Babcock (NYSE:BW) Given Average Recommendation of “Hold” by Analysts

Shares of Babcock (NYSE:BW) have earned a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $11.00.

A number of analysts have recently weighed in on the stock. Northland Securities assumed coverage on shares of Babcock in a research note on Thursday, January 22nd. They issued an “outperform” rating and a $10.00 price target for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Babcock in a research note on Wednesday, January 21st. Zacks Research raised shares of Babcock to a “hold” rating in a research note on Friday, January 23rd. Craig Hallum reaffirmed a “buy” rating and issued a $19.00 price target on shares of Babcock in a research note on Tuesday, March 17th. Finally, Wall Street Zen raised shares of Babcock from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st.

Insider Activity at Babcock

In related news, major shareholder Brc Group Holdings, Inc. sold 1,155,382 shares of the stock in a transaction that occurred 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 can be accessed through this link. Also, CEO Kenneth M. Young bought 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The shares were acquired at an average cost of $15.14 per share, with a total value of $105,980.00. Following the completion of the purchase, the chief executive officer owned 1,656,512 shares of the company’s stock, valued at approximately $25,079,591.68. The trade was a 0.42% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.90% of the stock is owned by corporate insiders.

Institutional Trading of Babcock

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citizens Financial Group Inc. RI acquired a new stake in Babcock during the third quarter valued at approximately $1,160,000. Thames Capital Management LLC acquired a new stake in Babcock during the third quarter valued at approximately $4,033,000. AMH Equity Ltd acquired a new stake in Babcock during the third quarter valued at approximately $2,042,000. Bastion Asset Management Inc. acquired a new stake in Babcock during the third quarter valued at approximately $450,000. Finally, Palumbo Wealth Management LLC acquired a new stake in Babcock during the third quarter valued at approximately $625,000. 83.17% of the stock is owned by institutional investors and hedge funds.

Babcock Trading Up 6.7%

Shares of NYSE:BW opened at $16.78 on Tuesday. The company has a 50 day moving average of $11.75 and a 200-day moving average of $7.62. The firm has a market cap of $2.28 billion, a P/E ratio of -31.06 and a beta of 1.09. Babcock has a twelve month low of $0.22 and a twelve month high of $17.59.

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