Covestor Ltd Has $1.11 Million Stock Holdings in Babcock $BW

Covestor Ltd increased its position in Babcock (NYSE:BW) by 25.2% during the fourth quarter, Holdings Channel reports. The firm owned 175,127 shares of the technology company’s stock after buying an additional 35,262 shares during the quarter. Babcock makes up approximately 0.6% of Covestor Ltd’s portfolio, making the stock its 15th largest holding. Covestor Ltd’s holdings in Babcock were worth $1,110,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Centiva Capital LP bought a new position in Babcock during the third quarter worth about $31,000. Raymond James Financial Inc. raised its stake in Babcock by 11,311.3% in the third quarter. Raymond James Financial Inc. now owns 12,096 shares of the technology company’s stock valued at $35,000 after buying an additional 11,990 shares during the period. Sender Co & Partners Inc. acquired a new stake in shares of Babcock in the third quarter valued at approximately $50,000. Pekin Hardy Strauss Inc. acquired a new stake in shares of Babcock in the fourth quarter valued at approximately $111,000. Finally, Platform Technology Partners bought a new position in shares of Babcock during the 3rd quarter worth approximately $54,000. 83.17% of the stock is currently owned by institutional investors and hedge funds.

Babcock Trading Down 2.5%

NYSE:BW opened at $19.65 on Wednesday. The stock has a 50 day simple moving average of $16.08 and a 200 day simple moving average of $10.48. The stock has a market cap of $2.68 billion, a P/E ratio of -22.32 and a beta of 1.08. Babcock has a 1-year low of $0.62 and a 1-year high of $22.03.

Babcock (NYSE:BW) last issued its quarterly earnings data on Monday, May 11th. The technology company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.57). The business had revenue of $214.41 million during the quarter, compared to analysts’ expectations of $149.72 million. As a group, sell-side analysts forecast that Babcock will post 0.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BW. Wall Street Zen cut Babcock from a “buy” rating to a “hold” rating in a research note on Saturday. Craig Hallum reaffirmed a “buy” rating and set a $19.00 price objective on shares of Babcock in a research report on Tuesday, March 17th. Zacks Research upgraded shares of Babcock to a “hold” rating in a report on Friday, January 23rd. Northland Securities set a $23.00 price objective on shares of Babcock in a research report on Tuesday, May 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Babcock in a research note on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $14.25.

Insider Activity

In other Babcock news, CEO Kenneth M. Young purchased 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were acquired at an average cost of $15.14 per share, for a total transaction of $105,980.00. Following the completion of the purchase, the chief executive officer owned 1,656,512 shares of the company’s stock, valued at approximately $25,079,591.68. The trade was a 0.42% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.80% of the company’s stock.

Key Headlines Impacting Babcock

Here are the key news stories impacting Babcock this week:

• Negative Sentiment: Pomerantz LLP announced a class action lawsuit against Babcock & Wilcox Enterprises and certain officers, alleging violations of federal securities laws tied to purchases made between November 5, 2025 and March 11, 2026. Article: Pomerantz Law Firm Announces the Filing of a Class Action Against Babcock & Wilcox Enterprises, Inc. and Certain Officers – BW
• Negative Sentiment: Bronstein, Gewirtz & Grossman also urged BW investors to act after a separate class action was filed, adding to legal overhang on the shares. Article: Bronstein, Gewirtz & Grossman LLC Urges Babcock & Wilcox Enterprises, Inc. Investors to Act: Class Action Filed Alleging Investor Harm
• Negative Sentiment: Multiple law firms, including The Gross Law Firm and Rosen Law Firm, issued deadline alerts related to the same securities lawsuit, keeping the litigation risk in focus for shareholders. Article: BW Deadline Alert: The Gross Law Firm Reminds Babcock & Wilcox Enterprises, Inc. (BW) Investors of Securities Class Action Deadline on June 15, 2026
• Negative Sentiment: Babcock & Wilcox closed its underwritten public offering of 12.43 million shares at $18.50 each, which can increase share count and dilute existing holders. Article: Babcock & Wilcox Enterprises Announces Closing of Common Stock Offering
• Neutral Sentiment: Several additional investor-alert articles reiterated the class-action deadline and allegations, but did not add materially new company information. Article: INVESTOR REMINDER: Berger Montague Notifies Babcock & Wilcox Enterprises, Inc. (BW) Investors of a Class Action Lawsuit and Deadline

Babcock Company Profile

Babcock & Wilcox Enterprises, Inc (NYSE: BW) is a specialized provider of energy and environmental technologies and services serving power generation and heavy industrial markets. The company designs, manufactures and maintains critical components and systems that support the safe and efficient operation of both fossil-fuel and renewable power facilities. Its core offerings include industrial and utility boilers, environmental control systems for emissions reduction, and aftermarket support services ranging from inspection and maintenance to spare parts management.

In addition to its boiler and emissions control portfolio, Babcock & Wilcox Enterprises delivers lifecycle solutions aimed at enhancing plant performance and compliance.