Babcock Target of Unusually High Options Trading (NYSE:BW)

Babcock (NYSE:BW) was the target of some unusual options trading on Friday. Investors purchased 4,745 call options on the company. This represents an increase of approximately 70% compared to the typical volume of 2,788 call options.

Insider Transactions at Babcock

In other Babcock news, major shareholder Brc Group Holdings, Inc. sold 1,155,382 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $9.00, for a total value of $10,398,438.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Huntington National Bank grew its holdings in shares of Babcock by 400,000.0% in the fourth quarter. Huntington National Bank now owns 4,001 shares of the technology company’s stock valued at $25,000 after purchasing an additional 4,000 shares in the last quarter. Centiva Capital LP purchased a new stake in shares of Babcock during the 3rd quarter valued at about $31,000. Raymond James Financial Inc. raised its position in shares of Babcock by 11,311.3% during the 3rd quarter. Raymond James Financial Inc. now owns 12,096 shares of the technology company’s stock valued at $35,000 after buying an additional 11,990 shares in the last quarter. Sender Co & Partners Inc. bought a new position in shares of Babcock in the 3rd quarter valued at about $50,000. Finally, Platform Technology Partners purchased a new position in Babcock in the third quarter worth about $54,000. 83.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BW has been the subject of a number of recent analyst reports. Northland Securities initiated coverage on Babcock in a research report on Thursday, January 22nd. They issued an “outperform” rating and a $10.00 target price for the company. Zacks Research upgraded shares of Babcock to a “hold” rating in a research note on Friday, January 23rd. Wall Street Zen raised shares of Babcock from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. DA Davidson increased their price objective on shares of Babcock from $1.50 to $6.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Babcock in a report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Babcock currently has a consensus rating of “Hold” and a consensus target price of $8.00.

Babcock Trading Down 2.0%

NYSE BW opened at $13.02 on Friday. Babcock has a 12 month low of $0.22 and a 12 month high of $14.59. The stock’s 50 day moving average is $8.90 and its 200 day moving average is $5.77. The stock has a market cap of $1.45 billion, a PE ratio of -24.11 and a beta of 1.54.

Babcock (NYSE:BW) last released its earnings results on Wednesday, March 4th. The technology company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The firm had revenue of $161.00 million for the quarter, compared to analysts’ expectations of $179.10 million.

Babcock Company Profile

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.