Victory Capital Management Inc. Sells 3,758 Shares of Barnes Group Inc. (NYSE:B)

Victory Capital Management Inc. decreased its position in shares of Barnes Group Inc. (NYSE:B) by 17.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,128 shares of the industrial products company’s stock after selling 3,758 shares during the period. Victory Capital Management Inc.’s holdings in Barnes Group were worth $751,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Barnes Group in the fourth quarter valued at about $10,871,000. US Bancorp DE increased its position in Barnes Group by 175.1% in the 4th quarter. US Bancorp DE now owns 18,956 shares of the industrial products company’s stock valued at $619,000 after acquiring an additional 12,066 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Barnes Group by 418.3% in the fourth quarter. Parallel Advisors LLC now owns 1,218 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 983 shares during the last quarter. TFO Wealth Partners LLC lifted its position in shares of Barnes Group by 57,362.5% during the fourth quarter. TFO Wealth Partners LLC now owns 4,597 shares of the industrial products company’s stock worth $150,000 after purchasing an additional 4,589 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Barnes Group during the fourth quarter valued at approximately $1,674,000. Institutional investors own 90.82% of the company’s stock.

Barnes Group Price Performance

Shares of B stock opened at $39.45 on Friday. Barnes Group Inc. has a 12-month low of $18.79 and a 12-month high of $45.24. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 438.33, a price-to-earnings-growth ratio of 2.14 and a beta of 1.39. The company has a quick ratio of 1.33, a current ratio of 2.24 and a debt-to-equity ratio of 0.90. The firm has a fifty day moving average of $39.14 and a 200-day moving average of $38.38.

Barnes Group (NYSE:B) last posted its quarterly earnings data on Friday, July 26th. The industrial products company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). The company had revenue of $382.23 million during the quarter, compared to the consensus estimate of $398.80 million. Barnes Group had a negative net margin of 3.74% and a positive return on equity of 5.21%. On average, equities research analysts forecast that Barnes Group Inc. will post 1.62 earnings per share for the current year.

Barnes Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 22nd were given a $0.16 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.64 annualized dividend and a yield of 1.62%. Barnes Group’s dividend payout ratio is currently 711.11%.

Analyst Ratings Changes

B has been the subject of several research analyst reports. Truist Financial boosted their price objective on shares of Barnes Group from $34.00 to $38.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Oppenheimer boosted their price objective on shares of Barnes Group from $43.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, June 14th. Finally, DA Davidson boosted their price objective on shares of Barnes Group from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Monday, July 29th.

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.