Babcock $BW Shares Bought by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. grew its position in Babcock (NYSE:BW) by 221.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 96,550 shares of the technology company’s stock after purchasing an additional 66,550 shares during the period. Thompson Davis & CO. Inc. owned approximately 0.10% of Babcock worth $280,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Citizens Financial Group Inc. RI purchased a new position in Babcock during the 3rd quarter worth approximately $1,160,000. AMH Equity Ltd acquired a new stake in shares of Babcock in the third quarter worth $2,042,000. Thames Capital Management LLC purchased a new position in shares of Babcock during the third quarter worth $4,033,000. Gendell Jeffrey L lifted its position in Babcock by 49.2% during the second quarter. Gendell Jeffrey L now owns 2,574,848 shares of the technology company’s stock valued at $2,477,000 after purchasing an additional 849,602 shares during the period. Finally, Covestor Ltd purchased a new stake in Babcock in the third quarter valued at $406,000. Institutional investors and hedge funds own 83.17% of the company’s stock.

Babcock Stock Up 11.6%

BW opened at $9.51 on Friday. The firm’s fifty day simple moving average is $7.25 and its two-hundred day simple moving average is $4.58. Babcock has a 52-week low of $0.22 and a 52-week high of $11.57. The company has a market cap of $1.06 billion, a price-to-earnings ratio of -7.32 and a beta of 1.55.

Babcock (NYSE:BW) last released its earnings results on Tuesday, November 4th. The technology company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.04. The company had revenue of $149.00 million for the quarter, compared to analysts’ expectations of $155.57 million.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BW shares. Wall Street Zen raised Babcock from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Lake Street Capital reissued a “buy” rating and issued a $9.00 price target on shares of Babcock in a report on Wednesday, November 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Babcock in a research note on Wednesday, January 21st. Northland Securities began coverage on shares of Babcock in a report on Thursday, January 22nd. They set an “outperform” rating and a $10.00 target price for the company. Finally, Zacks Research upgraded shares of Babcock to a “hold” rating in a research report on Friday, January 23rd. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Babcock has a consensus rating of “Hold” and an average price target of $8.00.

Babcock 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.