Barnes Group (NYSE:B) Earns Sell Rating from Analysts at StockNews.com

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

Other research analysts have also issued research reports about the company. Truist Financial upped their price objective on Barnes Group from $38.00 to $47.50 and gave the stock a “hold” rating in a report on Tuesday, October 8th. DA Davidson restated a “neutral” rating and set a $47.50 price objective (down from $52.00) on shares of Barnes Group in a research report on Monday, October 7th.

Barnes Group Stock Down 0.0 %

Shares of Barnes Group stock opened at $46.84 on Tuesday. Barnes Group has a one year low of $25.85 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. The firm has a fifty day moving average of $45.24 and a two-hundred day moving average of $41.45. The company has a market cap of $2.39 billion, a P/E ratio of -60.86, a PEG ratio of 3.36 and a beta of 1.35.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in shares of Barnes Group by 17.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 238 shares during the period. QRG Capital Management Inc. grew its stake in Barnes Group by 4.1% in the second quarter. QRG Capital Management Inc. now owns 6,073 shares of the industrial products company’s stock worth $251,000 after purchasing an additional 240 shares in the last quarter. Texas Permanent School Fund Corp raised its position in shares of Barnes Group by 0.6% during the 2nd quarter. Texas Permanent School Fund Corp now owns 44,613 shares of the industrial products company’s stock valued at $1,847,000 after acquiring an additional 263 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of Barnes Group by 2.8% during the third quarter. Natixis Advisors LLC now owns 11,733 shares of the industrial products company’s stock worth $474,000 after purchasing an additional 323 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in Barnes Group by 3.1% during the third quarter. BNP Paribas Financial Markets now owns 11,608 shares of the industrial products company’s stock worth $469,000 after acquiring an additional 348 shares during the period. 90.82% of the stock is currently owned by hedge funds and other 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.