Henry E. Bartoli Purchases 10,000 Shares of Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Stock

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) 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) 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

Institutional investors and hedge funds have recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Babcock & Wilcox Enterprises by 71.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 414,937 shares of the technology company’s stock worth $1,747,000 after acquiring an additional 172,350 shares during the period. Tudor Investment Corp Et Al boosted its holdings in shares of Babcock & Wilcox Enterprises by 188.1% in the third quarter. Tudor Investment Corp Et Al now owns 222,442 shares of the technology company’s stock worth $936,000 after acquiring an additional 145,237 shares during the period. GSA Capital Partners LLP boosted its holdings in shares of Babcock & Wilcox Enterprises by 543.8% in the third quarter. GSA Capital Partners LLP now owns 180,951 shares of the technology company’s stock worth $762,000 after acquiring an additional 152,843 shares during the period. Legal & General Group Plc boosted its holdings in shares of Babcock & Wilcox Enterprises by 34.3% in the third quarter. Legal & General Group Plc now owns 939,712 shares of the technology company’s stock worth $3,965,000 after acquiring an additional 240,026 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of Babcock & Wilcox Enterprises by 759.5% in the third quarter. AQR Capital Management LLC now owns 245,821 shares of the technology company’s stock worth $1,035,000 after acquiring an additional 217,222 shares during the period. 85.81% of the stock is owned by institutional investors.

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.