Systematic Financial Management LP bought a new position in Barnes Group Inc. (NYSE:B - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 25,262 shares of the industrial products company's stock, valued at approximately $1,021,000.
Several other institutional investors have also recently made changes to their positions in the company. Quadrature Capital Ltd bought a new stake in Barnes Group during the 3rd quarter valued at about $432,000. Readystate Asset Management LP bought a new stake in Barnes Group during the 3rd quarter valued at about $2,065,000. Needham Investment Management LLC bought a new stake in Barnes Group during the 3rd quarter valued at about $242,000. Centiva Capital LP bought a new stake in Barnes Group during the 3rd quarter valued at about $212,000. Finally, Simcoe Capital Management LLC bought a new stake in Barnes Group during the 3rd quarter valued at about $24,469,000. Institutional investors own 90.82% of the company's stock.
Barnes Group Stock Up 0.1 %
Shares of Barnes Group stock traded up $0.03 on Friday, reaching $46.98. The stock had a trading volume of 508,750 shares, compared to its average volume of 437,016. The company has a 50 day moving average price of $45.99 and a 200 day moving average price of $41.68. The company has a quick ratio of 1.35, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. Barnes Group Inc. has a 1 year low of $27.84 and a 1 year high of $47.40. The stock has a market capitalization of $2.39 billion, a P/E ratio of -61.06 and a beta of 1.34.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Barnes Group in a report on Wednesday. They issued a "sell" rating for the company. Truist Financial boosted their price target on shares of Barnes Group from $38.00 to $47.50 and gave the company a "hold" rating in a report on Tuesday, October 8th. Finally, DA Davidson restated a "neutral" rating and issued a $47.50 price target (down previously from $52.00) on shares of Barnes Group in a report on Monday, October 7th.
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About Barnes Group
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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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