Thrivent Financial for Lutherans Decreases Holdings in Barnes Group Inc. (NYSE:B)

Thrivent Financial for Lutherans lowered its position in shares of Barnes Group Inc. (NYSE:B - Free Report) by 14.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 523,953 shares of the industrial products company's stock after selling 88,645 shares during the period. Thrivent Financial for Lutherans owned 1.03% of Barnes Group worth $21,173,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Barnes Group by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 5,689,535 shares of the industrial products company's stock worth $211,366,000 after buying an additional 206,351 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Barnes Group by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,587,611 shares of the industrial products company's stock valued at $148,565,000 after acquiring an additional 60,152 shares during the last quarter. Mason Capital Management LLC boosted 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 valued at $43,484,000 after acquiring an additional 259,957 shares in the last quarter. Westwood Holdings Group Inc. purchased a new position in shares of Barnes Group during the second quarter worth about $32,576,000. Finally, Kennedy Capital Management LLC increased its position in shares of Barnes Group by 10.7% during the first quarter. Kennedy Capital Management LLC now owns 753,625 shares of the industrial products company's stock worth $27,997,000 after purchasing an additional 72,546 shares in the last quarter. Hedge funds and other institutional investors own 90.82% of the company's stock.

Wall Street Analysts Forecast Growth

B has been the topic of several research reports. DA Davidson reissued 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. Truist Financial raised their price target on Barnes Group from $38.00 to $47.50 and gave the stock a "hold" rating in a report on Tuesday, October 8th. Finally, StockNews.com assumed coverage on Barnes Group in a research report on Monday. They issued a "sell" rating on the stock.

Barnes Group Stock Performance

Barnes Group stock remained flat at $46.74 during trading hours on Thursday. 914,913 shares of the company's stock were exchanged, compared to its average volume of 434,419. The stock has a market capitalization of $2.38 billion, a PE ratio of -60.70, a P/E/G ratio of 3.43 and a beta of 1.35. The company's 50-day moving average price is $44.40 and its 200 day moving average price is $41.14. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.28. Barnes Group Inc. has a 52 week low of $25.75 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.