Heartland Advisors Inc. Grows Stock Position in Babcock & Wilcox Enterprises, Inc. (NYSE:BW)

Heartland Advisors Inc. increased its position in Babcock & Wilcox Enterprises, Inc. (NYSE:BW) by 4.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,373,500 shares of the technology company’s stock after purchasing an additional 58,800 shares during the quarter. Heartland Advisors Inc.’s holdings in Babcock & Wilcox Enterprises were worth $2,253,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in BW. JPMorgan Chase & Co. boosted its position in Babcock & Wilcox Enterprises by 561.4% in the 4th quarter. JPMorgan Chase & Co. now owns 404,821 shares of the technology company’s stock valued at $664,000 after buying an additional 343,613 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Babcock & Wilcox Enterprises during the fourth quarter worth approximately $136,000. Raymond James Financial Inc. acquired a new stake in Babcock & Wilcox Enterprises in the fourth quarter valued at $46,000. Charles Schwab Investment Management Inc. bought a new position in Babcock & Wilcox Enterprises during the 4th quarter valued at $84,000. Finally, Thompson Davis & CO. Inc. grew its holdings in Babcock & Wilcox Enterprises by 50.0% during the 4th quarter. Thompson Davis & CO. Inc. now owns 30,000 shares of the technology company’s stock worth $49,000 after acquiring an additional 10,000 shares in the last quarter. 83.17% of the stock is owned by institutional investors and hedge funds.

Babcock & Wilcox Enterprises Price Performance

Shares of NYSE BW opened at $0.71 on Friday. The firm has a market capitalization of $67.15 million, a PE ratio of -0.86 and a beta of 1.84. Babcock & Wilcox Enterprises, Inc. has a 1-year low of $0.68 and a 1-year high of $2.99. The business’s fifty day moving average price is $1.17 and its two-hundred day moving average price is $1.67.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a research report on Thursday, March 20th.

Babcock & Wilcox Enterprises Company Profile

Babcock & Wilcox Enterprises, Inc engages in the provision of fossil and renewable power generation and environmental equipment. It operates through the following segments: B&W Renewable, B&W Environmental, and B&W Thermal. The B&W Renewable segment supports a circular economy, diverting waste from landfills to use for power generation and replacing fossil fuels, while recovering metals and reducing emissions.