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

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

A number of other research analysts also recently issued reports on B. Truist Financial lifted their price objective on shares of Barnes Group from $38.00 to $47.50 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. DA Davidson reaffirmed a “neutral” rating and issued a $47.50 price target (down from $52.00) on shares of Barnes Group in a report on Monday, October 7th.

Barnes Group Trading Up 0.1 %

Shares of NYSE B opened at $46.71 on Monday. The business has a fifty day moving average price of $43.72 and a 200 day moving average price of $40.99. Barnes Group has a 1-year low of $25.75 and a 1-year high of $47.40. 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 stock has a market capitalization of $2.38 billion, a P/E ratio of -60.66, a price-to-earnings-growth ratio of 3.21 and a beta of 1.35.

Hedge Funds Weigh In On Barnes Group

Several hedge funds have recently modified their holdings of B. GAMMA Investing LLC increased its holdings in shares of Barnes Group by 17.1% in the third quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 238 shares during the period. QRG Capital Management Inc. raised its position in Barnes Group by 4.1% during the 2nd quarter. QRG Capital Management Inc. now owns 6,073 shares of the industrial products company’s stock worth $251,000 after buying an additional 240 shares during the last quarter. Texas Permanent School Fund Corp lifted its stake in Barnes Group by 0.6% during the 2nd quarter. Texas Permanent School Fund Corp now owns 44,613 shares of the industrial products company’s stock valued at $1,847,000 after acquiring an additional 263 shares during the period. Natixis Advisors LLC lifted its stake in Barnes Group by 2.8% during the 3rd quarter. Natixis Advisors LLC now owns 11,733 shares of the industrial products company’s stock valued at $474,000 after acquiring an additional 323 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Barnes Group by 3.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,608 shares of the industrial products company’s stock valued at $469,000 after acquiring an additional 348 shares during the last quarter. Institutional investors and hedge funds 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.