Patriot Financial Group Insurance Agency LLC Purchases 11,684 Shares of Barnes Group Inc. (NYSE:B)

Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Barnes Group Inc. (NYSE:B - Free Report) by 2.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 559,772 shares of the industrial products company's stock after acquiring an additional 11,684 shares during the period. Barnes Group accounts for approximately 3.5% of Patriot Financial Group Insurance Agency LLC's investment portfolio, making the stock its 2nd biggest holding. Patriot Financial Group Insurance Agency LLC owned approximately 1.10% of Barnes Group worth $26,455,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in B. GAMMA Investing LLC increased its position in Barnes Group by 17.1% during the third quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company's stock worth $66,000 after buying an additional 238 shares during the period. KBC Group NV grew its stake in shares of Barnes Group by 52.4% in the 4th quarter. KBC Group NV now owns 2,186 shares of the industrial products company's stock valued at $103,000 after purchasing an additional 752 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Barnes Group in the 3rd quarter valued at approximately $178,000. Centiva Capital LP purchased a new position in shares of Barnes Group in the 3rd quarter valued at approximately $212,000. Finally, Captrust Financial Advisors purchased a new position in shares of Barnes Group in the 3rd quarter valued at approximately $224,000. Institutional investors and hedge funds own 90.82% of the company's stock.

Barnes Group Price Performance

B remained flat at $47.48 during trading on Tuesday. The company's fifty day moving average price is $47.13 and its 200-day moving average price is $43.69. The company has a quick ratio of 1.35, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. The firm has a market cap of $2.42 billion, a PE ratio of -61.66 and a beta of 1.32. Barnes Group Inc. has a twelve month low of $32.00 and a twelve month high of $47.50.

Analyst Upgrades and Downgrades

B has been the topic of several analyst reports. DA Davidson reiterated a "neutral" rating and issued a $47.50 target price (down from $52.00) on shares of Barnes Group in a research note on Monday, October 7th. StockNews.com initiated coverage on Barnes Group in a research note on Tuesday, January 21st. They issued a "sell" rating on the stock. Finally, Truist Financial lifted their target price on Barnes Group from $38.00 to $47.50 and gave the company a "hold" rating in a research note on Tuesday, October 8th.

Barnes Group 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.