Barnes Group (NYSE:B) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Barnes Group (NYSE:B - Free Report) in a research report report published on Friday morning. The brokerage issued a sell rating on the industrial products company's stock.

B has been the topic of a number of other research reports. DA Davidson reissued a "neutral" rating and issued a $47.50 target price (down previously from $52.00) on shares of Barnes Group in a research note on Monday, October 7th. Truist Financial upped their target price on shares of Barnes Group from $38.00 to $47.50 and gave the company a "hold" rating in a research note on Tuesday, October 8th.

Barnes Group Stock Performance

Shares of NYSE:B traded up $0.20 on Friday, hitting $46.90. 995,614 shares of the company were exchanged, compared to its average volume of 413,075. The company's 50 day moving average price is $40.98 and its two-hundred day moving average price is $39.58. Barnes Group has a one year low of $18.79 and a one year high of $47.03. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.33 and a current ratio of 2.24. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 521.11, a PEG ratio of 2.87 and a beta of 1.38.

Barnes Group (NYSE:B - Get Free Report) last posted its quarterly earnings data on Friday, July 26th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). Barnes Group had a positive return on equity of 5.21% and a negative net margin of 3.74%. The company had revenue of $382.23 million for the quarter, compared to the consensus estimate of $398.80 million. Research analysts expect that Barnes Group will post 1.62 earnings per share for the current year.

Hedge Funds Weigh In On Barnes Group

Several large investors have recently bought and sold shares of B. GAMMA Investing LLC lifted its holdings in 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 buying an additional 238 shares during the period. EntryPoint Capital LLC bought a new stake in Barnes Group in the first quarter valued at approximately $107,000. SG Americas Securities LLC bought a new stake in Barnes Group in the third quarter valued at approximately $178,000. QRG Capital Management Inc. bought a new stake in Barnes Group in the first quarter valued at approximately $217,000. Finally, Janney Montgomery Scott LLC bought a new stake in Barnes Group in the first quarter valued at approximately $253,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

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.