Barnes Group (NYSE:B) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Barnes Group (NYSE:B - Get Free Report) in a report issued on Saturday. The firm set a "sell" rating on the industrial products company's stock.

Several other research analysts have also weighed in on B. Truist Financial upped their price objective 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. DA Davidson reaffirmed a "neutral" rating and issued a $47.50 price target (down from $52.00) on shares of Barnes Group in a research note on Monday, October 7th.

Barnes Group Trading Up 0.0 %

Shares of NYSE:B traded up $0.01 during mid-day trading on Friday, hitting $47.21. The stock had a trading volume of 389,624 shares, compared to its average volume of 449,088. The company's 50 day moving average is $46.88 and its 200-day moving average is $42.57. Barnes Group has a 12-month low of $29.67 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. The company has a market cap of $2.40 billion, a PE ratio of -61.31 and a beta of 1.34.

Institutional Trading of Barnes Group

A number of hedge funds have recently bought and sold shares of B. Renaissance Technologies LLC lifted its position in shares of Barnes Group by 158.2% in the 2nd quarter. Renaissance Technologies LLC now owns 50,600 shares of the industrial products company's stock worth $2,095,000 after acquiring an additional 31,000 shares during the period. Jane Street Group LLC lifted its position in Barnes Group by 22.9% in the third quarter. Jane Street Group LLC now owns 153,917 shares of the industrial products company's stock worth $6,220,000 after purchasing an additional 28,649 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its stake in Barnes Group by 9.6% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 548,088 shares of the industrial products company's stock worth $22,148,000 after buying an additional 47,821 shares in the last quarter. William B. Walkup & Associates Inc. bought a new stake in Barnes Group in the 2nd quarter valued at $714,000. Finally, Barclays PLC raised its stake in shares of Barnes Group by 9.3% in the 3rd quarter. Barclays PLC now owns 132,462 shares of the industrial products company's stock valued at $5,353,000 after buying an additional 11,279 shares in the last quarter. 90.82% of the stock is owned by institutional investors.

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.