Babcock & Wilcox Co Insider Sells $517,950 in Stock (BWC)
Babcock & Wilcox Co (NYSE:BWC) Insider J Randall Data sold 15,854 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $32.67, for a total value of $517,950.18. Following the transaction, the insider now directly owns 26,912 shares in the company, valued at approximately $879,215. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Babcock & Wilcox Co (NYSE:BWC) traded up 0.46% during mid-day trading on Monday, hitting $32.93. The stock had a trading volume of 909,663 shares. Babcock & Wilcox Co has a 52-week low of $28.86 and a 52-week high of $36.00. The stock’s 50-day moving average is $33.34 and its 200-day moving average is $33.46. The company has a market cap of $3.632 billion and a price-to-earnings ratio of 10.64.
Babcock & Wilcox Co (NYSE:BWC) last announced its earnings results on Monday, May 12th. The company reported $0.42 earnings per share for the quarter, missing the analysts’ consensus estimate of $42.00 by $41.58. The company had revenue of $662.00 million for the quarter, compared to the consensus estimate of $704.81 million. During the same quarter last year, the company posted $0.46 earnings per share. Babcock & Wilcox Co’s revenue was down 17.8% compared to the same quarter last year. Analysts expect that Babcock & Wilcox Co will post $2.12 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 13th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Wednesday, May 21st.
A number of analysts have recently weighed in on BWC shares. Analysts at Davidson raised their price target on shares of Babcock & Wilcox Co from $34.00 to $37.00 in a research note on Wednesday, May 14th. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Babcock & Wilcox Co in a research note on Monday, April 21st. They now have a $37.00 price target on the stock. Finally, analysts at Johnson Rice raised their price target on shares of Babcock & Wilcox Co from $38.00 to $40.00 in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $36.08.
The Babcock & Wilcox Company (NYSE:BWC) is a technology innovator in power generation systems, a specialty constructor of nuclear components and a service provider in its segments.
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