Babcock (NYSE:BW) Receives Consensus Rating of “Hold” from Analysts

Shares of Babcock (NYSE:BW) have received an average rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $8.00.

BW has been the subject of several research reports. Northland Securities initiated coverage on shares of Babcock in a research report on Thursday, January 22nd. They issued an “outperform” rating and a $10.00 price target for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Babcock in a report on Wednesday, January 21st. Finally, Zacks Research raised shares of Babcock to a “hold” rating in a research note on Friday, January 23rd.

Insider Activity at Babcock

In other news, major shareholder Brc Group Holdings, Inc. sold 1,155,382 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $9.00, for a total value of $10,398,438.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On Babcock

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quinn Opportunity Partners LLC raised its holdings in Babcock by 200.0% in the second quarter. Quinn Opportunity Partners LLC now owns 90,000 shares of the technology company’s stock worth $87,000 after purchasing an additional 60,000 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Babcock by 93.0% in the 2nd quarter. Marshall Wace LLP now owns 395,945 shares of the technology company’s stock valued at $380,000 after buying an additional 190,814 shares in the last quarter. Gendell Jeffrey L grew its position in shares of Babcock by 49.2% in the 2nd quarter. Gendell Jeffrey L now owns 2,574,848 shares of the technology company’s stock worth $2,477,000 after buying an additional 849,602 shares during the last quarter. Nomura Holdings Inc. grew its position in shares of Babcock by 58.2% in the 2nd quarter. Nomura Holdings Inc. now owns 127,382 shares of the technology company’s stock worth $123,000 after buying an additional 46,884 shares during the last quarter. Finally, Shikiar Asset Management Inc. bought a new position in shares of Babcock during the 3rd quarter worth approximately $138,000. Hedge funds and other institutional investors own 83.17% of the company’s stock.

Babcock Trading Down 11.9%

Shares of Babcock stock opened at $13.00 on Friday. The stock’s fifty day moving average price is $9.51 and its 200-day moving average price is $6.11. The firm has a market cap of $1.44 billion, a P/E ratio of -24.07 and a beta of 1.54. Babcock has a 12 month low of $0.22 and a 12 month high of $14.90.

Babcock (NYSE:BW) last issued its earnings results on Wednesday, March 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The business had revenue of $161.00 million for the quarter, compared to the consensus estimate of $179.10 million.

Babcock Company Profile

Babcock & Wilcox Enterprises, Inc (NYSE: BW) is a specialized provider of energy and environmental technologies and services serving power generation and heavy industrial markets. The company designs, manufactures and maintains critical components and systems that support the safe and efficient operation of both fossil-fuel and renewable power facilities. Its core offerings include industrial and utility boilers, environmental control systems for emissions reduction, and aftermarket support services ranging from inspection and maintenance to spare parts management.

In addition to its boiler and emissions control portfolio, Babcock & Wilcox Enterprises delivers lifecycle solutions aimed at enhancing plant performance and compliance.