Victory Capital Management Inc. cut its stake in shares of Barnes Group Inc. (NYSE:B – Free Report) by 23.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,152 shares of the industrial products company’s stock after selling 5,009 shares during the quarter. Victory Capital Management Inc.’s holdings in Barnes Group were worth $681,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Exchange Traded Concepts LLC purchased a new stake in shares of Barnes Group during the second quarter worth $31,000. Tower Research Capital LLC TRC lifted its position in shares of Barnes Group by 275.3% in the first quarter. Tower Research Capital LLC TRC now owns 1,715 shares of the industrial products company’s stock worth $69,000 after buying an additional 1,258 shares during the last quarter. Money Concepts Capital Corp acquired a new stake in shares of Barnes Group in the fourth quarter worth about $96,000. Captrust Financial Advisors lifted its position in shares of Barnes Group by 45.6% in the first quarter. Captrust Financial Advisors now owns 3,048 shares of the industrial products company’s stock worth $122,000 after buying an additional 954 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY lifted its position in shares of Barnes Group by 9.9% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 3,164 shares of the industrial products company’s stock worth $129,000 after buying an additional 286 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.
Barnes Group Price Performance
NYSE B opened at $20.85 on Thursday. Barnes Group Inc. has a twelve month low of $18.79 and a twelve month high of $47.36. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.40 and a current ratio of 2.37. The stock has a market capitalization of $1.06 billion, a PE ratio of 44.35, a P/E/G ratio of 1.22 and a beta of 1.22. The stock has a 50-day simple moving average of $33.79 and a 200 day simple moving average of $38.21.
Barnes Group Announces Dividend
Analyst Ratings Changes
A number of analysts have weighed in on B shares. Oppenheimer reduced their price target on Barnes Group from $48.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday. StockNews.com cut Barnes Group from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Truist Financial cut their price objective on Barnes Group from $40.00 to $37.00 and set a “hold” rating for the company in a research report on Friday, October 20th.
Check Out Our Latest Analysis on B
About Barnes Group
Barnes Group Inc provides engineered products, industrial technologies, and solutions in the United States and internationally. It operates in 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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