Easterly Investment Partners LLC Has $1.66 Million Position in Barnes Group Inc. (NYSE:B)

Easterly Investment Partners LLC raised its position in shares of Barnes Group Inc. (NYSE:B - Free Report) by 49.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,180 shares of the industrial products company's stock after purchasing an additional 13,570 shares during the period. Easterly Investment Partners LLC owned 0.08% of Barnes Group worth $1,664,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in B. Vanguard Group Inc. raised its stake in shares of Barnes Group by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 5,689,535 shares of the industrial products company's stock valued at $211,366,000 after acquiring an additional 206,351 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Barnes Group by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,587,611 shares of the industrial products company's stock valued at $148,565,000 after acquiring an additional 60,152 shares in the last quarter. Mason Capital Management LLC raised its stake in shares of Barnes Group by 32.9% in the 2nd quarter. Mason Capital Management LLC now owns 1,050,079 shares of the industrial products company's stock valued at $43,484,000 after acquiring an additional 259,957 shares in the last quarter. Westwood Holdings Group Inc. bought a new position in shares of Barnes Group in the 2nd quarter valued at approximately $32,576,000. Finally, Kennedy Capital Management LLC raised its stake in shares of Barnes Group by 10.7% in the 1st quarter. Kennedy Capital Management LLC now owns 753,625 shares of the industrial products company's stock valued at $27,997,000 after acquiring an additional 72,546 shares in the last quarter. 90.82% of the stock is owned by hedge funds and other institutional investors.

Barnes Group Price Performance

B stock traded up $0.07 during trading on Friday, hitting $46.70. The company had a trading volume of 375,210 shares, compared to its average volume of 425,168. The company has a fifty day moving average price of $42.66 and a two-hundred day moving average price of $40.45. The company has a current ratio of 2.28, a quick ratio of 1.35 and a debt-to-equity ratio of 0.87. Barnes Group Inc. has a fifty-two week low of $22.51 and a fifty-two week high of $47.40. The company has a market cap of $2.38 billion, a P/E ratio of -60.65, a P/E/G ratio of 3.21 and a beta of 1.35.

Analysts Set New Price Targets

A number of analysts have issued reports on B shares. DA Davidson reaffirmed a "neutral" rating and issued a $47.50 target price (down previously from $52.00) on shares of Barnes Group in a report on Monday, October 7th. Truist Financial raised their target price on Barnes Group from $38.00 to $47.50 and gave the company a "hold" rating in a report on Tuesday, October 8th. Finally, StockNews.com started coverage on Barnes Group in a report on Saturday, November 2nd. They issued a "sell" rating on the stock.

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.