StockNews.com began coverage on shares of Barnes Group (NYSE:B - Free Report) in a report published on Sunday. The brokerage issued a sell rating on the industrial products company's stock.
B has been the topic of a number of other reports. Truist Financial upped their target price on shares of Barnes Group from $38.00 to $47.50 and gave the stock a "hold" rating in a research report on Tuesday, October 8th. DA Davidson restated a "neutral" rating and issued a $47.50 price objective (down previously from $52.00) on shares of Barnes Group in a report on Monday, October 7th.
View Our Latest Analysis on Barnes Group
Barnes Group Trading Up 0.2 %
B stock traded up $0.07 on Friday, reaching $46.70. The company's stock had a trading volume of 375,210 shares, compared to its average volume of 802,222. The firm has a market cap of $2.38 billion, a PE ratio of -60.65, a PEG ratio of 3.20 and a beta of 1.35. The business has a fifty day simple moving average of $42.66 and a two-hundred day simple moving average of $40.51. Barnes Group has a 12-month low of $22.51 and a 12-month high of $47.40. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.28.
Hedge Funds Weigh In On Barnes Group
Institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its holdings in Barnes Group by 64.8% in the 1st quarter. BNP Paribas Financial Markets now owns 26,382 shares of the industrial products company's stock worth $980,000 after purchasing an additional 10,373 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Barnes Group in the first quarter worth about $253,000. Texas Permanent School Fund Corp lifted its position in shares of Barnes Group by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 44,350 shares of the industrial products company's stock valued at $1,648,000 after buying an additional 574 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Barnes Group in the 1st quarter worth approximately $208,000. Finally, QRG Capital Management Inc. bought a new stake in Barnes Group during the 1st quarter worth approximately $217,000. 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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