Babcock & Wilcox Enterprises Inc. (NYSE:BW)’s share price fell 4% on Friday . The stock traded as low as $14.95 and last traded at $15.01, with a volume of 161,088 shares traded. The stock had previously closed at $15.64.

Separately, Zacks Investment Research downgraded Babcock & Wilcox Enterprises from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 30th.

The stock has a market cap of $763.17 million and a P/E ratio of 48.12. The company has a 50-day moving average price of $18.20 and a 200-day moving average price of $20.11.

Babcock & Wilcox Enterprises (NYSE:BW) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.06. The firm had revenue of $404.10 million for the quarter, compared to analyst estimates of $410.72 million. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 earnings per share. Analysts anticipate that Babcock & Wilcox Enterprises Inc. will post $0.68 earnings per share for the current year.

Several institutional investors have recently modified their holdings of BW. Brandes Investment Partners LP boosted its position 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 valued at $1,024,000 after buying an additional 29,844 shares during the period. State Board of Administration of Florida Retirement System boosted its position 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 during the period. New York State Common Retirement Fund boosted its position 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 during the period. Finally, Dimensional Fund Advisors LP boosted its position 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 valued at $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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