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

StockNews.com started coverage on shares of Barnes Group (NYSE:B) in a research report issued to clients and investors on Wednesday. The firm set a “sell” rating on the industrial products company’s stock.

Barnes Group Price Performance

Barnes Group stock opened at $47.48 on Wednesday. The company has a market capitalization of $2.42 billion, a P/E ratio of -61.66 and a beta of 1.32. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.28. Barnes Group has a fifty-two week low of $32.65 and a fifty-two week high of $47.50. The stock has a 50-day simple moving average of $47.47 and a 200-day simple moving average of $45.97.

Institutional Trading of Barnes Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its stake in Barnes Group by 117.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 621 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 336 shares during the last quarter. CoreCap Advisors LLC purchased a new stake in shares of Barnes Group during the fourth quarter worth approximately $50,000. Lazard Asset Management LLC acquired a new stake in shares of Barnes Group during the fourth quarter worth $55,000. Vestcor Inc purchased a new position in Barnes Group in the 4th quarter valued at $56,000. Finally, Sterling Capital Management LLC increased its stake in Barnes Group by 820.1% in the 4th quarter. Sterling Capital Management LLC now owns 1,463 shares of the industrial products company’s stock valued at $69,000 after buying an additional 1,304 shares during the period. Hedge funds and other institutional investors own 90.82% of the company’s stock.

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.