Barnes Group Inc. (NYSE:B - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $47.40 and last traded at $47.18, with a volume of 50573 shares trading hands. The stock had previously closed at $47.18.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on B. DA Davidson reaffirmed a "neutral" rating and set a $47.50 price objective (down from $52.00) on shares of Barnes Group in a report on Monday, October 7th. StockNews.com initiated coverage on Barnes Group in a research note on Friday, December 20th. They set a "sell" rating for the company. Finally, Truist Financial lifted their price objective on Barnes Group from $38.00 to $47.50 and gave the stock a "hold" rating in a research note on Tuesday, October 8th.
View Our Latest Stock Report on Barnes Group
Barnes Group Stock Up 0.0 %
The company's fifty day simple moving average is $46.86 and its 200-day simple moving average is $42.50. The firm has a market capitalization of $2.40 billion, a PE ratio of -61.30 and a beta of 1.34. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 1.35.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of B. Dimensional Fund Advisors LP increased its stake in shares of 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 grew its position in 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 worth $43,484,000 after purchasing an additional 259,957 shares during the period. Westwood Holdings Group Inc. acquired a new stake in Barnes Group during the 2nd quarter worth about $32,576,000. Simcoe Capital Management LLC purchased a new position in shares of Barnes Group during the 3rd quarter valued at about $24,469,000. Finally, Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Barnes Group by 9.6% in the 3rd 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 period. 90.82% of the stock is owned by institutional investors and hedge funds.
Barnes Group Company Profile
(
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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