Barnes Group Inc. (NYSE:B) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. reduced its position in Barnes Group Inc. (NYSE:B) by 29.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,150 shares of the industrial products company’s stock after selling 2,150 shares during the period. Everence Capital Management Inc.’s holdings in Barnes Group were worth $243,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Texas Permanent School Fund Corp raised its stake in Barnes Group by 0.6% during the second quarter. Texas Permanent School Fund Corp now owns 44,613 shares of the industrial products company’s stock worth $1,847,000 after purchasing an additional 263 shares during the period. NINE MASTS CAPITAL Ltd acquired a new stake in shares of Barnes Group during the 2nd quarter worth $286,000. Dimensional Fund Advisors LP raised its position in shares of Barnes Group by 1.7% in the 2nd 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 during the period. Renaissance Technologies LLC boosted its holdings in Barnes Group by 158.2% in the second quarter. Renaissance Technologies LLC now owns 50,600 shares of the industrial products company’s stock valued at $2,095,000 after acquiring an additional 31,000 shares during the last quarter. Finally, Moors & Cabot Inc. grew its position in Barnes Group by 14.4% during the second quarter. Moors & Cabot Inc. now owns 9,434 shares of the industrial products company’s stock valued at $391,000 after acquiring an additional 1,184 shares during the period. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Analyst Upgrades and Downgrades

B has been the topic of a number of research reports. DA Davidson restated a “neutral” rating and issued a $47.50 price objective (down from $52.00) on shares of Barnes Group in a report on Monday, October 7th. StockNews.com started coverage on shares of Barnes Group in a report on Sunday. They issued a “sell” rating on the stock. Finally, Truist Financial boosted their price objective on shares of Barnes Group from $38.00 to $47.50 and gave the stock a “hold” rating in a research note on Tuesday, October 8th.

Barnes Group Stock Performance

Shares of B opened at $47.25 on Thursday. Barnes Group Inc. has a 12 month low of $29.69 and a 12 month high of $47.40. The stock’s 50-day moving average is $46.96 and its two-hundred day moving average is $43.05. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 1.35. The stock has a market cap of $2.41 billion, a PE ratio of -61.36 and a beta of 1.32.

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.