Shares of Babcock & Wilcox Enterprises Inc. (NYSE:BW) hit a new 52-week low during trading on Wednesday . The company traded as low as $14.27 and last traded at $14.72, with a volume of 265,687 shares changing hands. The stock had previously closed at $14.61.

Separately, Zacks Investment Research upgraded Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a report on Tuesday, May 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $24.00.

The firm has a market cap of $751.00 million and a PE ratio of 47.35. The firm has a 50-day moving average price of $19.91 and a 200 day moving average price of $20.49.

Babcock & Wilcox Enterprises (NYSE:BW) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.06. The business had revenue of $404.10 million for the quarter, compared to analyst estimates of $410.72 million. The business’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 earnings per share. On average, analysts forecast that Babcock & Wilcox Enterprises Inc. will post $0.79 EPS for the current year.

A number of hedge funds have modified their holdings of BW. Brandes Investment Partners LP increased its stake in shares of Babcock & Wilcox Enterprises by 155.5% in the fourth quarter. Brandes Investment Partners LP now owns 49,040 shares of the company’s stock worth $1,024,000 after buying an additional 29,844 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Babcock & Wilcox Enterprises by 2.1% in the fourth quarter. New York State Common Retirement Fund now owns 392,510 shares of the company’s stock valued at $8,192,000 after buying an additional 8,160 shares in the last quarter. Oxford Asset Management purchased a new stake in shares of Babcock & Wilcox Enterprises during the fourth quarter valued at approximately $2,035,000. State Board of Administration of Florida Retirement System increased its stake in shares of Babcock & Wilcox Enterprises by 0.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 82,056 shares of the company’s stock valued at $1,713,000 after buying an additional 720 shares in the last quarter. Finally, Russell Frank Co increased its stake in shares of Babcock & Wilcox Enterprises by 26.3% in the fourth quarter. Russell Frank Co now owns 904,061 shares of the company’s stock valued at $18,741,000 after buying an additional 188,480 shares in the last quarter.

Babcock & Wilcox Enterprises, Inc is a technology-based provider of fossil and renewable power generation and environmental equipment that includes a suite of boiler products and environmental systems, and services for power and industrial uses. The Company operates in three segments: Global Power, Global Services and Industrial Environmental.

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