First Eagle Investment Management LLC Buys 104,198 Shares of Barnes Group Inc. (NYSE:B)

First Eagle Investment Management LLC lifted its holdings in shares of Barnes Group Inc. (NYSE:BFree Report) by 49.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 314,344 shares of the industrial products company’s stock after buying an additional 104,198 shares during the quarter. First Eagle Investment Management LLC owned about 0.62% of Barnes Group worth $10,678,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of B. Exchange Traded Concepts LLC acquired a new position in shares of Barnes Group in the 2nd quarter valued at $31,000. WFA of San Diego LLC acquired a new stake in shares of Barnes Group during the second quarter worth about $49,000. Lazard Asset Management LLC bought a new position in shares of Barnes Group during the 2nd quarter valued at about $51,000. Tower Research Capital LLC TRC increased its stake in Barnes Group by 275.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,715 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 1,258 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new stake in Barnes Group during the 3rd quarter worth approximately $82,000. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Barnes Group Trading Down 0.6 %

B stock opened at $33.70 on Monday. Barnes Group Inc. has a 52 week low of $18.79 and a 52 week high of $47.36. The company has a market capitalization of $1.71 billion, a PE ratio of 71.70, a price-to-earnings-growth ratio of 1.96 and a beta of 1.37. The company’s 50-day simple moving average is $30.61 and its 200 day simple moving average is $32.59. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.40 and a current ratio of 2.37.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on B shares. Truist Financial increased their price objective on Barnes Group from $23.00 to $34.00 and gave the stock a “hold” rating in a report on Wednesday, January 10th. StockNews.com upgraded shares of Barnes Group from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Finally, Oppenheimer reduced their target price on shares of Barnes Group from $48.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, October 30th.

Check Out Our Latest Report on B

Insider Transactions at Barnes Group

In other news, Director Hans-Peter Manner acquired 50,000 shares of the stock in a transaction on Tuesday, November 7th. The stock was acquired at an average cost of $22.78 per share, for a total transaction of $1,139,000.00. Following the completion of the transaction, the director now directly owns 66,079 shares in the company, valued at $1,505,279.62. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 5.10% of the stock is currently owned by insiders.

Barnes Group Company Profile

(Free Report)

Barnes Group Inc provides engineered products, industrial technologies, and solutions in the United States and internationally. It operates in 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.

Recommended Stories

Institutional Ownership by Quarter for Barnes Group (NYSE:B)

Receive News & Ratings for Barnes Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barnes Group and related companies with MarketBeat.com's FREE daily email newsletter.