Babcock (NYSE:BW)’s share price was down 5.8% on Tuesday . The company traded as low as $4.46 and last traded at $4.57. Approximately 2,067,117 shares changed hands during trading, an increase of 40% from the average daily volume of 1,474,969 shares. The stock had previously closed at $4.85.

BW has been the topic of a number of analyst reports. KeyCorp reaffirmed a “hold” rating on shares of Babcock in a research note on Friday, September 22nd. UBS downgraded shares of Babcock from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $13.00 to $3.00 in a research note on Monday, August 14th. BidaskClub downgraded shares of Babcock from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Zacks Investment Research downgraded shares of Babcock from a “hold” rating to a “strong sell” rating in a research note on Monday, August 14th. Finally, Credit Suisse Group reduced their target price on shares of Babcock from $10.00 to $3.70 and set an “underperform” rating on the stock in a research note on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Babcock has a consensus rating of “Hold” and a consensus target price of $7.18.

The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 0.67.

Babcock (NYSE:BW) last issued its earnings results on Wednesday, November 8th. The technology company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.25). Babcock had a negative return on equity of 50.88% and a negative net margin of 22.48%. The firm had revenue of $408.70 million for the quarter, compared to analysts’ expectations of $413.41 million. During the same period last year, the firm earned $0.24 earnings per share. Babcock’s revenue for the quarter was down .6% on a year-over-year basis. research analysts anticipate that Babcock will post -3.07 EPS for the current year.

In other news, major shareholder Vintage Capital Management Llc acquired 1,686,945 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were bought at an average price of $3.10 per share, for a total transaction of $5,229,529.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.50% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its position in Babcock by 30.9% in the second quarter. Public Employees Retirement System of Ohio now owns 9,330 shares of the technology company’s stock worth $110,000 after acquiring an additional 2,200 shares in the last quarter. Sei Investments Co. lifted its holdings in Babcock by 34.1% in the 2nd quarter. Sei Investments Co. now owns 11,570 shares of the technology company’s stock worth $136,000 after purchasing an additional 2,940 shares during the last quarter. ETRADE Capital Management LLC lifted its holdings in Babcock by 0.7% in the 2nd quarter. ETRADE Capital Management LLC now owns 13,288 shares of the technology company’s stock worth $156,000 after purchasing an additional 95 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in Babcock in the 2nd quarter worth approximately $174,000. Finally, US Bancorp DE lifted its holdings in Babcock by 31.3% in the 2nd quarter. US Bancorp DE now owns 15,327 shares of the technology company’s stock worth $180,000 after purchasing an additional 3,656 shares during the last quarter. Institutional investors own 64.60% of the company’s stock.

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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.

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