Babcock (NYSE:BW)’s share price gapped down before the market opened on Monday . The stock had previously closed at $3.91, but opened at $3.81. Babcock shares last traded at $3.72, with a volume of 2,963,243 shares traded.

Several equities analysts have issued reports on BW shares. Credit Suisse Group dropped their target price on Babcock from $10.00 to $3.70 and set an “underperform” rating on the stock in a research report on Friday, August 11th. BidaskClub cut Babcock from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. UBS AG cut Babcock from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $13.00 to $3.00 in a report on Monday, August 14th. KeyCorp restated a “hold” rating on shares of Babcock in a report on Friday, September 22nd. Finally, Zacks Investment Research cut Babcock from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Three investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $7.18.

The stock’s market cap is $185.26 million. The firm has a 50 day moving average price of $3.44 and a 200-day moving average price of $3.44.

Babcock (NYSE:BW) last posted its quarterly earnings data on Wednesday, August 9th. The technology company reported ($2.63) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($2.68). Babcock had a negative net margin of 14.41% and a negative return on equity of 35.95%. The company had revenue of $349.80 million for the quarter, compared to analyst estimates of $434.34 million. During the same quarter in the prior year, the business earned ($0.20) EPS. Babcock’s revenue was down 8.7% compared to the same quarter last year. On average, equities analysts expect that Babcock will post ($2.51) earnings per share for the current year.

In related news, major shareholder Vintage Capital Management Llc acquired 1,686,945 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were acquired at an average price of $3.10 per share, for a total transaction of $5,229,529.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of BW. First Trust Advisors LP acquired a new position in Babcock in the first quarter worth approximately $187,000. US Bancorp DE grew its position in Babcock by 77.2% in the first quarter. US Bancorp DE now owns 11,671 shares of the technology company’s stock worth $109,000 after buying an additional 5,083 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in Babcock by 60.2% in the first quarter. UBS Asset Management Americas Inc. now owns 18,098 shares of the technology company’s stock worth $169,000 after buying an additional 6,800 shares during the last quarter. Karp Capital Management Corp acquired a new position in Babcock in the first quarter worth approximately $169,000. Finally, Prudential Financial Inc. grew its position in Babcock by 8.5% in the first quarter. Prudential Financial Inc. now owns 316,607 shares of the technology company’s stock worth $2,957,000 after buying an additional 24,841 shares during the last quarter. Hedge funds and other institutional investors own 93.92% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Babcock (BW) Shares Gap Down to $3.81” was reported by Watch List News and is the property of of Watch List News. If you are accessing this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The original version of this article can be accessed at https://www.watchlistnews.com/babcock-bw-shares-gap-down-to-3-81/1623290.html.

Babcock Company Profile

Babcock & Wilcox Enterprises, Inc is a technology-based provider of fossil and renewable power generation and environmental equipment that includes a suite of boiler products and environmental systems, and services for power and industrial uses. The Company operates in three segments: Power, Renewable and Industrial.

Receive News & Ratings for Babcock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Babcock and related companies with Analyst Ratings Network's FREE daily email newsletter.