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

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

A number of other brokerages have also weighed in on B. DA Davidson restated a “neutral” rating and issued a $47.50 price objective (down from $52.00) on shares of Barnes Group in a report on Monday, October 7th. Truist Financial raised 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.

Barnes Group Stock Performance

Shares of B stock opened at $46.70 on Friday. Barnes Group has a 52 week low of $22.13 and a 52 week high of $47.12. The stock has a market capitalization of $2.38 billion, a PE ratio of -60.65, a P/E/G ratio of 3.21 and a beta of 1.35. 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 firm has a 50 day moving average of $42.14 and a two-hundred day moving average of $40.21.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in B. GAMMA Investing LLC lifted its holdings in Barnes Group by 17.1% in the 3rd 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 in the last quarter. EntryPoint Capital LLC purchased a new stake in Barnes Group during the 1st quarter worth $107,000. SG Americas Securities LLC acquired a new position in shares of Barnes Group in the third quarter worth about $178,000. QRG Capital Management Inc. purchased a new position in shares of Barnes Group during the 1st quarter valued at approximately $217,000. Finally, Janney Montgomery Scott LLC acquired a new position in Barnes Group during the 1st quarter worth $253,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

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.