Wooster Corthell Wealth Management Inc. Lowers Stock Holdings in Barnes Group Inc. (NYSE:B)

Wooster Corthell Wealth Management Inc. lowered its holdings in Barnes Group Inc. (NYSE:B) by 42.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,342 shares of the industrial products company’s stock after selling 31,592 shares during the period. Barnes Group accounts for 0.4% of Wooster Corthell Wealth Management Inc.’s investment portfolio, making the stock its 27th biggest position. Wooster Corthell Wealth Management Inc. owned about 0.08% of Barnes Group worth $2,001,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in B. Westwood Holdings Group Inc. purchased a new stake in Barnes Group during the second quarter valued at about $32,576,000. Simcoe Capital Management LLC purchased a new stake in shares of Barnes Group in the third quarter worth about $24,469,000. AYAL Capital Advisors Ltd acquired a new stake in shares of Barnes Group in the second quarter valued at about $12,166,000. Mason Capital Management LLC grew its stake in shares of Barnes Group by 32.9% in the second quarter. Mason Capital Management LLC now owns 1,050,079 shares of the industrial products company’s stock valued at $43,484,000 after buying an additional 259,957 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new stake in shares of Barnes Group in the third quarter valued at about $3,975,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Analysts Set New Price Targets

B has been the subject of a number of analyst reports. DA Davidson reissued a “neutral” rating and issued a $47.50 price target (down previously from $52.00) on shares of Barnes Group in a report on Monday, October 7th. StockNews.com began coverage on Barnes Group in a report on Monday, January 13th. They set a “sell” rating on the stock. Finally, Truist Financial increased their target price on Barnes Group from $38.00 to $47.50 and gave the stock a “hold” rating in a report on Tuesday, October 8th.

Barnes Group Stock Up 0.0 %

Shares of B stock opened at $47.32 on Monday. Barnes Group Inc. has a 1 year low of $30.18 and a 1 year high of $47.43. The stock has a market cap of $2.41 billion, a PE ratio of -61.45 and a beta of 1.32. The business’s fifty day moving average is $47.04 and its 200-day moving average is $43.40. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.28.

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.