Babcock (NYSE:BW) Receives Average Recommendation of “Hold” from Analysts

Babcock (NYSE:BW) has been assigned a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $15.40.

Several research firms recently commented on BW. Needham & Company LLC started coverage on Babcock in a research report on Monday, August 31st. They issued a “buy” rating and a $20.00 price target for the company. Weiss Ratings upgraded Babcock from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen downgraded Babcock from a “buy” rating to a “hold” rating in a research report on Sunday, August 23rd.

Babcock Stock Performance

NYSE:BW opened at $5.70 on Tuesday. The company has a debt-to-equity ratio of 4.21, a current ratio of 1.45 and a quick ratio of 1.33. Babcock has a 1 year low of $2.74 and a 1 year high of $22.03. The stock’s 50 day simple moving average is $7.89 and its two-hundred day simple moving average is $12.87. The company has a market cap of $848.33 million, a price-to-earnings ratio of -31.64 and a beta of 1.17.

Babcock (NYSE:BW) last issued its quarterly earnings data 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. Babcock had a negative return on equity of 4.51% and a negative net margin of 2.17%.The business had revenue of $319.72 million for the quarter, compared to analysts’ expectations of $196.95 million. As a group, equities analysts anticipate that Babcock will post 0.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Babcock

In related news, Director Philip Moeller purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were bought at an average price of $9.50 per share, for a total transaction of $47,500.00. Following the acquisition, the director owned 240,809 shares of the company’s stock, valued at approximately $2,287,685.50. This represents a 2.12% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.80% of the company’s stock.

Institutional Trading of Babcock

Institutional investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. bought a new stake in shares of Babcock in the 4th quarter worth about $25,000. Huntington National Bank grew its holdings in Babcock by 400,000.0% during the 4th quarter. Huntington National Bank now owns 4,001 shares of the technology company’s stock valued at $25,000 after purchasing an additional 4,000 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Babcock during the 2nd quarter valued at about $25,000. Royal Bank of Canada raised its position in Babcock by 57.3% in the 1st quarter. Royal Bank of Canada now owns 1,785 shares of the technology company’s stock worth $26,000 after purchasing an additional 650 shares during the period. Finally, NewEdge Advisors LLC purchased a new stake in Babcock in the 1st quarter worth about $162,000. 83.17% of the stock is currently owned by institutional investors.

Babcock Company Profile

Babcock & Wilcox Enterprises, Inc (NYSE: BW) is an energy and environmental technology company that provides products and services for power generation, industrial processing and emissions control. Its portfolio includes boilers, steam-generation equipment, thermal technologies, and systems designed to reduce air pollutants and improve energy efficiency.

The company also develops technologies for waste-to-energy, renewable energy, hydrogen production and carbon management. Its solutions are used by utilities, industrial operators, municipal organizations and other customers seeking to generate energy from conventional or alternative fuels while managing environmental impacts.

Babcock & Wilcox traces its roots to the Babcock & Wilcox Company, founded in the 19th century.