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

Stock analysts at StockNews.com assumed coverage on shares of Barnes Group (NYSE:B - Get Free Report) in a report released on Sunday. The brokerage set a "sell" rating on the industrial products company's stock.

Other equities analysts also recently issued reports about the company. 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. Truist Financial increased their target price on shares of Barnes Group from $38.00 to $47.50 and gave the company a "hold" rating in a research report on Tuesday, October 8th.

Barnes Group Stock Down 0.2 %

B stock traded down $0.08 during mid-day trading on Friday, reaching $47.18. The company had a trading volume of 1,109,043 shares, compared to its average volume of 863,972. Barnes Group has a fifty-two week low of $29.67 and a fifty-two week high of $47.40. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of -61.27 and a beta of 1.34. 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 firm has a fifty day simple moving average of $46.93 and a 200 day simple moving average of $42.91.

Institutional Investors Weigh In On Barnes Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC lifted its holdings in Barnes Group by 158.2% in the 2nd 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 in the last quarter. Jane Street Group LLC lifted its holdings in shares of Barnes Group by 22.9% during 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 acquiring an additional 28,649 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its position in Barnes Group by 9.6% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 548,088 shares of the industrial products company's stock worth $22,148,000 after purchasing an additional 47,821 shares during the period. William B. Walkup & Associates Inc. acquired a new stake in Barnes Group in the 2nd quarter valued at $714,000. Finally, Barclays PLC raised its position in Barnes Group by 9.3% in the third quarter. Barclays PLC now owns 132,462 shares of the industrial products company's stock valued at $5,353,000 after purchasing an additional 11,279 shares during the period. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

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.