Babcock (NYSE:BW) Major Shareholder Brc Group Holdings, Inc. Acquires 130,000 Shares of Company Stock

Babcock (NYSE:BW) major shareholder Brc Group Holdings, Inc. bought 130,000 shares of the stock in a transaction that occurred on Wednesday, November 11th. The stock was bought at an average price of $4.98 per share, with a total value of $647,400.00. Following the completion of the acquisition, the insider owned 103,810 shares of the company’s stock, valued at $516,973.80. This trade represents a -496.37% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Babcock Stock Performance

Shares of BW stock opened at $4.88 on Friday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.33 and a current ratio of 1.79. The firm has a market capitalization of $710.52 million, a price-to-earnings ratio of -10.62 and a beta of 1.24. Babcock has a one year low of $3.07 and a one year high of $22.03. The company has a 50 day moving average price of $5.51 and a 200 day moving average price of $11.22.

Babcock (NYSE:BW) last announced its quarterly earnings results on Monday, August 10th. The technology company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The company had revenue of $319.72 million for the quarter, compared to analyst estimates of $196.95 million. Babcock had a net margin of 4.11% and a negative return on equity of 36.52%. Sell-side analysts anticipate that Babcock will post 0.79 EPS for the current year.

Institutional Investors Weigh In On Babcock

Large investors have recently made changes to their positions in the business. Royce & Associates LP raised its stake in shares of Babcock by 13.1% in the 3rd quarter. Royce & Associates LP now owns 851,866 shares of the technology company’s stock valued at $4,975,000 after acquiring an additional 98,686 shares during the period. Russell Investments Group Ltd. boosted its position in Babcock by 80.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 66,380 shares of the technology company’s stock worth $388,000 after purchasing an additional 29,564 shares during the period. Pier 88 Investment Partners LLC boosted its position in Babcock by 59.9% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 23,500 shares of the technology company’s stock worth $137,000 after purchasing an additional 8,800 shares during the period. Pictet Asset Management Holding SA boosted its position in Babcock by 28.3% during the 3rd quarter. Pictet Asset Management Holding SA now owns 20,687 shares of the technology company’s stock worth $121,000 after purchasing an additional 4,558 shares during the period. Finally, Chicago Partners Investment Group LLC increased its holdings in Babcock by 64.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 24,202 shares of the technology company’s stock valued at $100,000 after purchasing an additional 9,448 shares in the last quarter. Institutional investors and hedge funds own 83.17% of the company’s stock.

Analyst Ratings Changes

BW has been the subject of several research analyst reports. Needham & Company LLC dropped their price target on Babcock from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday. Wall Street Zen lowered Babcock from a “buy” rating to a “hold” rating in a research note on Sunday, August 23rd. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Babcock in a report on Wednesday, November 4th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $19.00.

Key Headlines Impacting Babcock

Here are a few of the latest headlines about BW:

• Positive Sentiment: Major shareholder BRC Group Holdings disclosed buying 130,000 shares at an average $4.98 each, a potentially supportive sign of confidence. SEC ownership filing
• Neutral Sentiment: A Seeking Alpha article characterized Babcock’s shares as substantially lower while describing the outlook as ambiguous, underscoring uncertainty around the investment case. Article: Babcock & Wilcox: Down Substantially, But Still Ambiguous
• Negative Sentiment: Pomerantz issued an investor alert regarding a class-action lawsuit and invited investors who believe they suffered losses to contact the firm. The notice adds legal uncertainty, though it does not establish any finding of wrongdoing. Pomerantz investor alert

Babcock Company Profile

Babcock & Wilcox Enterprises, Inc. is an energy and environmental technology company serving power, industrial and municipal customers. Its offerings include steam-generation equipment, emissions-control systems and related engineering, construction, maintenance and aftermarket services. The company also develops technologies for renewable and waste-to-energy applications, including systems that use biomass and municipal solid waste to produce energy. Its environmental technologies help customers manage emissions and other byproducts from energy and industrial processes.