Research analysts at StockNews.com initiated coverage on shares of Barnes Group (NYSE:B - Get Free Report) in a research report issued on Monday. The brokerage set a "sell" rating on the industrial products company's stock.
A number of other equities research analysts have also recently issued reports on B. Truist Financial boosted their price objective on Barnes Group from $38.00 to $47.50 and gave the company a "hold" rating in a research note on Tuesday, October 8th. DA Davidson reissued a "neutral" rating and issued a $47.50 price target (down previously from $52.00) on shares of Barnes Group in a research report on Monday, October 7th.
View Our Latest Research Report on B
Barnes Group Stock Performance
Barnes Group stock traded up $0.01 during trading on Monday, hitting $46.69. The stock had a trading volume of 474,543 shares, compared to its average volume of 432,717. The stock's 50 day moving average is $43.50 and its two-hundred day moving average is $40.91. Barnes Group has a 1 year low of $25.75 and a 1 year high of $47.40. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of -60.62, a price-to-earnings-growth 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.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake 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 worth $211,366,000 after acquiring an additional 206,351 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Barnes Group by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,587,611 shares of the industrial products company's stock worth $148,565,000 after acquiring an additional 60,152 shares during the period. Mason Capital Management LLC boosted its stake in shares of Barnes Group by 32.9% during the 2nd 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 in the last quarter. Westwood Holdings Group Inc. bought a new position in shares of Barnes Group in the 2nd quarter worth approximately $32,576,000. Finally, Kennedy Capital Management LLC raised its holdings in Barnes Group by 10.7% in the first quarter. Kennedy Capital Management LLC now owns 753,625 shares of the industrial products company's stock worth $27,997,000 after purchasing an additional 72,546 shares in the last quarter. 90.82% of the stock is owned by institutional investors.
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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