Analysts at StockNews.com started coverage on shares of Barnes Group (NYSE:B - Get Free Report) in a research report issued on Friday. The firm set a "sell" rating on the industrial products company's stock.
Other equities research analysts have also issued reports about the stock. Truist Financial upped their price target on shares of Barnes Group from $38.00 to $47.50 and gave the company a "hold" rating in a report on Tuesday, October 8th. DA Davidson reaffirmed a "neutral" rating and set a $47.50 target price (down from $52.00) on shares of Barnes Group in a report on Monday, October 7th.
Check Out Our Latest Report on Barnes Group
Barnes Group Stock Performance
Shares of NYSE B traded up $0.03 during midday trading on Friday, reaching $47.16. The company had a trading volume of 1,879,929 shares, compared to its average volume of 450,155. The stock has a market cap of $2.40 billion, a P/E ratio of -61.25 and a beta of 1.34. The company has a current ratio of 2.28, a quick ratio of 1.35 and a debt-to-equity ratio of 0.87. Barnes Group has a 1 year low of $29.67 and a 1 year high of $47.40. The business's 50-day simple moving average is $46.81 and its 200 day simple moving average is $42.18.
Hedge Funds Weigh In On Barnes Group
Several institutional investors and hedge funds have recently bought and sold shares of B. Renaissance Technologies LLC raised its position in Barnes Group by 158.2% in the second quarter. Renaissance Technologies LLC now owns 50,600 shares of the industrial products company's stock valued at $2,095,000 after purchasing an additional 31,000 shares during the period. Jane Street Group LLC raised its holdings in Barnes Group by 22.9% in the 3rd quarter. Jane Street Group LLC now owns 153,917 shares of the industrial products company's stock valued at $6,220,000 after buying an additional 28,649 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its position in Barnes Group by 9.6% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 548,088 shares of the industrial products company's stock valued at $22,148,000 after buying an additional 47,821 shares during the last quarter. William B. Walkup & Associates Inc. purchased a new position in Barnes Group during the second quarter worth about $714,000. Finally, Quadrature Capital Ltd purchased a new position in Barnes Group during the third quarter worth about $432,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.
About Barnes Group
(
Get Free Report)
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.
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