Thompson Davis & CO. Inc. Has $822,000 Stock Position in Babcock $BW

Thompson Davis & CO. Inc. lowered its stake in shares of Babcock (NYSE:BW) by 38.7% in the first quarter, Holdings Channel.com reports. The firm owned 55,965 shares of the technology company’s stock after selling 35,360 shares during the period. Thompson Davis & CO. Inc.’s holdings in Babcock were worth $822,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Huntington National Bank grew its position in Babcock by 400,000.0% in the 4th quarter. Huntington National Bank now owns 4,001 shares of the technology company’s stock worth $25,000 after purchasing an additional 4,000 shares in the last quarter. Rockefeller Capital Management L.P. bought a new position in shares of Babcock during the 4th quarter worth $25,000. Centiva Capital LP purchased a new position in shares of Babcock in the third quarter worth about $31,000. Raymond James Financial Inc. grew its stake in Babcock by 11,311.3% in the 3rd quarter. Raymond James Financial Inc. now owns 12,096 shares of the technology company’s stock valued at $35,000 after buying an additional 11,990 shares in the last quarter. Finally, Sender Co & Partners Inc. purchased a new position in shares of Babcock in the third quarter valued at $50,000. Institutional investors own 83.17% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Babcock in a research note on Monday, April 20th. Craig Hallum reiterated a “buy” rating and set a $19.00 price objective on shares of Babcock in a research report on Tuesday, March 17th. Northland Securities set a $23.00 target price on shares of Babcock in a report on Tuesday, May 12th. Finally, Wall Street Zen downgraded shares of Babcock from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $14.25.

Babcock Price Performance

BW opened at $17.38 on Friday. The stock’s 50 day simple moving average is $17.45 and its 200 day simple moving average is $12.36. Babcock has a 1 year low of $0.87 and a 1 year high of $22.03. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of -19.75 and a beta of 1.10.

Babcock (NYSE:BW) last posted its quarterly earnings results on Monday, May 11th. The technology company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.57). The company had revenue of $214.41 million for the quarter, compared to the consensus estimate of $149.72 million. As a group, sell-side analysts anticipate that Babcock will post 0.31 EPS for the current year.

Babcock 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.