Captrust Financial Advisors Invests $224,000 in Barnes Group Inc. (NYSE:B)

Captrust Financial Advisors purchased a new position in shares of Barnes Group Inc. (NYSE:B) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,551 shares of the industrial products company’s stock, valued at approximately $224,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Barnes Group by 17.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 238 shares during the period. SG Americas Securities LLC purchased a new position in shares of Barnes Group in the 3rd quarter worth $178,000. Quest Partners LLC purchased a new position in shares of Barnes Group in the 3rd quarter worth $248,000. Intech Investment Management LLC purchased a new position in shares of Barnes Group in the 2nd quarter worth $277,000. Finally, QRG Capital Management Inc. grew its stake in shares of Barnes Group by 13.0% in the 3rd quarter. QRG Capital Management Inc. now owns 6,864 shares of the industrial products company’s stock worth $277,000 after buying an additional 791 shares in the last quarter. 90.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

B has been the subject of a number of recent analyst reports. DA Davidson reaffirmed a “neutral” rating and set a $47.50 price target (down from $52.00) on shares of Barnes Group in a research note on Monday, October 7th. Truist Financial boosted their price objective on shares of Barnes Group from $38.00 to $47.50 and gave the company a “hold” rating in a research report on Tuesday, October 8th. Finally, StockNews.com initiated coverage on shares of Barnes Group in a research report on Thursday. They issued a “sell” rating for the company.

Barnes Group Trading Up 0.0 %

NYSE B opened at $47.07 on Monday. 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 52 week low of $29.60 and a 52 week high of $47.40. The firm has a market cap of $2.40 billion, a PE ratio of -61.13 and a beta of 1.34. The company has a 50 day moving average price of $46.76 and a 200 day moving average price of $41.98.

About Barnes Group

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.