Babcock (BW) – What Are Brokerages Thinking About This Stock?

Babcock (NYSE:BW) has been given an average rating of “Hold” by the seven ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $15.40.

Several analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Babcock from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Wall Street Zen cut Babcock from a “buy” rating to a “hold” rating in a research note on Sunday, August 23rd. Finally, Needham & Company LLC began coverage on Babcock in a research report on Monday, August 31st. They set a “buy” rating and a $20.00 price target on the stock.

Insider Buying and Selling

In other news, Director Philip Moeller bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were bought at an average cost of $9.50 per share, with a total value of $47,500.00. Following the completion of the purchase, the director directly owned 240,809 shares in the company, valued at $2,287,685.50. This represents a 2.12% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 2.80% of the stock is owned by company insiders.

Institutional Trading of Babcock

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BW. Kieckhefer Group LLC bought a new position in Babcock in the third quarter worth about $2,298,000. Situational Awareness LP increased its stake in shares of Babcock by 49.7% in the 2nd quarter. Situational Awareness LP now owns 2,027,451 shares of the technology company’s stock worth $28,587,000 after acquiring an additional 673,551 shares in the last quarter. Cooper Creek Partners Management LLC bought a new position in shares of Babcock in the 1st quarter worth about $15,205,000. Wellington Management Group LLP purchased a new position in Babcock during the 2nd quarter valued at about $18,260,000. Finally, Alyeska Investment Group L.P. purchased a new position in Babcock during the 2nd quarter valued at about $8,636,000. Hedge funds and other institutional investors own 83.17% of the company’s stock.

Babcock Trading Down 1.8%

Shares of BW stock opened at $4.14 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.45 and a debt-to-equity ratio of 4.21. The company has a 50 day moving average of $6.57 and a 200-day moving average of $11.86. Babcock has a 12-month low of $3.12 and a 12-month high of $22.03. The firm has a market cap of $617.46 million, a P/E ratio of -23.03 and a beta of 1.17.

Babcock (NYSE:BW) last issued its earnings results on Monday, August 10th. The technology company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $319.72 million during the quarter, compared to analyst estimates of $196.95 million. Babcock had a negative net margin of 2.17% and a negative return on equity of 4.51%. Sell-side analysts anticipate that Babcock will post 0.27 earnings per share for the current year.

Babcock Company Profile

Babcock & Wilcox Enterprises, Inc is an energy and environmental technology company that provides equipment, systems and services for power generation, industrial operations and waste management. Its offerings include steam-generating technologies, boilers, emissions-control systems, construction and maintenance services, and related engineering support.

The company also develops technologies for renewable energy and waste conversion, including solutions designed to transform waste and biomass into useful heat and power.