Foundry Partners LLC trimmed its holdings in Barnes Group Inc. (NYSE:B) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 267,893 shares of the industrial products company’s stock after selling 2,641 shares during the period. Barnes Group accounts for about 0.7% of Foundry Partners LLC’s holdings, making the stock its 28th biggest holding. Foundry Partners LLC’s holdings in Barnes Group were worth $16,950,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. YorkBridge Wealth Partners LLC grew its holdings in shares of Barnes Group by 4,461.8% in the third quarter. YorkBridge Wealth Partners LLC now owns 1,551 shares of the industrial products company’s stock valued at $109,000 after purchasing an additional 1,517 shares during the period. D.A. Davidson & CO. purchased a new stake in shares of Barnes Group in the second quarter valued at about $137,000. Riverhead Capital Management LLC grew its holdings in shares of Barnes Group by 54.6% in the second quarter. Riverhead Capital Management LLC now owns 2,629 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 929 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Barnes Group by 156.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,202 shares of the industrial products company’s stock valued at $156,000 after purchasing an additional 1,342 shares during the period. Finally, Visionary Asset Management Inc. purchased a new stake in shares of Barnes Group in the third quarter valued at about $216,000. Institutional investors and hedge funds own 87.73% of the company’s stock.

Shares of Barnes Group Inc. (B) traded up $0.41 during mid-day trading on Thursday, reaching $67.31. 171,900 shares of the company’s stock traded hands, compared to its average volume of 208,081. The company has a current ratio of 2.20, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $3,586.55, a price-to-earnings ratio of 23.70, a PEG ratio of 2.14 and a beta of 1.36. Barnes Group Inc. has a one year low of $46.74 and a one year high of $72.87.

Barnes Group (NYSE:B) last announced its earnings results on Friday, October 27th. The industrial products company reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.03). The company had revenue of $357.16 million for the quarter, compared to analysts’ expectations of $351.01 million. Barnes Group had a return on equity of 12.44% and a net margin of 11.20%. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period last year, the business earned $0.71 EPS. sell-side analysts anticipate that Barnes Group Inc. will post 2.85 EPS for the current fiscal year.

In other news, Director Thomas O. Barnes sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $66.36, for a total value of $99,540.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Christopher J. Stephens sold 15,700 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $63.53, for a total transaction of $997,421.00. The disclosure for this sale can be found here. Company insiders own 8.50% of the company’s stock.

B has been the subject of several research analyst reports. ValuEngine lowered shares of Barnes Group from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. SunTrust Banks reaffirmed a “hold” rating and set a $60.00 target price on shares of Barnes Group in a research note on Thursday, October 12th. Robert W. Baird reaffirmed a “hold” rating and set a $65.00 target price on shares of Barnes Group in a research note on Sunday, October 29th. Finally, Zacks Investment Research lowered shares of Barnes Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $68.17.

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Barnes Group Company Profile

Barnes Group Inc is an industrial and aerospace manufacturer and service provider, serving a range of end markets and customers. The Company’s engineered products, industrial technologies, and solutions are used in applications that provide transportation, manufacturing, healthcare products and technology to the world.

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

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