Thrivent Financial for Lutherans Has $21.17 Million Stock Position in Barnes Group Inc. (NYSE:B)

Thrivent Financial for Lutherans cut its holdings in Barnes Group Inc. (NYSE:B) by 14.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 523,953 shares of the industrial products company’s stock after selling 88,645 shares during the quarter. Thrivent Financial for Lutherans owned about 1.03% of Barnes Group worth $21,173,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Westwood Holdings Group Inc. bought a new stake in shares of Barnes Group in the second quarter valued at approximately $32,576,000. AYAL Capital Advisors Ltd acquired a new stake in Barnes Group during the 2nd quarter valued at $12,166,000. Mason Capital Management LLC lifted its position in Barnes Group by 32.9% during the 2nd quarter. Mason Capital Management LLC now owns 1,050,079 shares of the industrial products company’s stock valued at $43,484,000 after purchasing an additional 259,957 shares during the period. Vanguard Group Inc. boosted its position 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. Finally, Kennedy Capital Management LLC grew its stake in shares of Barnes Group by 10.7% during the first quarter. Kennedy Capital Management LLC now owns 753,625 shares of the industrial products company’s stock worth $27,997,000 after purchasing an additional 72,546 shares during the period. 90.82% of the stock is currently owned by institutional investors.

Barnes Group Stock Down 0.0 %

Shares of Barnes Group stock opened at $46.74 on Thursday. Barnes Group Inc. has a 52-week low of $25.75 and a 52-week 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. The business’s 50 day simple moving average is $44.19 and its 200 day simple moving average is $41.10. The firm has a market cap of $2.38 billion, a PE ratio of -60.70, a P/E/G ratio of 3.21 and a beta of 1.35.

Wall Street Analysts Forecast Growth

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

Barnes Group Company 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.