Babcock (NYSE:BW) Director Philip Moeller Acquires 3,000 Shares of Company Stock

Babcock (NYSE:BW) Director Philip Moeller acquired 3,000 shares of the company’s stock in a transaction that occurred on Thursday, November 12th. The shares were bought at an average price of $4.65 per share, with a total value of $13,950.00. Following the transaction, the director owned 243,809 shares in the company, valued at $1,133,711.85. This represents a 1.25% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Babcock Price Performance

BW stock traded down $0.32 during trading on Friday, hitting $4.54. The stock had a trading volume of 5,551,927 shares, compared to its average volume of 4,361,098. The stock has a market cap of $661.07 million, a price-to-earnings ratio of -9.88 and a beta of 1.24. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.33 and a current ratio of 1.79. The company’s 50 day moving average price is $5.51 and its two-hundred day moving average price is $11.22. Babcock has a 1-year low of $3.07 and a 1-year high of $22.03.

Babcock (NYSE:BW) last released its quarterly earnings results on Monday, August 10th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. The company had revenue of $319.72 million for the quarter, compared to analysts’ expectations of $196.95 million. Babcock had a net margin of 4.11% and a negative return on equity of 36.52%. On average, sell-side analysts forecast that Babcock will post 0.79 EPS for the current fiscal year.

Trending Headlines about Babcock

Investors following BW have been watching these headlines:

• Positive Sentiment: CEO Kenneth Young bought 10,000 shares for about $43,500, increasing his direct holdings by 0.59%. Executive buying can signal confidence in the company. SEC filing
• Negative Sentiment: Recent coverage points to reductions in analyst earnings estimates and fair-value assessments, which may weigh on sentiment. The reports provided do not specify the size of the latest cuts. Earnings estimates report Fair value and analyst target report
• Negative Sentiment: Pomerantz issued an investor alert related to a class-action lawsuit, adding legal uncertainty. The alert is not a finding of wrongdoing. Investor alert

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BW shares. Weiss Ratings restated a “sell (d+)” rating on shares of Babcock in a research report on Wednesday, November 4th. Needham & Company LLC cut their price target on Babcock from $20.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Wall Street Zen lowered Babcock from a “buy” rating to a “hold” rating in a research note on Sunday, August 23rd. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Babcock currently has an average rating of “Hold” and a consensus target price of $19.00.

Hedge Funds Weigh In On Babcock

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Royce & Associates LP raised its stake in Babcock by 13.1% during the third quarter. Royce & Associates LP now owns 851,866 shares of the technology company’s stock worth $4,975,000 after purchasing an additional 98,686 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Babcock by 80.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 66,380 shares of the technology company’s stock valued at $388,000 after buying an additional 29,564 shares during the period. Pier 88 Investment Partners LLC increased its holdings in shares of Babcock by 59.9% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 23,500 shares of the technology company’s stock worth $137,000 after buying an additional 8,800 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of Babcock by 28.3% during the 3rd quarter. Pictet Asset Management Holding SA now owns 20,687 shares of the technology company’s stock worth $121,000 after buying an additional 4,558 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its holdings in shares of Babcock by 64.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 24,202 shares of the technology company’s stock worth $100,000 after buying an additional 9,448 shares during the last quarter. Institutional investors and hedge funds own 83.17% of the company’s stock.

Babcock Company Profile

Babcock & Wilcox Enterprises, Inc. is an energy and environmental technology company serving power, industrial and municipal customers. Its offerings include steam-generation equipment, emissions-control systems and related engineering, construction, maintenance and aftermarket services. The company also develops technologies for renewable and waste-to-energy applications, including systems that use biomass and municipal solid waste to produce energy. Its environmental technologies help customers manage emissions and other byproducts from energy and industrial processes.