Barnes Group Inc. (NYSE:B) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in Barnes Group Inc. (NYSE:B) by 17.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC grew its holdings in Barnes Group by 158.2% during the second quarter. Renaissance Technologies LLC now owns 50,600 shares of the industrial products company’s stock worth $2,095,000 after acquiring an additional 31,000 shares during the period. Vanguard Group Inc. grew its stake in shares of 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 worth $211,366,000 after purchasing an additional 206,351 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of 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 purchasing an additional 47,821 shares in the last quarter. William B. Walkup & Associates Inc. acquired a new stake in Barnes Group during the second quarter valued at approximately $714,000. Finally, Gabelli Funds LLC bought a new stake in Barnes Group during the second quarter worth approximately $538,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Truist Financial increased their price objective on 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 began coverage on Barnes Group in a report on Tuesday. They set a “sell” rating for the company. Finally, DA Davidson reissued a “neutral” rating and issued a $47.50 price target (down previously from $52.00) on shares of Barnes Group in a research note on Monday, October 7th.

Barnes Group Trading Up 0.0 %

NYSE B opened at $46.86 on Friday. The firm’s 50 day moving average price is $45.10 and its two-hundred day moving average price is $41.42. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.28. Barnes Group Inc. has a twelve month low of $25.75 and a twelve month high of $47.40. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of -60.86, a PEG ratio of 3.37 and a beta of 1.35.

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.