Dimensional Fund Advisors LP Buys New Stake in Babcock & Wilcox Enterprises, Inc. (NYSE:BW)

Dimensional Fund Advisors LP purchased a new stake in shares of Babcock & Wilcox Enterprises, Inc. (NYSE:BW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 34,739 shares of the technology company’s stock, valued at approximately $57,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BW. Marshall Wace LLP increased its position in Babcock & Wilcox Enterprises by 809.8% during the fourth quarter. Marshall Wace LLP now owns 484,903 shares of the technology company’s stock worth $795,000 after purchasing an additional 431,604 shares during the last quarter. Walleye Capital LLC lifted its position in shares of Babcock & Wilcox Enterprises by 390.1% during the 4th quarter. Walleye Capital LLC now owns 281,433 shares of the technology company’s stock worth $462,000 after buying an additional 224,009 shares during the last quarter. Barclays PLC raised its position in Babcock & Wilcox Enterprises by 195.7% in the 4th quarter. Barclays PLC now owns 95,539 shares of the technology company’s stock valued at $156,000 after purchasing an additional 63,228 shares during the last quarter. Brightline Capital Management LLC purchased a new stake in Babcock & Wilcox Enterprises in the 4th quarter valued at $2,476,000. Finally, Raymond James Financial Inc. acquired a new position in Babcock & Wilcox Enterprises in the 4th quarter valued at $46,000. Institutional investors and hedge funds own 83.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Lake Street Capital decreased their price objective on shares of Babcock & Wilcox Enterprises from $8.00 to $5.00 and set a “buy” rating on the stock in a research report on Tuesday, April 1st. DA Davidson downgraded shares of Babcock & Wilcox Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 7th. Finally, StockNews.com began coverage on shares of Babcock & Wilcox Enterprises in a research report on Monday, May 12th. They set a “sell” rating for the company.

Babcock & Wilcox Enterprises Stock Performance

BW stock opened at $0.80 on Monday. The stock has a market capitalization of $78.53 million, a price-to-earnings ratio of -0.96 and a beta of 1.76. Babcock & Wilcox Enterprises, Inc. has a 1 year low of $0.22 and a 1 year high of $2.99. The stock’s fifty day moving average is $0.56 and its two-hundred day moving average is $1.26.

Babcock & Wilcox Enterprises (NYSE:BW) last posted its earnings results on Monday, March 31st. The technology company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.42). The business had revenue of $200.80 million during the quarter, compared to the consensus estimate of $213.07 million.

Babcock & Wilcox Enterprises Profile

Babcock & Wilcox Enterprises, Inc engages in the provision of fossil and renewable power generation and environmental equipment. It operates through the following segments: B&W Renewable, B&W Environmental, and B&W Thermal. The B&W Renewable segment supports a circular economy, diverting waste from landfills to use for power generation and replacing fossil fuels, while recovering metals and reducing emissions.