StockNews.com Initiates Coverage on Barnes Group (NYSE:B) with a Sell Rating

Research analysts from StockNews.com have recently started covering shares of Barnes Group (NYSE:B). In their research report released to clients and investors, they assigned a “sell” rating to the stock of this industrial products company.

Barnes Group Price Overview

On Friday, Barnes Group's stock opened at a price of $47.48. The company has a market capitalization of approximately $2.42 billion, a P/E ratio of -61.66, and a beta of 1.32. Financial indicators include a current ratio of 2.28, a quick ratio of 1.35, and a debt-to-equity ratio of 0.87. Over the last year, the stock has seen a low of $32.00 and a high of $47.50. Additionally, the 50-day moving average price for the stock stands at $47.35, while the 200-day moving average price is $44.56.

Institutional Trading Activity

Recently, various institutional investors and hedge funds have actively adjusted their stakes in Barnes Group. Notably, the Public Employees Retirement System of Ohio invested $3,537,000 in the company in the fourth quarter. GTS Securities LLC also established a new position amounting to $306,000. Meanwhile, BCK Capital Management LP made a new investment of $733,000 during the same period. Furthermore, UBS Asset Management Americas LLC increased its holdings in Barnes Group by 24.9%, now owning 112,222 shares valued at $5,304,000 after acquiring an additional 22,407 shares. Woodline Partners LP significantly boosted its position by 245.6%, holding 729,097 shares now worth $34,457,000 after adding 518,146 shares. Overall, institutional investors and hedge funds collectively control 90.82% of Barnes Group's stock.

Company Overview

Barnes Group Inc. specializes in providing engineered products, industrial technologies, and a variety of solutions both in the United States and on an international scale. The company operates through two main segments: Industrial and Aerospace. The Industrial segment offers a selection of precision components, products, and systems utilized by customers across various end-markets including mobility, industrial equipment, automation, personal care, packaging, electronics, and medical devices.

Barnes, Stock, Investors