Babcock (NYSE:BW) – Stock analysts at KeyCorp issued their FY2019 EPS estimates for Babcock in a research note issued on Sunday. KeyCorp analyst T. Afzal forecasts that the technology company will post earnings of $1.17 per share for the year. KeyCorp currently has a “Hold” rating on the stock.

BW has been the topic of a number of other research reports. Zacks Investment Research upgraded Babcock from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Monday, July 3rd. BidaskClub cut shares of Babcock from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Credit Suisse Group lowered their price objective on shares of Babcock from $10.00 to $3.70 and set an “underperform” rating on the stock in a research report on Friday, August 11th. Finally, UBS AG lowered shares of Babcock from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $13.00 to $3.00 in a research note on Monday, August 14th. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Babcock has an average rating of “Hold” and an average target price of $7.18.

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Babcock (NYSE:BW) traded down 6.05% during mid-day trading on Tuesday, hitting $3.57. The stock had a trading volume of 3,851,314 shares. Babcock has a one year low of $2.51 and a one year high of $17.72. The firm’s 50-day moving average is $3.36 and its 200 day moving average is $3.36. The stock’s market cap is $174.50 million.

Babcock (NYSE:BW) last announced its quarterly earnings results on Wednesday, August 9th. The technology company reported ($2.63) earnings per share 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 during the quarter, compared to analyst estimates of $434.34 million. During the same quarter last year, the business earned ($0.20) EPS. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year.

In other news, major shareholder Vintage Capital Management Llc purchased 1,686,945 shares of Babcock stock in a transaction dated Thursday, September 14th. The stock was acquired at an average cost of $3.10 per share, for a total transaction of $5,229,529.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.50% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of the stock. Fondren Management LP bought a new stake in Babcock in the second quarter worth $647,000. Public Employees Retirement System of Ohio raised its holdings in Babcock by 30.9% during the second quarter. Public Employees Retirement System of Ohio now owns 9,330 shares of the technology company’s stock valued at $110,000 after buying an additional 2,200 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Babcock by 7.6% during the second quarter. The Manufacturers Life Insurance Company now owns 39,060 shares of the technology company’s stock valued at $459,000 after buying an additional 2,756 shares in the last quarter. State Street Corp raised its holdings in Babcock by 6.6% during the second quarter. State Street Corp now owns 941,018 shares of the technology company’s stock valued at $11,065,000 after buying an additional 58,650 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new position in Babcock during the second quarter valued at about $340,000. Hedge funds and other institutional investors own 93.92% of the company’s stock.

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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