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

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

Several other brokerages have also recently weighed in on B. Truist Financial boosted their price objective on shares of Barnes Group from $38.00 to $47.50 and gave the stock a “hold” rating in a research note on Tuesday, October 8th. 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 report on Monday, October 7th.

Barnes Group Stock Performance

Shares of Barnes Group stock opened at $46.61 on Friday. The company has a quick ratio of 1.35, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. Barnes Group has a twelve month low of $24.55 and a twelve month high of $47.40. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of -60.53, a P/E/G ratio of 3.21 and a beta of 1.35. The company’s fifty day moving average is $43.12 and its 200 day moving average is $40.71.

Institutional Trading of Barnes Group

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Barnes Group by 3.8% during the first quarter. Vanguard Group Inc. now owns 5,689,535 shares of the industrial products company’s stock valued at $211,366,000 after purchasing an additional 206,351 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Barnes Group by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,587,611 shares of the industrial products company’s stock valued at $148,565,000 after purchasing an additional 60,152 shares during the period. Mason Capital Management LLC raised its holdings in shares of Barnes Group by 32.9% during the second quarter. Mason Capital Management LLC now owns 1,050,079 shares of the industrial products company’s stock valued at $43,484,000 after purchasing an additional 259,957 shares during the period. Westwood Holdings Group Inc. acquired a new position in shares of Barnes Group during the second quarter valued at about $32,576,000. Finally, Kennedy Capital Management LLC raised its holdings in shares of Barnes Group by 10.7% in the 1st quarter. Kennedy Capital Management LLC now owns 753,625 shares of the industrial products company’s stock worth $27,997,000 after acquiring an additional 72,546 shares during the last quarter. Institutional investors 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.