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

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

Several other brokerages also recently weighed in on B. DA Davidson restated a “neutral” rating and set a $47.50 price objective (down previously from $52.00) on shares of Barnes Group in a research report on Monday, October 7th. Truist Financial upped 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 Trading Up 0.0 %

Shares of B stock opened at $47.47 on Tuesday. 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 has a market capitalization of $2.42 billion, a P/E ratio of -61.64 and a beta of 1.32. The company has a 50 day moving average price of $47.10 and a 200 day moving average price of $43.55. Barnes Group has a fifty-two week low of $31.63 and a fifty-two week high of $47.48.

Institutional Trading of Barnes Group

Several large investors have recently bought and sold shares of the company. GAMMA Investing LLC grew its position 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 valued at $66,000 after acquiring an additional 238 shares in the last quarter. Natixis Advisors LLC grew 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 valued at $474,000 after buying an additional 323 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Barnes Group by 3.1% during the third quarter. BNP Paribas Financial Markets now owns 11,608 shares of the industrial products company’s stock worth $469,000 after acquiring an additional 348 shares during the period. Handelsbanken Fonder AB raised its stake in Barnes Group by 5.1% during the third quarter. Handelsbanken Fonder AB now owns 10,355 shares of the industrial products company’s stock worth $418,000 after acquiring an additional 500 shares during the period. Finally, KBC Group NV raised its stake in Barnes Group by 52.4% during the fourth quarter. KBC Group NV now owns 2,186 shares of the industrial products company’s stock worth $103,000 after acquiring an additional 752 shares during the period. 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.