Babcock (NYSE:BW) Receives Consensus Recommendation of “Hold” from Brokerages

Babcock (NYSE:BW) has earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $15.40.

BW has been the topic of several recent research reports. Wall Street Zen cut shares of Babcock from a “buy” rating to a “hold” rating in a report on Sunday, August 23rd. Weiss Ratings raised shares of Babcock from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Finally, Needham & Company LLC began coverage on shares of Babcock in a research note on Monday, August 31st. They set a “buy” rating and a $20.00 price objective on the stock.

Babcock Stock Down 1.1%

Shares of NYSE:BW opened at $5.64 on Tuesday. The business’s 50 day moving average is $7.81 and its 200 day moving average is $12.82. The stock has a market cap of $840.16 million, a P/E ratio of -31.33 and a beta of 1.17. Babcock has a 52-week low of $2.90 and a 52-week high of $22.03. The company has a quick ratio of 1.33, a current ratio of 1.45 and a debt-to-equity ratio of 4.21.

Babcock (NYSE:BW) last issued its earnings results on Monday, August 10th. The technology company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. The business had revenue of $319.72 million during the quarter, compared to analysts’ expectations of $196.95 million. Babcock had a negative return on equity of 4.51% and a negative net margin of 2.17%. Sell-side analysts predict that Babcock will post 0.27 EPS for the current year.

Insiders Place Their Bets

In related news, Director Philip Moeller bought 5,000 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were acquired at an average price of $9.50 per share, with a total value of $47,500.00. Following the transaction, the director owned 240,809 shares of the company’s stock, valued at $2,287,685.50. The trade was a 2.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BW. Engineers Gate Manager LP grew its stake in Babcock by 116.1% in the second quarter. Engineers Gate Manager LP now owns 53,109 shares of the technology company’s stock valued at $749,000 after purchasing an additional 28,528 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Babcock during the second quarter valued at about $25,000. Arizona State Retirement System purchased a new stake in shares of Babcock during the second quarter valued at about $428,000. Readystate Asset Management LP bought a new stake in shares of Babcock in the 2nd quarter valued at about $1,900,000. Finally, Situational Awareness LP grew its position in shares of Babcock by 49.7% in the 2nd quarter. Situational Awareness LP now owns 2,027,451 shares of the technology company’s stock worth $28,587,000 after buying an additional 673,551 shares during the last quarter. 83.17% of the stock is owned by institutional investors.

Babcock Company Profile

Babcock & Wilcox Enterprises, Inc (NYSE: BW) is an energy and environmental technology company that provides products and services for power generation, industrial processing and emissions control. Its portfolio includes boilers, steam-generation equipment, thermal technologies, and systems designed to reduce air pollutants and improve energy efficiency.

The company also develops technologies for waste-to-energy, renewable energy, hydrogen production and carbon management. Its solutions are used by utilities, industrial operators, municipal organizations and other customers seeking to generate energy from conventional or alternative fuels while managing environmental impacts.

Babcock & Wilcox traces its roots to the Babcock & Wilcox Company, founded in the 19th century.