Barnes Group Inc. (NYSE:B) Shares Sold by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC trimmed its position in shares of Barnes Group Inc. (NYSE:B) by 25.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 237,290 shares of the industrial products company’s stock after selling 80,530 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.47% of Barnes Group worth $9,589,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted 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 purchasing an additional 238 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Barnes Group in the third quarter valued at $178,000. Centiva Capital LP acquired a new stake in shares of Barnes Group in the third quarter valued at $212,000. Captrust Financial Advisors acquired a new stake in shares of Barnes Group in the third quarter valued at $224,000. Finally, Quest Partners LLC acquired a new stake in shares of Barnes Group in the third quarter valued at $248,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. StockNews.com assumed coverage on Barnes Group in a research note on Wednesday. They issued a “sell” rating on the stock. DA Davidson reiterated a “neutral” rating and issued a $47.50 price objective (down from $52.00) on shares of Barnes Group in a research note on Monday, October 7th. Finally, Truist Financial increased their price objective on 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 Stock Performance

NYSE:B opened at $47.01 on Thursday. The firm has a market capitalization of $2.39 billion, a PE ratio of -61.12 and a beta of 1.34. The business’s fifty day moving average price is $45.68 and its 200 day moving average price is $41.61. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 1.35. Barnes Group Inc. has a 12 month low of $27.21 and a 12 month high of $47.40.

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.