Victory Capital Management Inc. Sells 2,843 Shares of Barnes Group Inc. (NYSE:B)

Victory Capital Management Inc. trimmed its position in shares of Barnes Group Inc. (NYSE:B) by 15.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,285 shares of the industrial products company’s stock after selling 2,843 shares during the period. Victory Capital Management Inc.’s holdings in Barnes Group were worth $618,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Barnes Group by 3.8% during the first quarter. Vanguard Group Inc. now owns 5,689,535 shares of the industrial products company’s stock worth $211,366,000 after purchasing an additional 206,351 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Barnes Group by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,587,611 shares of the industrial products company’s stock valued at $148,565,000 after buying an additional 60,152 shares in the last quarter. Mason Capital Management LLC boosted its position in Barnes Group by 32.9% in the 2nd quarter. Mason Capital Management LLC now owns 1,050,079 shares of the industrial products company’s stock valued at $43,484,000 after buying an additional 259,957 shares during the period. Westwood Holdings Group Inc. bought a new position in Barnes Group in the 2nd quarter worth about $32,576,000. Finally, Patriot Financial Group Insurance Agency LLC grew its stake in Barnes Group by 9.6% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 548,088 shares of the industrial products company’s stock worth $22,148,000 after acquiring an additional 47,821 shares in the last quarter. 90.82% of the stock is owned by hedge funds and other institutional investors.

Barnes Group Price Performance

Shares of B stock opened at $46.86 on Friday. The stock’s 50-day moving average is $45.10 and its 200 day moving average is $41.42. Barnes Group Inc. has a 1-year low of $25.75 and a 1-year high of $47.40. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 1.35. 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.

Analyst Ratings Changes

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

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.