King Luther Capital Management Corp Trimmed Its Barnes Group INC (B) Position by $10.75 Million as Shares Declined

Barnes Group Inc. (NYSE:B) LogoInvestors sentiment decreased to 0.84 in Q2 2019. Its down 0.52, from 1.36 in 2019Q1. It worsened, as 27 investors sold B shares while 66 reduced holdings. 24 funds opened positions while 54 raised stakes. 42.30 million shares or 1.26% less from 42.84 million shares in 2019Q1 were reported. State Street owns 1.59M shares for 0.01% of their portfolio. Anchor Capital Advsr Ltd accumulated 0.08% or 39,118 shares. Barrow Hanley Mewhinney & Strauss Ltd invested 0.07% in Barnes Group Inc. (NYSE:B). 13,000 are owned by Argyle Cap Management Inc. Proshare Advsr Ltd Liability Co owns 6,639 shares. Susquehanna Intll Ltd Liability Partnership stated it has 20,386 shares. Duncker Streett Co Inc owns 1,400 shares. Stone Ridge Asset Ltd Liability Corp holds 0.01% or 3,764 shares in its portfolio. Sector Pension Board holds 104,287 shares. Caxton Associates Limited Partnership owns 0.08% invested in Barnes Group Inc. (NYSE:B) for 11,734 shares. State Of Wisconsin Investment Board owns 154,000 shares or 0.02% of their US portfolio. Kbc Gru Nv reported 0% stake. Champlain Investment Ptnrs Limited Liability Co reported 0.65% of its portfolio in Barnes Group Inc. (NYSE:B). Winslow Evans And Crocker Incorporated accumulated 0% or 110 shares. 315,388 are owned by Ameriprise Incorporated.

Since June 6, 2019, it had 3 insider purchases, and 0 sales for $5,850 activity. BENANAV GARY G had bought 35 shares worth $1,896.

King Luther Capital Management Corp decreased its stake in Barnes Group Inc (B) by 42.24% based on its latest 2019Q2 regulatory filing with the SEC. King Luther Capital Management Corp sold 153,521 shares as the company’s stock declined 8.25% . The institutional investor held 209,933 shares of the capital goods company at the end of 2019Q2, valued at $14.79 million, down from 363,454 at the end of the previous reported quarter. King Luther Capital Management Corp who had been investing in Barnes Group Inc for a number of months, seems to be less bullish one the $2.59B market cap company. The stock increased 3.45% or $1.71 during the last trading session, reaching $51.22. About 252,105 shares traded or 6.91% up from the average. Barnes Group Inc. (NYSE:B) has declined 21.71% since October 12, 2018 and is downtrending. It has underperformed by 21.71% the S&P500.

King Luther Capital Management Corp, which manages about $16.93 billion and $11.42 billion US Long portfolio, upped its stake in Xilinx Inc (NASDAQ:XLNX) by 55,300 shares to 79,700 shares, valued at $5.65M in 2019Q2, according to the filing. It also increased its holding in Chevron Corp New (NYSE:CVX) by 34,948 shares in the quarter, for a total of 632,232 shares, and has risen its stake in Lauder Estee Cos Inc (NYSE:EL).

Analysts await Barnes Group Inc. (NYSE:B) to report earnings on October, 25. They expect $0.79 EPS, up 1.28 % or $0.01 from last year’s $0.78 per share. B’s profit will be $39.99 million for 16.21 P/E if the $0.79 EPS becomes a reality. After $0.75 actual EPS reported by Barnes Group Inc. for the previous quarter, Wall Street now forecasts 5.33 % EPS growth.

More notable recent Barnes Group Inc. (NYSE:B) news were published by: Finance.Yahoo.com which released: “What Kind Of Shareholders Own NIKE, Inc. (NYSE:NKE)? – Yahoo Finance” on October 11, 2019, also Finance.Yahoo.com with their article: “Is The Southern Company (NYSE:SO) A High Quality Stock To Own? – Yahoo Finance” published on October 04, 2019, Seekingalpha.com published: “ConocoPhillips pops after lifting dividend, planning $3B stock buyback – Seeking Alpha” on October 07, 2019. More interesting news about Barnes Group Inc. (NYSE:B) were released by: Finance.Yahoo.com and their article: “We Think Thor Industries (NYSE:THO) Is Taking Some Risk With Its Debt – Yahoo Finance” published on September 23, 2019 as well as Bizjournals.com‘s news article titled: “HPI Federal inks $1.4B Navy contract for computers, hardware – Washington Business Journal” with publication date: October 09, 2019.

Barnes Group Inc. (NYSE:B) Institutional Positions Chart

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