StockNews.com Downgrades Babcock & Wilcox Enterprises (NYSE:BW) to Sell

Babcock & Wilcox Enterprises (NYSE:BW) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

BW has been the topic of a number of other reports. DA Davidson decreased their target price on Babcock & Wilcox Enterprises from $4.00 to $3.50 and set a “buy” rating on the stock in a report on Tuesday, March 19th. 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 note on Thursday, April 11th.

Babcock & Wilcox Enterprises Trading Down 2.6 %

Shares of BW traded down $0.03 during midday trading on Tuesday, reaching $1.14. The stock had a trading volume of 1,153,288 shares, compared to its average volume of 1,450,682. The firm has a market cap of $102.01 million, a PE ratio of -0.48 and a beta of 1.41. The firm has a 50 day simple moving average of $1.13 and a 200-day simple moving average of $1.41. Babcock & Wilcox Enterprises has a one year low of $0.75 and a one year high of $6.64.

Babcock & Wilcox Enterprises (NYSE:BW) last posted its quarterly earnings results on Thursday, March 14th. The technology company reported ($0.22) EPS for the quarter. The company had revenue of $227.20 million during the quarter, compared to analyst estimates of $255.20 million. As a group, research analysts forecast that Babcock & Wilcox Enterprises will post 0.35 EPS for the current fiscal year.

Insider Buying and Selling at Babcock & Wilcox Enterprises

In related news, CEO Kenneth M. Young purchased 29,229 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was acquired at an average cost of $1.03 per share, for a total transaction of $30,105.87. Following the completion of the purchase, the chief executive officer now owns 241,745 shares in the company, valued at approximately $248,997.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired 59,229 shares of company stock valued at $62,006 in the last quarter. Company insiders own 4.26% of the company’s stock.

Institutional Investors Weigh In On Babcock & Wilcox Enterprises

Institutional investors and hedge funds have recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its holdings in shares of Babcock & Wilcox Enterprises by 225.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,924,748 shares of the technology company’s stock worth $2,810,000 after acquiring an additional 1,334,240 shares during the period. Russell Investments Group Ltd. lifted its stake in Babcock & Wilcox Enterprises by 1,398,050.0% during the fourth quarter. Russell Investments Group Ltd. now owns 671,112 shares of the technology company’s stock worth $980,000 after purchasing an additional 671,064 shares during the last quarter. Gendell Jeffrey L boosted its holdings in shares of Babcock & Wilcox Enterprises by 728.5% in the 3rd quarter. Gendell Jeffrey L now owns 579,937 shares of the technology company’s stock valued at $2,442,000 after purchasing an additional 509,937 shares in the last quarter. CastleKnight Management LP acquired a new position in shares of Babcock & Wilcox Enterprises during the 4th quarter worth $744,000. Finally, Los Angeles Capital Management LLC lifted its position in shares of Babcock & Wilcox Enterprises by 116.9% during the 4th quarter. Los Angeles Capital Management LLC now owns 746,421 shares of the technology company’s stock worth $1,090,000 after buying an additional 402,350 shares during the last quarter. Institutional investors own 83.17% of the company’s stock.

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.