Teachers Advisors LLC grew its holdings in shares of Barnes Group Inc. (NYSE:B) by 0.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 144,932 shares of the industrial products company’s stock after acquiring an additional 282 shares during the quarter. Teachers Advisors LLC owned about 0.28% of Barnes Group worth $10,295,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Aristotle Capital Boston LLC lifted its position in Barnes Group by 2.9% in the 3rd quarter. Aristotle Capital Boston LLC now owns 271,109 shares of the industrial products company’s stock worth $19,257,000 after buying an additional 7,539 shares during the last quarter. Visionary Asset Management Inc. bought a new stake in Barnes Group in the 3rd quarter worth approximately $227,000. Patriot Financial Group Insurance Agency LLC lifted its position in Barnes Group by 3,841.8% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 458,589 shares of the industrial products company’s stock worth $32,574,000 after buying an additional 446,955 shares during the last quarter. PEAK6 Investments L.P. bought a new stake in Barnes Group in the 2nd quarter worth approximately $652,000. Finally, Marshall Wace LLP bought a new stake in Barnes Group in the 3rd quarter worth approximately $2,296,000. Hedge funds and other institutional investors own 85.61% of the company’s stock.
A number of equities analysts have commented on the company. Sidoti raised Barnes Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 2nd. Zacks Investment Research raised Barnes Group from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Friday, December 28th. DA Davidson set a $66.00 price target on Barnes Group and gave the stock a “hold” rating in a research note on Monday, November 19th. SunTrust Banks decreased their price target on Barnes Group from $63.00 to $61.00 and set a “hold” rating on the stock in a research note on Monday, October 29th. Finally, ValuEngine cut Barnes Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 6th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $69.33.
Barnes Group (NYSE:B) last released its earnings results on Friday, October 26th. The industrial products company reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.03). Barnes Group had a return on equity of 13.39% and a net margin of 4.60%. The company had revenue of $369.80 million during the quarter, compared to the consensus estimate of $379.27 million. During the same period last year, the firm posted $0.66 earnings per share. The company’s revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts anticipate that Barnes Group Inc. will post 3.23 earnings per share for the current fiscal year.
In other news, Director Hassell H. Mcclellan sold 1,400 shares of the company’s stock in a transaction on Monday, November 26th. The stock was sold at an average price of $58.25, for a total transaction of $81,550.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas O. Barnes sold 770 shares of the company’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $59.28, for a total value of $45,645.60. The disclosure for this sale can be found here. Insiders own 7.93% of the company’s stock.
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Barnes Group Company Profile
Barnes Group Inc operates as an industrial and aerospace manufacturer, and service provider in the United States and internationally. Its Industrial segment offers precision components, products, and systems for applications serving various customers in end-markets, such as transportation, industrial equipment, consumer products, packaging, electronics, medical devices, and energy.
Further Reading: What is Liquidity?
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