StockNews.com Downgrades Babcock & Wilcox Enterprises (NYSE:BW) to Sell

StockNews.com downgraded shares of Babcock & Wilcox Enterprises (NYSE:BWGet Rating) from a hold rating to a sell rating in a research note issued to investors on Friday.

Several other equities research analysts have also recently commented on BW. B. Riley reissued a buy rating on shares of Babcock & Wilcox Enterprises in a research note on Tuesday, March 8th. Zacks Investment Research cut Babcock & Wilcox Enterprises from a hold rating to a sell rating in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $10.67.

Shares of BW opened at $6.33 on Friday. The stock has a fifty day moving average price of $7.82 and a two-hundred day moving average price of $8.05. The company has a debt-to-equity ratio of 8.19, a quick ratio of 1.98 and a current ratio of 1.70. Babcock & Wilcox Enterprises has a 52-week low of $5.19 and a 52-week high of $10.37. The company has a market cap of $546.53 million, a price-to-earnings ratio of 21.83 and a beta of 2.49.

Babcock & Wilcox Enterprises (NYSE:BWGet Rating) last issued its quarterly earnings data on Monday, May 9th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.06). Babcock & Wilcox Enterprises had a net margin of 5.01% and a return on equity of 152.18%. The business had revenue of $204.00 million during the quarter, compared to the consensus estimate of $193.80 million. During the same quarter in the previous year, the firm posted ($0.22) EPS. As a group, research analysts predict that Babcock & Wilcox Enterprises will post 0.29 EPS for the current fiscal year.

In related news, CEO Kenneth M. Young acquired 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 10th. The stock was acquired at an average cost of $7.82 per share, with a total value of $156,400.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director B. Riley Financial, Inc. bought 200,000 shares of the firm’s stock in a transaction on Thursday, May 12th. The stock was acquired at an average cost of $5.71 per share, with a total value of $1,142,000.00. Following the completion of the purchase, the director now owns 11,531,099 shares of the company’s stock, valued at approximately $65,842,575.29. The disclosure for this purchase can be found here. Insiders bought a total of 232,500 shares of company stock valued at $1,395,375 over the last three months. Insiders own 2.60% of the company’s stock.

Large investors have recently bought and sold shares of the business. Royal Bank of Canada grew its stake in Babcock & Wilcox Enterprises by 33,068.8% in the second quarter. Royal Bank of Canada now owns 5,307 shares of the technology company’s stock valued at $42,000 after acquiring an additional 5,291 shares during the period. Citigroup Inc. lifted its holdings in shares of Babcock & Wilcox Enterprises by 200.8% in the third quarter. Citigroup Inc. now owns 7,948 shares of the technology company’s stock valued at $51,000 after purchasing an additional 5,306 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of Babcock & Wilcox Enterprises in the third quarter valued at about $73,000. XTX Topco Ltd bought a new stake in shares of Babcock & Wilcox Enterprises in the first quarter valued at about $82,000. Finally, Metropolitan Life Insurance Co NY lifted its holdings in shares of Babcock & Wilcox Enterprises by 56.5% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 9,561 shares of the technology company’s stock valued at $86,000 after purchasing an additional 3,452 shares in the last quarter. 81.86% of the stock is owned by hedge funds and other institutional investors.

Babcock & Wilcox Enterprises Company Profile (Get Rating)

Babcock & Wilcox Enterprises, Inc, together with its subsidiaries, provides energy and emissions control solutions to a range of industrial, electrical utility, municipal, and other customers worldwide. It operates through three segments: Babcock & Wilcox Renewable; Babcock & Wilcox Environmental; and Babcock & Wilcox Thermal.

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