Mutual of America Capital Management LLC Trims Position in Barnes Group Inc. (NYSE:B)

Mutual of America Capital Management LLC reduced its position in Barnes Group Inc. (NYSE:B) by 17.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,872 shares of the industrial products company’s stock after selling 1,462 shares during the period. Mutual of America Capital Management LLC’s holdings in Barnes Group were worth $278,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Barnes Group by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 5,689,535 shares of the industrial products company’s stock valued at $211,366,000 after buying an additional 206,351 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Barnes Group by 1.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 41,904 shares of the industrial products company’s stock valued at $1,555,000 after purchasing an additional 581 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Barnes Group by 5.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,079 shares of the industrial products company’s stock valued at $1,192,000 after purchasing an additional 1,672 shares in the last quarter. QRG Capital Management Inc. increased its holdings in Barnes Group by 4.1% during the 2nd 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 during the last quarter. Finally, S. R. Schill & Associates acquired a new position in shares of Barnes Group in the 2nd quarter valued at approximately $349,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Barnes Group Stock Performance

Shares of B stock opened at $46.86 on Friday. The company has a quick ratio of 1.35, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. The business has a 50 day moving average of $45.10 and a two-hundred day moving average of $41.42. The company has a market cap of $2.39 billion, a P/E ratio of -60.86, a PEG ratio of 3.37 and a beta of 1.35. Barnes Group Inc. has a 52 week low of $25.75 and a 52 week high of $47.40.

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.