Thrivent Financial for Lutherans lowered its stake in shares of Barnes Group Inc. (NYSE:B - Free Report) by 14.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 523,953 shares of the industrial products company's stock after selling 88,645 shares during the period. Thrivent Financial for Lutherans owned approximately 1.03% of Barnes Group worth $21,173,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted 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 buying an additional 238 shares in the last quarter. EntryPoint Capital LLC bought a new stake in Barnes Group in the first quarter valued at about $107,000. SG Americas Securities LLC bought a new stake in Barnes Group in the third quarter valued at about $178,000. QRG Capital Management Inc. raised its position in Barnes Group by 4.1% in the second quarter. QRG Capital Management Inc. now owns 6,073 shares of the industrial products company's stock worth $251,000 after purchasing an additional 240 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in Barnes Group during the first quarter worth about $253,000. Institutional investors own 90.82% of the company's stock.
Barnes Group Price Performance
B opened at $46.74 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 1.35. The company's 50 day simple moving average is $44.19 and its 200-day simple moving average is $41.10. Barnes Group Inc. has a one year low of $25.75 and a one year high of $47.40. The stock has a market capitalization of $2.38 billion, a P/E ratio of -60.70, a price-to-earnings-growth ratio of 3.21 and a beta of 1.35.
Wall Street Analysts Forecast Growth
B has been the subject of a number of analyst 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 report on Monday, October 7th. StockNews.com began coverage on shares of Barnes Group in a research report on Monday. They issued a "sell" rating on the stock. Finally, Truist Financial upped their price objective on shares of Barnes Group from $38.00 to $47.50 and gave the stock a "hold" rating in a research note on Tuesday, October 8th.
Read Our Latest Stock Analysis 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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