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

Equities researchers at StockNews.com started coverage on shares of Barnes Group (NYSE:B) in a report issued on Tuesday. The brokerage set a “sell” rating on the industrial products company’s stock.

Other analysts also recently issued reports about the company. Truist Financial increased their price target on Barnes Group from $38.00 to $47.50 and gave the company a “hold” rating in a report on Tuesday, October 8th. DA Davidson reiterated a “neutral” rating and issued a $47.50 target price (down previously from $52.00) on shares of Barnes Group in a research note on Monday, October 7th.

Barnes Group Price Performance

B opened at $46.90 on Tuesday. Barnes Group has a 52-week low of $25.75 and a 52-week high of $47.40. The company has a 50 day moving average of $44.75 and a two-hundred day moving average of $41.32. The company has a market cap of $2.39 billion, a P/E ratio of -60.91, a P/E/G ratio of 3.36 and a beta of 1.35. The company has a quick ratio of 1.35, a current ratio of 2.28 and a debt-to-equity ratio of 0.87.

Institutional Trading of Barnes Group

Several large investors have recently modified their holdings of B. Westwood Holdings Group Inc. acquired a new stake in shares of Barnes Group during the second quarter worth approximately $32,576,000. Simcoe Capital Management LLC bought a new position in Barnes Group during the 3rd quarter valued at $24,469,000. AYAL Capital Advisors Ltd acquired a new position in Barnes Group during the 2nd quarter worth $12,166,000. Mason Capital Management LLC increased its position in shares of Barnes Group by 32.9% in the 2nd quarter. Mason Capital Management LLC now owns 1,050,079 shares of the industrial products company’s stock worth $43,484,000 after purchasing an additional 259,957 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Barnes Group by 3.8% in the 1st 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 in the last quarter. 90.82% of the stock is currently owned by institutional investors and hedge funds.

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.