Babcock & Wilcox Enterprises Inc. (NYSE:BW) rose 2.5% during mid-day trading on Thursday . The company traded as high as $15.93 and last traded at $15.69, with a volume of 289,535 shares traded. The stock had previously closed at $15.31.

Separately, Zacks Investment Research raised shares of Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a report on Tuesday, May 3rd.

The stock has a market cap of $790.02 million and a price-to-earnings ratio of 49.81. The stock has a 50 day moving average price of $18.80 and a 200 day moving average price of $20.25.

Babcock & Wilcox Enterprises (NYSE:BW) last posted 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. During the same quarter in the previous year, the company earned $0.26 earnings per share. The firm earned $404.10 million during the quarter, compared to the consensus estimate of $410.72 million. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities research analysts expect that Babcock & Wilcox Enterprises Inc. will post $0.79 earnings per share for the current year.

Several institutional investors recently added to or reduced their stakes in BW. Dimensional Fund Advisors LP increased its position in Babcock & Wilcox Enterprises by 99.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 671,578 shares of the company’s stock valued at $14,016,000 after buying an additional 334,324 shares during the period. Brandes Investment Partners LP increased its position in Babcock & Wilcox Enterprises by 155.5% in the fourth quarter. Brandes Investment Partners LP now owns 49,040 shares of the company’s stock valued at $1,024,000 after buying an additional 29,844 shares during the period. New York State Common Retirement Fund increased its position in 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 during the period. Oxford Asset Management bought a new position in Babcock & Wilcox Enterprises during the fourth quarter valued at approximately $2,035,000. Finally, State Board of Administration of Florida Retirement System increased its position in 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 during the period.

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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