StockNews.com began coverage on shares of Barnes Group (NYSE:B - Free Report) in a research note released on Thursday morning. The brokerage issued a sell rating on the industrial products company's stock.
Other equities analysts also recently issued reports about the company. Truist Financial upped their target price on Barnes Group from $38.00 to $47.50 and gave the company a "hold" rating in a research report on Tuesday, October 8th. DA Davidson reissued a "neutral" rating and issued a $47.50 price objective (down from $52.00) on shares of Barnes Group in a report on Monday, October 7th.
Check Out Our Latest Analysis on B
Barnes Group Stock Up 0.0 %
Shares of NYSE B traded up $0.01 during mid-day trading on Thursday, reaching $47.05. 402,738 shares of the company were exchanged, compared to its average volume of 436,140. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of -61.10 and a beta of 1.34. 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 firm has a 50-day moving average of $46.72 and a 200 day moving average of $41.90. Barnes Group has a 1 year low of $28.39 and a 1 year high of $47.40.
Hedge Funds Weigh In On Barnes Group
A number of hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in Barnes Group by 17.1% in the 3rd 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 last quarter. QRG Capital Management Inc. raised its position in shares of Barnes Group by 4.1% in the second quarter. QRG Capital Management Inc. now owns 6,073 shares of the industrial products company's stock valued at $251,000 after buying an additional 240 shares during the last quarter. Texas Permanent School Fund Corp lifted its stake in shares of Barnes Group by 0.6% in the second quarter. Texas Permanent School Fund Corp now owns 44,613 shares of the industrial products company's stock worth $1,847,000 after buying an additional 263 shares in the last quarter. Natixis Advisors LLC boosted its position in Barnes Group by 2.8% during the third quarter. Natixis Advisors LLC now owns 11,733 shares of the industrial products company's stock worth $474,000 after acquiring an additional 323 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Barnes Group by 3.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,608 shares of the industrial products company's stock valued at $469,000 after acquiring an additional 348 shares in the last quarter. Hedge funds and other institutional investors own 90.82% of the company's stock.
About Barnes Group
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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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