Pettyjohn Wood & White Inc. Sells 1,250 Shares of Barnes Group Inc. (NYSE:B)

Pettyjohn Wood & White Inc. decreased its stake in Barnes Group Inc. (NYSE:B) by 18.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,500 shares of the industrial products company’s stock after selling 1,250 shares during the period. Pettyjohn Wood & White Inc.’s holdings in Barnes Group were worth $260,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. KBC Group NV boosted its position in Barnes Group by 52.4% during the fourth quarter. KBC Group NV now owns 2,186 shares of the industrial products company’s stock valued at $103,000 after acquiring an additional 752 shares during the last quarter. Centiva Capital LP acquired a new position in shares of Barnes Group in the 3rd quarter valued at about $212,000. Cable Hill Partners LLC bought a new stake in shares of Barnes Group during the 4th quarter valued at about $223,000. Captrust Financial Advisors acquired a new stake in Barnes Group during the third quarter worth approximately $224,000. Finally, Needham Investment Management LLC bought a new stake in shares of Barnes Group in the 3rd quarter valued at $242,000. 90.82% of the stock is currently owned by institutional investors.

Barnes Group Stock Performance

Shares of B stock opened at $47.48 on Friday. 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 firm has a fifty day simple moving average of $47.37 and a two-hundred day simple moving average of $44.74. Barnes Group Inc. has a 12 month low of $32.00 and a 12 month high of $47.50. The firm has a market capitalization of $2.42 billion, a PE ratio of -61.66 and a beta of 1.32.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Barnes Group in a research note on Saturday, February 22nd. They issued a “sell” rating for the company.

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.