15,000 Shares in Barnes Group Inc. (NYSE:B) Bought by Jade Capital Advisors LLC

Jade Capital Advisors LLC acquired a new position in shares of Barnes Group Inc. (NYSE:B) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 15,000 shares of the industrial products company’s stock, valued at approximately $606,000.

Several other hedge funds also recently made changes to their positions in B. UniSuper Management Pty Ltd acquired a new position in Barnes Group during the first quarter worth $497,000. Renaissance Technologies LLC lifted its stake in shares of 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 purchasing an additional 31,000 shares during the period. Vanguard Group Inc. boosted its holdings in Barnes Group by 3.8% during the first quarter. Vanguard Group Inc. now owns 5,689,535 shares of the industrial products company’s stock worth $211,366,000 after buying an additional 206,351 shares in the last quarter. William B. Walkup & Associates Inc. purchased a new position in Barnes Group in the second quarter valued at about $714,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Barnes Group by 22.0% during the 1st quarter. Russell Investments Group Ltd. now owns 383,359 shares of the industrial products company’s stock worth $14,242,000 after acquiring an additional 69,097 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on B. StockNews.com started coverage on Barnes Group in a report on Thursday, October 17th. They set a “sell” rating for the company. Truist Financial lifted their price target on Barnes Group from $38.00 to $47.50 and gave the stock a “hold” rating in a research note on Tuesday, October 8th. Finally, 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.

Barnes Group Trading Down 0.2 %

Shares of B stock opened at $46.54 on Tuesday. Barnes Group Inc. has a twelve month low of $18.79 and a twelve month high of $46.72. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 517.11, a PEG ratio of 2.87 and a beta of 1.38. The firm has a 50-day moving average price of $40.25 and a 200 day moving average price of $39.32. The company has a current ratio of 2.24, a quick ratio of 1.33 and a debt-to-equity ratio of 0.90.

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

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.