New York State Teachers Retirement System Sells 1,500 Shares of Barnes Group Inc. (NYSE:B)

New York State Teachers Retirement System trimmed its position in shares of Barnes Group Inc. (NYSE:B) by 2.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,127 shares of the industrial products company’s stock after selling 1,500 shares during the period. New York State Teachers Retirement System owned 0.14% of Barnes Group worth $2,955,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in 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 period. Dimensional Fund Advisors LP lifted its holdings in shares of Barnes Group by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,587,611 shares of the industrial products company’s stock worth $148,565,000 after buying an additional 60,152 shares in the last quarter. Mason Capital Management LLC boosted its position in shares of 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 worth $43,484,000 after acquiring an additional 259,957 shares during the last quarter. Westwood Holdings Group Inc. purchased a new position in Barnes Group during the second quarter valued at $32,576,000. Finally, Kennedy Capital Management LLC increased its holdings in Barnes Group by 10.7% in the 1st quarter. Kennedy Capital Management LLC now owns 753,625 shares of the industrial products company’s stock valued at $27,997,000 after acquiring an additional 72,546 shares during the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barnes Group Stock Performance

Shares of NYSE:B opened at $46.65 on Friday. The business has a 50 day simple moving average of $42.53 and a two-hundred day simple moving average of $40.37. Barnes Group Inc. has a 1 year low of $22.51 and a 1 year high of $47.40. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.28.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on B shares. Truist Financial lifted their price objective on 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 research report on Saturday, November 2nd. They issued a “sell” rating on the stock. Finally, 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 note 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.