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

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

The stock has a market capitalization of $763.17 million and a price-to-earnings ratio of 48.12. The stock has a 50-day moving average price of $18.00 and a 200-day moving average price of $20.07.

Babcock & Wilcox Enterprises (NYSE:BW) last released its quarterly earnings data on Tuesday, May 10th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.06. The firm earned $404.10 million during the quarter, compared to the consensus estimate of $410.72 million. During the same period in the previous year, the firm earned $0.26 EPS. The business’s revenue was up 1.7% compared to the same quarter last year. Analysts forecast that Babcock & Wilcox Enterprises Inc. will post $0.68 EPS for the current year.

Other institutional investors recently made changes to their positions in the company. 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 worth $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 worth $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 worth $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 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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