Barnes Group (NYSE:B) Research Coverage Started at StockNews.com

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

B has been the subject of several other research reports. DA Davidson restated a “neutral” rating and issued a $47.50 price objective (down previously from $52.00) on shares of Barnes Group in a report on Monday, October 7th. Truist Financial boosted their price target 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 Price Performance

B stock opened at $47.28 on Friday. The stock has a 50-day moving average price of $46.95 and a two-hundred day moving average price of $43.02. Barnes Group has a 1 year low of $29.69 and a 1 year high of $47.40. The stock has a market cap of $2.41 billion, a PE ratio of -61.40 and a beta of 1.32. The company has a current ratio of 2.28, a quick ratio of 1.35 and a debt-to-equity ratio of 0.87.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in B. JPMorgan Chase & Co. lifted its holdings in Barnes Group by 15.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 92,185 shares of the industrial products company’s stock valued at $3,725,000 after purchasing an additional 12,156 shares during the last quarter. Barclays PLC boosted its holdings in shares of Barnes Group by 9.3% during the 3rd quarter. Barclays PLC now owns 132,462 shares of the industrial products company’s stock worth $5,353,000 after buying an additional 11,279 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Barnes Group in the 3rd quarter valued at about $676,000. XTX Topco Ltd bought a new position in Barnes Group in the 3rd quarter valued at about $492,000. Finally, Jane Street Group LLC lifted its position in Barnes Group by 22.9% during the third quarter. Jane Street Group LLC now owns 153,917 shares of the industrial products company’s stock worth $6,220,000 after acquiring an additional 28,649 shares during the last quarter. 90.82% of the stock is currently 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.