Barnes Group (NYSE:B – Get Rating) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Friday.

Other analysts have also issued reports about the stock. DA Davidson cut their target price on shares of Barnes Group to $36.00 in a research report on Tuesday, August 9th. Truist Financial cut their target price on shares of Barnes Group from $38.00 to $33.00 and set a "hold" rating for the company in a research report on Tuesday, July 19th.

Barnes Group Stock Performance

Shares of B stock traded down $1.45 during trading hours on Friday, reaching $32.47. The company had a trading volume of 147,658 shares, compared to its average volume of 216,074. The business has a fifty day moving average price of $32.65 and a 200-day moving average price of $36.61. Barnes Group has a one year low of $29.60 and a one year high of $49.10. The firm has a market cap of $1.64 billion, a PE ratio of 45.10, a price-to-earnings-growth ratio of 1.67 and a beta of 1.17. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.51 and a current ratio of 2.42.

Institutional Investors Weigh In On Barnes Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Maryland State Retirement & Pension System raised its holdings in Barnes Group by 1.4% in the 4th quarter. Maryland State Retirement & Pension System now owns 18,568 shares of the industrial products company's stock valued at $865,000 after buying an additional 260 shares during the period. Cornercap Investment Counsel Inc. lifted its stake in Barnes Group by 1.3% in the first quarter. Cornercap Investment Counsel Inc. now owns 25,954 shares of the industrial products company's stock valued at $1,043,000 after buying an additional 342 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Barnes Group by 5.5% during the first quarter. Mutual of America Capital Management LLC now owns 6,711 shares of the industrial products company's stock worth $270,000 after purchasing an additional 348 shares during the last quarter. NorthCrest Asset Manangement LLC grew its holdings in Barnes Group by 1.7% during the first quarter. NorthCrest Asset Manangement LLC now owns 21,500 shares of the industrial products company's stock worth $864,000 after acquiring an additional 350 shares during the period. Finally, Occudo Quantitative Strategies LP grew its holdings in Barnes Group by 2.3% in the second quarter. Occudo Quantitative Strategies LP now owns 19,347 shares of the industrial products company's stock valued at $602,000 after purchasing an additional 427 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company's stock.

Barnes Group Company Profile

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Barnes Group Inc provides engineered products, industrial technologies, and solutions in the United States and internationally. It operates in 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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