Barnes Group Inc. (NYSE:B) Short Interest Update

Barnes Group Inc. (NYSE:B) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 732,500 shares, a growth of 6.6% from the October 15th total of 687,300 shares. Currently, 1.5% of the shares of the stock are short sold. Based on an average daily volume of 661,000 shares, the short-interest ratio is currently 1.1 days.

Institutional Trading of Barnes Group

Several large investors have recently bought and sold shares of B. GAMMA Investing LLC increased its stake in shares of Barnes Group by 17.1% in the third quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company’s stock worth $66,000 after buying an additional 238 shares during the last quarter. QRG Capital Management Inc. lifted its stake in Barnes Group by 4.1% during the second quarter. QRG Capital Management Inc. now owns 6,073 shares of the industrial products company’s stock worth $251,000 after purchasing an additional 240 shares during the period. Texas Permanent School Fund Corp grew its stake in shares of Barnes Group by 0.6% during the second quarter. Texas Permanent School Fund Corp now owns 44,613 shares of the industrial products company’s stock valued at $1,847,000 after purchasing an additional 263 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of Barnes Group by 2.8% in the 3rd quarter. Natixis Advisors LLC now owns 11,733 shares of the industrial products company’s stock valued at $474,000 after buying an additional 323 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in shares of Barnes Group by 3.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,608 shares of the industrial products company’s stock valued at $469,000 after acquiring an additional 348 shares in the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barnes Group Stock Performance

NYSE B traded up $0.07 on Tuesday, hitting $46.76. 172,607 shares of the company traded hands, compared to its average volume of 431,560. Barnes Group has a 52-week low of $25.75 and a 52-week high of $47.40. The company has a current ratio of 2.28, a quick ratio of 1.35 and a debt-to-equity ratio of 0.87. The business’s 50 day moving average price is $43.72 and its 200-day moving average price is $40.99. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of -60.70, a P/E/G ratio of 3.21 and a beta of 1.35.

Analyst Ratings Changes

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

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.