US Bancorp DE reduced its position in Barnes Group Inc. (NYSE:B - Free Report) by 82.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,333 shares of the industrial products company's stock after selling 11,024 shares during the quarter. US Bancorp DE's holdings in Barnes Group were worth $94,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of 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 in the last quarter. EntryPoint Capital LLC bought a new position in Barnes Group in the first quarter valued at about $107,000. SG Americas Securities LLC acquired a new stake in shares of Barnes Group during the third quarter valued at about $178,000. QRG Capital Management Inc. bought a new stake in shares of Barnes Group during the first quarter worth about $217,000. Finally, Intech Investment Management LLC acquired a new position in shares of Barnes Group in the second quarter valued at approximately $277,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.
Barnes Group Price Performance
Shares of NYSE:B remained flat at $46.68 during trading on Friday. The stock had a trading volume of 560,357 shares, compared to its average volume of 691,639. The stock has a fifty day moving average price of $43.50 and a two-hundred day moving average price of $40.87. Barnes Group Inc. has a one year low of $25.39 and a one year high of $47.40. The company has a quick ratio of 1.35, a current ratio of 2.28 and a debt-to-equity ratio of 0.87.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the company. DA Davidson reaffirmed a "neutral" rating and set a $47.50 target price (down from $52.00) on shares of Barnes Group in a research report on Monday, October 7th. Truist Financial raised their price objective on Barnes Group from $38.00 to $47.50 and gave the stock a "hold" rating in a research report on Tuesday, October 8th. Finally, StockNews.com assumed coverage on Barnes Group in a report on Sunday, November 10th. They issued a "sell" rating on the stock.
Check Out Our Latest Stock Report on B
Barnes Group Company Profile
(
Free Report)
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.
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