Insider Buying: Babcock & Wilcox Enterprises, Inc. (NYSE:BW) CFO Purchases 20,000 Shares of Stock

Babcock & Wilcox Enterprises, Inc. (NYSE:BWGet Rating) CFO Louis Salamone, Jr. purchased 20,000 shares of the company’s stock in a transaction dated Thursday, May 12th. The stock was bought at an average price of $5.41 per share, with a total value of $108,200.00. Following the completion of the transaction, the chief financial officer now directly owns 386,982 shares of the company’s stock, valued at $2,093,572.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Babcock & Wilcox Enterprises stock opened at $6.44 on Monday. The stock’s fifty day moving average is $7.82 and its two-hundred day moving average is $8.05. The stock has a market cap of $556.02 million, a PE ratio of 22.21 and a beta of 2.49. Babcock & Wilcox Enterprises, Inc. has a 1-year low of $5.19 and a 1-year high of $10.37. The company has a debt-to-equity ratio of 8.19, a current ratio of 1.70 and a quick ratio of 1.98.

Babcock & Wilcox Enterprises (NYSE:BWGet Rating) last released its quarterly earnings results on Monday, May 9th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.06). Babcock & Wilcox Enterprises had a return on equity of 152.18% and a net margin of 5.01%. The company had revenue of $204.00 million for the quarter, compared to analysts’ expectations of $193.80 million. During the same period in the prior year, the business earned ($0.22) EPS. On average, research analysts expect that Babcock & Wilcox Enterprises, Inc. will post 0.29 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in BW. Royal Bank of Canada lifted its position in shares of Babcock & Wilcox Enterprises by 33,068.8% during the 2nd 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. raised its position in shares of Babcock & Wilcox Enterprises by 200.8% during the 3rd quarter. Citigroup Inc. now owns 7,948 shares of the technology company’s stock worth $51,000 after purchasing an additional 5,306 shares during the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of Babcock & Wilcox Enterprises during the 3rd quarter worth approximately $73,000. XTX Topco Ltd acquired a new position in shares of Babcock & Wilcox Enterprises during the 1st quarter worth approximately $82,000. Finally, Metropolitan Life Insurance Co NY raised its position in shares of Babcock & Wilcox Enterprises by 56.5% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 9,561 shares of the technology company’s stock worth $86,000 after purchasing an additional 3,452 shares during the last quarter. 81.86% of the stock is currently owned by institutional investors.

Several research analysts recently weighed in on BW shares. StockNews.com lowered Babcock & Wilcox Enterprises from a “hold” rating to a “sell” rating in a research report on Friday. B. Riley restated a “buy” rating on shares of Babcock & Wilcox Enterprises in a research note on Tuesday, March 8th. Finally, Zacks Investment Research cut Babcock & Wilcox Enterprises from a “hold” rating to a “sell” rating in a research note on Wednesday, May 11th. Three analysts have rated the stock with a sell rating and one has given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $10.67.

About Babcock & Wilcox Enterprises (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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