StockNews.com Begins Coverage on Barnes Group (NYSE:B)

Equities research analysts at StockNews.com began coverage on shares of Barnes Group (NYSE:B - Get Free Report) in a research note issued on Wednesday. The brokerage set a "sell" rating on the industrial products company's stock.

Other research analysts have also issued reports about the stock. DA Davidson reissued a "neutral" rating and issued a $47.50 target price (down from $52.00) on shares of Barnes Group in a report on Monday, October 7th. Truist Financial lifted their price target on Barnes Group from $38.00 to $47.50 and gave the stock a "hold" rating in a research report on Tuesday, October 8th.

Barnes Group Price Performance

Barnes Group stock remained flat at $47.48 during midday trading on Wednesday. The company has a current ratio of 2.28, a quick ratio of 1.35 and a debt-to-equity ratio of 0.87. Barnes Group has a one year low of $32.00 and a one year high of $47.50. The firm has a market cap of $2.42 billion, a P/E ratio of -61.66 and a beta of 1.32. The stock has a 50 day moving average price of $47.15 and a 200-day moving average price of $43.72.

Institutional Trading of Barnes Group

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its stake 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 acquiring an additional 238 shares in the last quarter. KBC Group NV boosted its stake in shares of Barnes Group by 52.4% in the 4th quarter. KBC Group NV now owns 2,186 shares of the industrial products company's stock valued at $103,000 after buying an additional 752 shares during the period. SG Americas Securities LLC acquired a new position in shares of Barnes Group during the third quarter worth about $178,000. Centiva Capital LP purchased a new stake in shares of Barnes Group during the third quarter worth approximately $212,000. Finally, Captrust Financial Advisors acquired a new stake in Barnes Group in the third quarter valued at approximately $224,000. Hedge funds and other institutional investors own 90.82% of the company's stock.

Barnes Group Company Profile

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.