Creative Planning Has $930,000 Stock Holdings in Barnes Group Inc. (NYSE:B)

Creative Planning decreased its position in shares of Barnes Group Inc. (NYSE:B) by 9.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,004 shares of the industrial products company’s stock after selling 2,419 shares during the period. Creative Planning’s holdings in Barnes Group were worth $930,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Barnes Group by 17.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 238 shares during the last quarter. Handelsbanken Fonder AB raised its stake in shares of Barnes Group by 5.1% during the third quarter. Handelsbanken Fonder AB now owns 10,355 shares of the industrial products company’s stock valued at $418,000 after acquiring an additional 500 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Barnes Group during the third quarter valued at $178,000. William B. Walkup & Associates Inc. bought a new position in shares of Barnes Group during the second quarter valued at $714,000. Finally, AYAL Capital Advisors Ltd bought a new position in shares of Barnes Group during the second quarter valued at $12,166,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barnes Group Stock Performance

NYSE B opened at $46.75 on Friday. The company’s 50 day moving average is $41.99 and its 200-day moving average is $40.04. Barnes Group Inc. has a 12-month low of $20.85 and a 12-month high of $47.12. 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 firm has a market cap of $2.38 billion, a P/E ratio of -60.71, a price-to-earnings-growth ratio of 3.22 and a beta of 1.38.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on B. Truist Financial lifted their target price on shares of Barnes Group from $38.00 to $47.50 and gave the stock a “hold” rating in a research note on Tuesday, October 8th. StockNews.com began coverage on shares of Barnes Group in a report on Saturday. They issued a “sell” rating for the company. Finally, DA Davidson restated a “neutral” rating and issued a $47.50 price target (down from $52.00) on shares of Barnes Group in a report on Monday, October 7th.

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.