StockNews.com assumed coverage on shares of Barnes Group (NYSE:B – Free Report) in a research report report published on Friday. The firm issued a sell rating on the industrial products company’s stock.
Several other equities research analysts also recently commented on the company. DA Davidson restated a “neutral” rating and set 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 shares of Barnes Group from $38.00 to $47.50 and gave the company a “hold” rating in a research note on Tuesday, October 8th.
View Our Latest Stock Analysis on B
Barnes Group Stock Performance
Hedge Funds Weigh In On Barnes Group
Several institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Barnes Group by 17.1% in the third quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 238 shares during the period. Texas Permanent School Fund Corp raised its holdings in Barnes Group by 0.6% during the 2nd quarter. Texas Permanent School Fund Corp now owns 44,613 shares of the industrial products company’s stock valued at $1,847,000 after acquiring an additional 263 shares during the period. Natixis Advisors LLC lifted its position in shares of Barnes Group by 2.8% during the third quarter. Natixis Advisors LLC now owns 11,733 shares of the industrial products company’s stock worth $474,000 after acquiring an additional 323 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Barnes Group by 3.1% in the third quarter. BNP Paribas Financial Markets now owns 11,608 shares of the industrial products company’s stock worth $469,000 after acquiring an additional 348 shares during the period. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of Barnes Group by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 25,500 shares of the industrial products company’s stock worth $1,056,000 after acquiring an additional 400 shares during the period. 90.82% of the stock is 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.
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