Barnes Group Inc. (NYSE:B) Shares Sold by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC trimmed its holdings in shares of Barnes Group Inc. (NYSE:B - Free Report) by 25.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 237,290 shares of the industrial products company's stock after selling 80,530 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 0.47% of Barnes Group worth $9,589,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Westwood Holdings Group Inc. bought a new position in Barnes Group during the second quarter valued at $32,576,000. Simcoe Capital Management LLC bought a new position in Barnes Group during the 3rd quarter valued at about $24,469,000. AYAL Capital Advisors Ltd purchased a new stake in Barnes Group in the 2nd quarter worth about $12,166,000. Mason Capital Management LLC lifted its stake in Barnes Group by 32.9% in the second quarter. Mason Capital Management LLC now owns 1,050,079 shares of the industrial products company's stock worth $43,484,000 after purchasing an additional 259,957 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new position in shares of Barnes Group during the third quarter valued at approximately $3,975,000. Institutional investors own 90.82% of the company's stock.

Barnes Group Stock Performance

Shares of B traded down $0.05 during trading hours on Thursday, reaching $46.95. 566,245 shares of the company traded hands, compared to its average volume of 436,710. The stock has a market capitalization of $2.39 billion, a P/E ratio of -61.10 and a beta of 1.34. 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 business has a fifty day moving average price of $45.84 and a 200-day moving average price of $41.64. Barnes Group Inc. has a 12-month low of $27.57 and a 12-month high of $47.40.

Analyst Upgrades and Downgrades

Several research firms recently commented on B. StockNews.com initiated coverage on shares of Barnes Group in a research note on Wednesday. They issued a "sell" rating on the stock. Truist Financial lifted 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. Finally, DA Davidson reissued a "neutral" rating and issued a $47.50 price objective (down previously from $52.00) on shares of Barnes Group in a research note on Monday, October 7th.

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.