Tower Research Capital LLC TRC Has $27,000 Stock Position in Babcock & Wilcox Enterprises, Inc. (NYSE:BW)

Tower Research Capital LLC TRC boosted its position in Babcock & Wilcox Enterprises, Inc. (NYSE:BW) by 662.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 18,403 shares of the technology company’s stock after acquiring an additional 15,990 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Babcock & Wilcox Enterprises were worth $27,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Babcock & Wilcox Enterprises during the third quarter valued at about $130,000. Olympiad Research LP acquired a new position in shares of Babcock & Wilcox Enterprises during the 3rd quarter worth about $104,000. Los Angeles Capital Management LLC bought a new stake in Babcock & Wilcox Enterprises during the 3rd quarter valued at approximately $1,449,000. Assenagon Asset Management S.A. acquired a new stake in Babcock & Wilcox Enterprises in the 3rd quarter valued at approximately $2,486,000. Finally, Foundry Partners LLC increased its position in Babcock & Wilcox Enterprises by 12.1% during the third quarter. Foundry Partners LLC now owns 311,566 shares of the technology company’s stock worth $1,312,000 after acquiring an additional 33,545 shares during the period. Institutional investors own 83.17% of the company’s stock.

Wall Street Analyst Weigh In

BW has been the subject of a number of research reports. Lake Street Capital decreased their price target on shares of Babcock & Wilcox Enterprises from $11.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. DA Davidson reduced their target price on shares of Babcock & Wilcox Enterprises from $4.00 to $3.50 and set a “buy” rating for the company in a research note on Tuesday, March 19th. Finally, StockNews.com upgraded Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a research note on Friday, April 12th.

Babcock & Wilcox Enterprises Stock Performance

Shares of BW stock traded up $0.02 during mid-day trading on Friday, reaching $1.08. The company’s stock had a trading volume of 482,464 shares, compared to its average volume of 1,182,216. The firm’s 50-day moving average is $1.13 and its two-hundred day moving average is $1.45. Babcock & Wilcox Enterprises, Inc. has a 1-year low of $0.75 and a 1-year high of $6.64. The company has a market cap of $96.64 million, a P/E ratio of -0.46 and a beta of 1.41.

Babcock & Wilcox Enterprises (NYSE:BW) last posted its quarterly earnings results on Thursday, March 14th. The technology company reported ($0.22) earnings per share (EPS) for the quarter. The company had revenue of $227.20 million for the quarter, compared to analysts’ expectations of $255.20 million. Sell-side analysts anticipate that Babcock & Wilcox Enterprises, Inc. will post 0.35 EPS for the current year.

Insider Buying and Selling

In other news, CEO Kenneth M. Young bought 29,229 shares of Babcock & Wilcox Enterprises stock in a transaction dated Wednesday, March 20th. The shares were bought at an average price of $1.03 per share, for a total transaction of $30,105.87. Following the purchase, the chief executive officer now owns 241,745 shares of the company’s stock, valued at $248,997.35. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased 59,229 shares of company stock worth $62,006 in the last 90 days. 4.26% of the stock is owned by company insiders.

About Babcock & Wilcox Enterprises

Babcock & Wilcox Enterprises, Inc, together with its subsidiaries, provides energy and emissions control solutions to industrial, electrical utility, municipal, and other customers worldwide. The company operates through three segments: Babcock & Wilcox Renewable; Babcock & Wilcox Environmental; and Babcock & Wilcox Thermal.