Jade Capital Advisors LLC Buys New Shares in Barnes Group Inc. (NYSE:B)

Jade Capital Advisors LLC purchased a new position in shares of Barnes Group Inc. (NYSE:B - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,000 shares of the industrial products company's stock, valued at approximately $606,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. GAMMA Investing LLC raised its stake 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 acquiring an additional 238 shares during the period. EntryPoint Capital LLC bought a new position in Barnes Group during the 1st quarter valued at $107,000. SG Americas Securities LLC bought a new stake in shares of Barnes Group in the 3rd quarter worth $178,000. QRG Capital Management Inc. acquired a new position in Barnes Group during the first quarter worth about $217,000. Finally, Intech Investment Management LLC acquired a new stake in Barnes Group in the 2nd quarter valued at about $277,000. Institutional investors own 90.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Truist Financial increased their price target on Barnes Group from $38.00 to $47.50 and gave the company a "hold" rating in a research report on Tuesday, October 8th. StockNews.com began coverage on shares of Barnes Group in a research report on Thursday, October 17th. They issued a "sell" rating for the company. Finally, DA Davidson reiterated a "neutral" rating and set a $47.50 price objective (down from $52.00) on shares of Barnes Group in a research report on Monday, October 7th.

Barnes Group Stock Up 0.2 %

Shares of B traded up $0.08 during mid-day trading on Tuesday, hitting $46.62. 494,615 shares of the company's stock were exchanged, compared to its average volume of 410,300. The firm has a fifty day moving average of $40.44 and a two-hundred day moving average of $39.40. Barnes Group Inc. has a twelve month low of $18.79 and a twelve month high of $46.72. The company has a quick ratio of 1.33, a current ratio of 2.24 and a debt-to-equity ratio of 0.90. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 518.11, a P/E/G ratio of 2.87 and a beta of 1.38.

Barnes Group (NYSE:B - Get Free Report) last released its earnings results on Friday, July 26th. The industrial products company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.02). The firm had revenue of $382.23 million for the quarter, compared to analyst estimates of $398.80 million. Barnes Group had a positive return on equity of 5.21% and a negative net margin of 3.74%. On average, sell-side analysts forecast that Barnes Group Inc. will post 1.62 earnings per share for the current year.

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.