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

StockNews.com began coverage on shares of Barnes Group (NYSE:B) in a research report report published on Monday. The brokerage issued a sell rating on the industrial products company’s stock.

Other equities analysts have also issued research reports about the company. DA Davidson reiterated a “neutral” rating and set 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 increased their price objective 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 Stock Performance

Shares of B stock opened at $46.74 on Monday. Barnes Group has a 52 week low of $25.75 and a 52 week high of $47.40. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of -60.70, a PEG ratio of 3.43 and a beta of 1.35. The company has a 50-day simple moving average of $44.40 and a 200 day simple moving average of $41.14. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.28.

Institutional Trading of Barnes Group

A number of institutional investors have recently modified their holdings of the stock. Westwood Holdings Group Inc. bought a new stake in Barnes Group during the 2nd quarter worth approximately $32,576,000. Simcoe Capital Management LLC acquired a new stake in Barnes Group in the third quarter valued at $24,469,000. AYAL Capital Advisors Ltd acquired a new position in Barnes Group during the 2nd quarter worth about $12,166,000. Mason Capital Management LLC increased its stake 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 buying an additional 259,957 shares during the period. Finally, Vanguard Group Inc. lifted its stake 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 worth $211,366,000 after acquiring an additional 206,351 shares during the period. 90.82% of the stock is currently owned by institutional investors.

About Barnes Group

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.