Fmr LLC Has $57.63 Million Position in Barnes Group Inc. (NYSE:B)

FMR LLC lessened its position in shares of Barnes Group Inc. (NYSE:B - Free Report) by 24.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,426,195 shares of the industrial products company's stock after selling 450,051 shares during the period. FMR LLC owned about 2.80% of Barnes Group worth $57,633,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of B. GAMMA Investing LLC lifted its position in shares of Barnes Group by 17.1% in the third quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company's stock worth $66,000 after purchasing an additional 238 shares in the last quarter. QRG Capital Management Inc. increased its stake in Barnes Group by 4.1% in the 2nd quarter. QRG Capital Management Inc. now owns 6,073 shares of the industrial products company's stock valued at $251,000 after buying an additional 240 shares during the last quarter. Texas Permanent School Fund Corp raised its holdings in Barnes Group by 0.6% during the second quarter. Texas Permanent School Fund Corp now owns 44,613 shares of the industrial products company's stock worth $1,847,000 after acquiring an additional 263 shares in the last quarter. Natixis Advisors LLC boosted its holdings in shares of Barnes Group by 2.8% in the 3rd quarter. Natixis Advisors LLC now owns 11,733 shares of the industrial products company's stock valued at $474,000 after buying an additional 323 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of Barnes Group by 1.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 25,500 shares of the industrial products company's stock valued at $1,056,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 90.82% of the company's stock.

Analyst Upgrades and Downgrades

B has been the topic of a number of recent analyst reports. StockNews.com began coverage on shares of Barnes Group in a report on Wednesday. They set a "sell" rating on the stock. DA Davidson restated a "neutral" rating and set a $47.50 price objective (down from $52.00) on shares of Barnes Group in a research note on Monday, October 7th. Finally, Truist Financial raised their target price 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.

Barnes Group Stock Up 0.1 %

B traded up $0.03 during trading hours on Friday, reaching $46.98. The company's stock had a trading volume of 508,756 shares, compared to its average volume of 536,451. 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 company's 50-day moving average is $46.13 and its 200-day moving average is $41.72. Barnes Group Inc. has a 52 week low of $27.84 and a 52 week high of $47.40.

About Barnes Group

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.