Natixis Advisors LLC Buys 323 Shares of Barnes Group Inc. (NYSE:B)

Natixis Advisors LLC lifted its holdings in Barnes Group Inc. (NYSE:B) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,733 shares of the industrial products company’s stock after acquiring an additional 323 shares during the quarter. Natixis Advisors LLC’s holdings in Barnes Group were worth $474,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Geneva Capital Management LLC increased its holdings in Barnes Group by 0.6% during the 3rd quarter. Geneva Capital Management LLC now owns 269,404 shares of the industrial products company’s stock worth $10,887,000 after purchasing an additional 1,509 shares in the last quarter. Easterly Investment Partners LLC lifted its stake in Barnes Group by 49.1% in the 3rd quarter. Easterly Investment Partners LLC now owns 41,180 shares of the industrial products company’s stock valued at $1,664,000 after purchasing an additional 13,570 shares during the last quarter. QRG Capital Management Inc. lifted its position in Barnes Group by 13.0% during the third quarter. QRG Capital Management Inc. now owns 6,864 shares of the industrial products company’s stock worth $277,000 after acquiring an additional 791 shares during the last quarter. Roubaix Capital LLC increased its holdings in shares of Barnes Group by 0.3% during the third quarter. Roubaix Capital LLC now owns 245,477 shares of the industrial products company’s stock worth $9,920,000 after purchasing an additional 771 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC increased its stake in Barnes Group by 9.6% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 548,088 shares of the industrial products company’s stock valued at $22,148,000 after acquiring an additional 47,821 shares during the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Truist Financial raised their target price on shares of Barnes Group from $38.00 to $47.50 and gave the company a “hold” rating in a research report on Tuesday, October 8th. StockNews.com started coverage on shares of Barnes Group in a research report on Tuesday. They issued a “sell” rating for the company. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $47.50 price objective (down from $52.00) on shares of Barnes Group in a research report on Monday, October 7th.

Barnes Group Trading Up 0.0 %

NYSE:B opened at $46.86 on Friday. The company has a 50-day moving average price of $45.10 and a 200-day moving average price of $41.42. Barnes Group Inc. has a 12 month low of $25.75 and a 12 month high of $47.40. The company has a current ratio of 2.28, a quick ratio of 1.35 and a debt-to-equity ratio of 0.87. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of -60.86, a P/E/G ratio of 3.37 and a beta of 1.35.

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.