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

SG Americas Securities LLC bought a new stake in Barnes Group Inc. (NYSE:B) in the third quarter, Holdings Channel reports. The institutional investor bought 4,407 shares of the industrial products company’s stock, valued at approximately $178,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. William B. Walkup & Associates Inc. acquired a new position in Barnes Group in the second quarter valued at about $714,000. Creative Planning grew its holdings in shares of Barnes Group by 13.8% during the second quarter. Creative Planning now owns 25,423 shares of the industrial products company’s stock worth $1,053,000 after purchasing an additional 3,089 shares during the last quarter. AYAL Capital Advisors Ltd acquired a new stake in shares of Barnes Group in the second quarter valued at $12,166,000. Mason Capital Management LLC raised its holdings in shares of Barnes Group by 32.9% in 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 during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Barnes Group during the second quarter valued at approximately $1,876,000. 90.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

B has been the topic of several recent research reports. Truist Financial raised 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. StockNews.com started coverage on Barnes Group in a research note on Thursday, October 17th. They issued a “sell” rating for the company. Finally, DA Davidson restated a “neutral” rating and set a $47.50 target price (down previously from $52.00) on shares of Barnes Group in a report on Monday, October 7th.

Barnes Group Trading Up 0.1 %

B stock opened at $46.67 on Thursday. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 518.56, a price-to-earnings-growth ratio of 2.87 and a beta of 1.38. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.24 and a quick ratio of 1.33. Barnes Group Inc. has a one year low of $18.79 and a one year high of $46.72. The company has a fifty day moving average price of $40.62 and a two-hundred day moving average price of $39.48.

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

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.