Coverage Initiated on Barnes Group by StockNews.com

On February 24, 2025, analysts at StockNews.com announced that they have begun coverage on shares of Barnes Group (NYSE:B). In their initial research report shared with clients and investors, the firm assigned a "sell" rating to the stock of this industrial products company.

Barnes Group Price Performance

The stock of Barnes Group opened at $47.48 on the preceding Friday. Currently, the company has a market capitalization of $2.42 billion. It displays a P/E ratio of -61.66 and a beta value of 1.32. Financially, Barnes Group has a current ratio of 2.28, a quick ratio of 1.35, and a debt-to-equity ratio of 0.87. Over the past twelve months, the stock reached a low of $32.00 and a high of $47.50. It also has a 50-day moving average price of $47.35 and a 200-day moving average price of $44.56.

Institutional Trading of Barnes Group

Several institutional investors and hedge funds have recently made adjustments to their holdings in Barnes Group. For instance, the Public Employees Retirement System of Ohio acquired a new position in the stock during the fourth quarter, investing $3,537,000. Additionally, GTS Securities LLC and BCK Capital Management LP each established new positions in the same quarter, investing $306,000 and $733,000 respectively. Notably, UBS Asset Management, a division of UBS ASSET MANAGEMENT AMERICAS LLC, increased its holdings by 24.9%, owning now 112,222 shares valued at $5,304,000 following the purchase of an additional 22,407 shares in the last quarter. Furthermore, Woodline Partners LP significantly boosted its stake by 245.6%, totaling 729,097 shares worth $34,457,000 after acquiring an extra 518,146 shares. Overall, institutional investors and hedge funds collectively own 90.82% of the company's stock.

About Barnes Group

Barnes Group Inc is engaged in providing engineered products, industrial technologies, and solutions across the United States and internationally. The company operates via two main segments: Industrial and Aerospace. In its Industrial segment, Barnes Group supplies precision components, products, and systems that are utilized by various customers across end-markets, including mobility, industrial equipment, automation, personal care, packaging, electronics, and medical devices.

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