Barnes Group Inc. (NYSE:B) Position Increased by QRG Capital Management Inc.

QRG Capital Management Inc. raised its stake in Barnes Group Inc. (NYSE:B) by 13.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,864 shares of the industrial products company’s stock after acquiring an additional 791 shares during the period. QRG Capital Management Inc.’s holdings in Barnes Group were worth $277,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. BNP Paribas Financial Markets lifted its holdings in shares of Barnes Group by 64.8% during the first quarter. BNP Paribas Financial Markets now owns 26,382 shares of the industrial products company’s stock valued at $980,000 after purchasing an additional 10,373 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Barnes Group during the first quarter valued at about $253,000. Texas Permanent School Fund Corp lifted its stake in Barnes Group by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 44,350 shares of the industrial products company’s stock valued at $1,648,000 after buying an additional 574 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Barnes Group in the first quarter worth about $208,000. Finally, Russell Investments Group Ltd. increased its position in shares of Barnes Group by 22.0% in the first quarter. Russell Investments Group Ltd. now owns 383,359 shares of the industrial products company’s stock worth $14,242,000 after acquiring an additional 69,097 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barnes Group Trading Down 0.0 %

Shares of NYSE:B opened at $46.69 on Tuesday. The firm has a fifty day moving average of $42.79 and a two-hundred day moving average of $40.58. 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 12-month low of $23.93 and a 12-month high of $47.40. The firm has a market capitalization of $2.38 billion, a P/E ratio of -60.64, 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 recent analyst reports. DA Davidson reaffirmed a “neutral” rating and issued a $47.50 price objective (down previously from $52.00) on shares of Barnes Group in a research note on Monday, October 7th. Truist Financial raised their target price on Barnes Group from $38.00 to $47.50 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. Finally, StockNews.com started coverage on Barnes Group in a research report on Sunday. They set a “sell” rating on the stock.

Barnes Group Company Profile

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.