Barnes Group Inc. (NYSE:B - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $47.48 and last traded at $47.47, with a volume of 1540090 shares traded. The stock had previously closed at $47.39.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on B. StockNews.com assumed coverage on shares of Barnes Group in a research report on Tuesday. They issued a "sell" rating for the company. DA Davidson reiterated a "neutral" rating and set a $47.50 price objective (down previously from $52.00) on shares of Barnes Group in a research note on Monday, October 7th. Finally, Truist Financial upped their target price on Barnes Group from $38.00 to $47.50 and gave the stock a "hold" rating in a research report on Tuesday, October 8th.
Check Out Our Latest Stock Analysis on B
Barnes Group Price Performance
The company has a quick ratio of 1.35, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. The stock's 50 day moving average price is $47.10 and its two-hundred day moving average price is $43.55. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of -61.64 and a beta of 1.32.
Institutional Investors Weigh In On Barnes Group
Large investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its position in shares of 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 purchasing an additional 238 shares during the period. KBC Group NV raised its holdings in Barnes Group by 52.4% in the 4th 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. SG Americas Securities LLC acquired a new position in Barnes Group during the 3rd quarter worth $178,000. Centiva Capital LP bought a new stake in Barnes Group during the third quarter valued at about $212,000. Finally, Captrust Financial Advisors acquired a new stake in shares of Barnes Group in the third quarter valued at about $224,000. 90.82% of the stock is currently 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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