Equities researchers at StockNews.com began coverage on shares of Barnes Group (NYSE:B - Get Free Report) in a report released on Tuesday. The firm set a "sell" rating on the industrial products company's stock.
Several other equities research analysts have also weighed in on B. Truist Financial lifted their price target 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 restated a "neutral" rating and set a $47.50 price target (down from $52.00) on shares of Barnes Group in a research report on Monday, October 7th.
Read Our Latest Stock Analysis on B
Barnes Group Price Performance
NYSE:B traded down $0.05 during mid-day trading on Tuesday, reaching $46.85. The stock had a trading volume of 358,869 shares, compared to its average volume of 434,895. The firm has a 50 day moving average price of $44.75 and a two-hundred day moving average price of $41.32. The stock has a market capitalization of $2.39 billion, a P/E ratio of -60.86, a P/E/G ratio of 3.36 and a beta of 1.35. Barnes Group has a one year low of $25.75 and a one year 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
A number of hedge funds have recently bought and sold shares of the business. Westwood Holdings Group Inc. acquired a new stake in shares of Barnes Group in the second quarter valued at approximately $32,576,000. Simcoe Capital Management LLC acquired a new stake in shares of Barnes Group in the third quarter valued at approximately $24,469,000. AYAL Capital Advisors Ltd acquired a new stake in shares of Barnes Group in the second quarter valued at approximately $12,166,000. Mason Capital Management LLC increased its holdings in shares of Barnes Group by 32.9% in the second quarter. Mason Capital Management LLC now owns 1,050,079 shares of the industrial products company's stock valued at $43,484,000 after purchasing an additional 259,957 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Barnes Group by 3.8% in the first quarter. Vanguard Group Inc. now owns 5,689,535 shares of the industrial products company's stock valued at $211,366,000 after purchasing an additional 206,351 shares during the last quarter. Hedge funds and other institutional investors own 90.82% of the company's stock.
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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