Paloma Partners Management Co Acquires New Holdings in Barnes Group Inc. (NYSE:B)

Paloma Partners Management Co bought a new position in shares of Barnes Group Inc. (NYSE:B) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,400 shares of the industrial products company’s stock, valued at approximately $259,000.

Other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in shares of Barnes Group by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,587,611 shares of the industrial products company’s stock worth $148,565,000 after purchasing an additional 60,152 shares in the last quarter. Mason Capital Management LLC increased its stake 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 worth $43,484,000 after buying an additional 259,957 shares during the period. Westwood Holdings Group Inc. acquired a new stake in Barnes Group during the 2nd quarter worth approximately $32,576,000. Patriot Financial Group Insurance Agency LLC boosted its position in Barnes Group by 9.6% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 548,088 shares of the industrial products company’s stock valued at $22,148,000 after buying an additional 47,821 shares during the period. Finally, Fisher Asset Management LLC grew its stake in shares of Barnes Group by 4.1% in the third quarter. Fisher Asset Management LLC now owns 448,991 shares of the industrial products company’s stock worth $18,144,000 after acquiring an additional 17,643 shares in the last quarter. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Barnes Group Price Performance

B stock opened at $46.98 on Friday. The company has a quick ratio of 1.35, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. Barnes Group Inc. has a fifty-two week low of $27.84 and a fifty-two week high of $47.40. The business has a 50 day moving average price of $46.13 and a 200 day moving average price of $41.72. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of -61.01 and a beta of 1.34.

Wall Street Analysts Forecast Growth

Several research firms recently commented on B. StockNews.com assumed coverage on Barnes Group in a research note on Wednesday. They set a “sell” rating for the company. DA Davidson reissued a “neutral” rating and set a $47.50 price objective (down from $52.00) on shares of Barnes Group in a research report on Monday, October 7th. Finally, Truist Financial raised their target price 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 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.