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

Shares of Babcock (NYSE:BW) have earned a consensus rating of “Hold” from the six research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $8.00.

A number of equities analysts recently commented on the stock. Northland Securities started coverage on shares of Babcock in a research report on Thursday, January 22nd. They issued an “outperform” rating and a $10.00 target price on the stock. Craig Hallum upgraded Babcock from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a report on Wednesday, November 5th. DA Davidson boosted their target price on Babcock from $1.50 to $6.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Babcock in a research report on Wednesday, January 21st. Finally, Lake Street Capital reaffirmed a “buy” rating and issued a $9.00 price target on shares of Babcock in a research note on Wednesday, November 5th.

Insider Activity at Babcock

In related news, major shareholder Brc Group Holdings, Inc. sold 1,155,382 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $9.00, for a total transaction of $10,398,438.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.90% of the stock is currently owned by insiders.

Institutional Trading of Babcock

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BW. Huntington National Bank boosted its holdings in shares of Babcock by 400,000.0% during the 4th quarter. Huntington National Bank now owns 4,001 shares of the technology company’s stock valued at $25,000 after buying an additional 4,000 shares in the last quarter. Centiva Capital LP bought a new stake in Babcock during the third quarter worth about $31,000. Raymond James Financial Inc. boosted its stake in Babcock by 11,311.3% during the third quarter. Raymond James Financial Inc. now owns 12,096 shares of the technology company’s stock worth $35,000 after acquiring an additional 11,990 shares in the last quarter. Sender Co & Partners Inc. purchased a new stake in Babcock in the third quarter worth about $50,000. Finally, Platform Technology Partners bought a new position in shares of Babcock during the third quarter valued at approximately $54,000. Hedge funds and other institutional investors own 83.17% of the company’s stock.

Babcock Stock Performance

BW stock opened at $9.74 on Monday. Babcock has a one year low of $0.22 and a one year high of $11.57. The company has a market capitalization of $1.08 billion, a PE ratio of -7.49 and a beta of 1.55. The company’s 50 day moving average price is $7.59 and its two-hundred day moving average price is $4.94.

About Babcock

Babcock & Wilcox Enterprises, Inc (NYSE: BW) is a specialized provider of energy and environmental technologies and services serving power generation and heavy industrial markets. The company designs, manufactures and maintains critical components and systems that support the safe and efficient operation of both fossil-fuel and renewable power facilities. Its core offerings include industrial and utility boilers, environmental control systems for emissions reduction, and aftermarket support services ranging from inspection and maintenance to spare parts management.

In addition to its boiler and emissions control portfolio, Babcock & Wilcox Enterprises delivers lifecycle solutions aimed at enhancing plant performance and compliance.