BNP Paribas Financial Markets Has $469,000 Holdings in Barnes Group Inc. (NYSE:B)

BNP Paribas Financial Markets lifted its stake in shares of Barnes Group Inc. (NYSE:B) by 3.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,608 shares of the industrial products company’s stock after buying an additional 348 shares during the quarter. BNP Paribas Financial Markets’ holdings in Barnes Group were worth $469,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of B. Louisiana State Employees Retirement System raised its position in shares of Barnes Group by 1.6% during the second quarter. Louisiana State Employees Retirement System now owns 25,500 shares of the industrial products company’s stock worth $1,056,000 after purchasing an additional 400 shares during the period. Bank of New York Mellon Corp increased its stake in Barnes Group by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 391,181 shares of the industrial products company’s stock valued at $16,199,000 after purchasing an additional 2,942 shares in the last quarter. Roubaix Capital LLC raised its holdings in Barnes Group by 35.2% during the second quarter. Roubaix Capital LLC now owns 244,706 shares of the industrial products company’s stock worth $10,133,000 after buying an additional 63,755 shares during the last quarter. Texas Permanent School Fund Corp lifted its stake in shares of Barnes Group by 0.6% in the second quarter. Texas Permanent School Fund Corp now owns 44,613 shares of the industrial products company’s stock valued at $1,847,000 after buying an additional 263 shares in the last quarter. Finally, Chesapeake Capital Corp IL acquired a new position in shares of Barnes Group during the second quarter valued at about $406,000. Institutional investors own 90.82% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on B. DA Davidson reaffirmed a “neutral” rating and issued a $47.50 price target (down previously from $52.00) on shares of Barnes Group in a research report on Monday, October 7th. Truist Financial increased their price objective on Barnes Group from $38.00 to $47.50 and gave the stock a “hold” rating in a research note on Tuesday, October 8th. Finally, StockNews.com started coverage on Barnes Group in a research report on Thursday. They set a “sell” rating on the stock.

Barnes Group Trading Up 0.0 %

Shares of B stock opened at $47.07 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.28. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of -61.13 and a beta of 1.34. Barnes Group Inc. has a 52-week low of $29.60 and a 52-week high of $47.40. The company has a 50-day simple moving average of $46.76 and a two-hundred day simple moving average of $41.94.

Barnes Group 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.