Babcock & Wilcox Enterprises, Inc. (NYSE:BW – Get Free Report) Director Henry E. Bartoli bought 10,000 shares of Babcock & Wilcox Enterprises stock in a transaction dated Thursday, November 16th. The stock was acquired at an average cost of $1.51 per share, with a total value of $15,100.00. Following the completion of the acquisition, the director now owns 278,049 shares of the company’s stock, valued at $419,853.99. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Babcock & Wilcox Enterprises Trading Up 16.3 %
Shares of NYSE BW opened at $1.78 on Friday. The stock has a fifty day simple moving average of $3.17 and a two-hundred day simple moving average of $4.75. Babcock & Wilcox Enterprises, Inc. has a 1-year low of $0.96 and a 1-year high of $6.83. The firm has a market cap of $159.08 million, a price-to-earnings ratio of -1.11 and a beta of 2.09.
Babcock & Wilcox Enterprises (NYSE:BW – Get Free Report) last announced its quarterly earnings data on Thursday, November 9th. The technology company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.27). Babcock & Wilcox Enterprises had a negative net margin of 12.25% and a negative return on equity of 3,839.48%. The firm had revenue of $239.40 million for the quarter, compared to the consensus estimate of $300.00 million. Analysts forecast that Babcock & Wilcox Enterprises, Inc. will post -0.39 EPS for the current year.
Hedge Funds Weigh In On Babcock & Wilcox Enterprises
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on BW. Craig Hallum lowered Babcock & Wilcox Enterprises from a “buy” rating to a “hold” rating and reduced their target price for the company from $10.00 to $2.00 in a report on Friday, November 10th. StockNews.com lowered Babcock & Wilcox Enterprises from a “hold” rating to a “sell” rating in a report on Monday, November 13th.
About Babcock & Wilcox Enterprises
Babcock & Wilcox Enterprises, Inc, together with its subsidiaries, provides energy and emissions control solutions to a range of industrial, electrical utility, municipal, and other customers worldwide. The company operates through three segments: Babcock & Wilcox Renewable; Babcock & Wilcox Environmental; and Babcock & Wilcox Thermal.
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