Barnes Group Inc. (NYSE:B) Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC grew its holdings in shares of Barnes Group Inc. (NYSE:B) by 4.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 448,991 shares of the industrial products company’s stock after purchasing an additional 17,643 shares during the period. Fisher Asset Management LLC’s holdings in Barnes Group were worth $18,144,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in B. GAMMA Investing LLC lifted its stake in shares of Barnes Group by 17.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 238 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Barnes Group during the third quarter valued at $178,000. Quest Partners LLC acquired a new position in shares of Barnes Group in the third quarter worth about $248,000. QRG Capital Management Inc. raised its stake 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 period. Finally, Intech Investment Management LLC purchased a new stake in Barnes Group in the 2nd quarter worth about $277,000. 90.82% of the stock is owned by institutional investors.

Barnes Group Trading Up 0.0 %

Shares of B stock opened at $46.86 on Thursday. Barnes Group Inc. has a 12 month low of $25.75 and a 12 month high of $47.40. The company has a market cap of $2.39 billion, a PE ratio of -60.86, a price-to-earnings-growth ratio of 3.37 and a beta of 1.35. The company has a quick ratio of 1.35, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. The business’s 50 day moving average is $44.93 and its two-hundred day moving average is $41.38.

Analyst Ratings Changes

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