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

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

Barnes Group Stock Performance

Shares of B opened at $47.48 on Thursday. Barnes Group has a one year low of $32.00 and a one year high of $47.50. The company has a 50-day simple moving average of $47.24 and a two-hundred day simple moving average of $43.93. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 1.35. The firm has a market capitalization of $2.42 billion, a PE ratio of -61.66 and a beta of 1.32.

Hedge Funds Weigh In On Barnes Group

A number of institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in Barnes Group by 117.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 621 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 336 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Barnes Group by 17.1% in the third quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 238 shares in the last quarter. KBC Group NV grew its stake in shares of Barnes Group by 52.4% in the fourth quarter. KBC Group NV now owns 2,186 shares of the industrial products company’s stock worth $103,000 after acquiring an additional 752 shares during the last quarter. SG Americas Securities LLC bought a new position in Barnes Group in the 3rd quarter worth about $178,000. Finally, Atria Investments Inc purchased a new stake in Barnes Group during the 4th quarter valued at about $203,000. 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.