SG Americas Securities LLC Buys Shares of 4,407 Barnes Group Inc. (NYSE:B)

SG Americas Securities LLC acquired a new stake in Barnes Group Inc. (NYSE:B) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,407 shares of the industrial products company’s stock, valued at approximately $178,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in B. Westwood Holdings Group Inc. purchased a new stake in shares of Barnes Group in the second quarter valued at about $32,576,000. AYAL Capital Advisors Ltd purchased a new position in shares of Barnes Group in the 2nd quarter worth about $12,166,000. Mason Capital Management LLC lifted its position in Barnes Group by 32.9% during the second 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 in the last quarter. Vanguard Group Inc. raised its position in Barnes Group by 3.8% in the first quarter. Vanguard Group Inc. now owns 5,689,535 shares of the industrial products company’s stock valued at $211,366,000 after purchasing an additional 206,351 shares during the period. Finally, Kennedy Capital Management LLC boosted its position in shares of Barnes Group by 10.7% in the first quarter. Kennedy Capital Management LLC now owns 753,625 shares of the industrial products company’s stock worth $27,997,000 after buying an additional 72,546 shares during the period. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barnes Group Stock Performance

B opened at $46.67 on Thursday. The company has a current ratio of 2.24, a quick ratio of 1.33 and a debt-to-equity ratio of 0.90. Barnes Group Inc. has a twelve month low of $18.79 and a twelve month high of $46.72. The business’s 50 day moving average is $40.62 and its 200-day moving average is $39.48. The stock has a market cap of $2.37 billion, a PE ratio of 518.56, a price-to-earnings-growth ratio of 2.87 and a beta of 1.38.

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. DA Davidson reissued 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. StockNews.com assumed coverage on shares of Barnes Group in a report on Thursday, October 17th. They set a “sell” rating for the company. Finally, Truist Financial boosted their price target on Barnes Group from $38.00 to $47.50 and gave the company a “hold” rating in a report on Tuesday, October 8th.

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.