelve month high of $47.40. The company has a market cap of $2.41 billion, a P/E ratio of -61.43 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. The business has a 50 day moving average price of $47.00 and a two-hundred day moving average price of $43.25.

Hedge Funds Weigh In On Barnes Group

A number of hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in Barnes Group by 17.1% in the third quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 238 shares in the last quarter. SG Americas Securities LLC bought a new stake in Barnes Group during the third quarter worth $178,000. Centiva Capital LP bought a new stake in Barnes Group during the third quarter worth $212,000. Captrust Financial Advisors bought a new stake in Barnes Group during the third quarter worth $224,000. Finally, Needham Investment Management LLC bought a new stake in shares of Barnes Group in the third quarter valued at $242,000. 90.82% of the stock is currently owned by 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.