Loomis Sayles & Co. L P Grows Stock Holdings in Barnes Group Inc. (NYSE:B)

Loomis Sayles & Co. L P grew its holdings in Barnes Group Inc. (NYSE:B) by 12.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 238,401 shares of the industrial products company’s stock after buying an additional 26,417 shares during the period. Loomis Sayles & Co. L P owned approximately 0.47% of Barnes Group worth $9,634,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in B. GAMMA Investing LLC boosted its stake in Barnes Group by 17.1% during the third quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company’s stock worth $66,000 after buying an additional 238 shares during the period. SG Americas Securities LLC purchased a new position in shares of Barnes Group during the 3rd quarter worth about $178,000. QRG Capital Management Inc. grew its holdings in Barnes Group by 4.1% during the 2nd quarter. QRG Capital Management Inc. now owns 6,073 shares of the industrial products company’s stock valued at $251,000 after purchasing an additional 240 shares during the last quarter. Quest Partners LLC purchased a new stake in Barnes Group in the 3rd quarter worth about $248,000. Finally, Intech Investment Management LLC bought a new stake in Barnes Group in the second quarter worth about $277,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Barnes Group Stock Performance

Barnes Group stock opened at $46.86 on Thursday. 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 company has a market capitalization of $2.39 billion, a PE ratio of -60.86, a P/E/G ratio of 3.37 and a beta of 1.35. The company has a 50 day moving average price of $44.93 and a 200-day moving average price of $41.38. Barnes Group Inc. has a fifty-two week low of $25.75 and a fifty-two week high of $47.40.

Analyst Upgrades and Downgrades

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

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.