Babcock & Wilcox Enterprises Inc. (NYSE:BW) shares dropped 2.2% on Friday . The stock traded as low as $15.35 and last traded at $15.38, with a volume of 158,950 shares changing hands. The stock had previously closed at $15.73.

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

The firm has a market capitalization of $790.02 million and a price-to-earnings ratio of 49.81. The company’s 50 day moving average price is $18.80 and its 200-day moving average price is $20.25.

Babcock & Wilcox Enterprises (NYSE:BW) last released its quarterly earnings data on Tuesday, May 10th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. The business earned $404.10 million during the quarter, compared to analysts’ expectations of $410.72 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS. On average, equities analysts anticipate that Babcock & Wilcox Enterprises Inc. will post $0.79 EPS for the current fiscal year.

Several hedge funds and institutional investors have added to or reduced their stakes in BW. 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 worth $1,024,000 after buying an additional 29,844 shares during the last quarter. State Board of Administration of Florida Retirement System boosted 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 worth $1,713,000 after buying an additional 720 shares during the period. New York State Common Retirement Fund boosted 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 worth $8,192,000 after buying an additional 8,160 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Babcock & Wilcox Enterprises by 99.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 671,578 shares of the company’s stock worth $14,016,000 after buying an additional 334,324 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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