Babcock (NYSE:BW) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “Babcock & Wilcox Enterprises, Inc. offers energy technology and services primarily for the nuclear, fossil and renewable power markets as well as a premier advanced technology and mission critical defense contractor. Babcock & Wilcox Enterprises, Inc. is headquartered in Charlotte, N.C. “

A number of other equities research analysts have also issued reports on BW. BidaskClub lowered Babcock from a “buy” rating to a “hold” rating in a research report on Saturday. TheStreet lowered Babcock from a “c-” rating to a “d+” rating in a research report on Wednesday, March 15th. Finally, Sidoti reduced their price target on Babcock from $13.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, May 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $15.00.

Babcock (BW) traded down 0.19% during trading on Tuesday, reaching $10.69. The company’s stock had a trading volume of 631,914 shares. The stock’s market capitalization is $522.00 million. The stock has a 50 day moving average price of $11.02 and a 200 day moving average price of $12.64. Babcock has a 1-year low of $8.54 and a 1-year high of $17.72.

Babcock (NYSE:BW) last posted its quarterly earnings results on Tuesday, May 9th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.03. The company had revenue of $391.10 million during the quarter, compared to analyst estimates of $416.44 million. Babcock had a negative net margin of 8.51% and a negative return on equity of 12.96%. Babcock’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 EPS. Analysts anticipate that Babcock will post $0.77 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in BW. Virginia Retirement Systems ET AL increased its position in Babcock by 0.6% in the first quarter. Virginia Retirement Systems ET AL now owns 83,200 shares of the technology company’s stock worth $777,000 after buying an additional 500 shares in the last quarter. Tudor Investment Corp Et Al increased its position in Babcock by 4.9% in the fourth quarter. Tudor Investment Corp Et Al now owns 11,993 shares of the technology company’s stock worth $199,000 after buying an additional 562 shares in the last quarter. Victory Capital Management Inc. increased its position in Babcock by 2.3% in the first quarter. Victory Capital Management Inc. now owns 66,800 shares of the technology company’s stock worth $624,000 after buying an additional 1,525 shares in the last quarter. American International Group Inc. increased its position in Babcock by 7.1% in the first quarter. American International Group Inc. now owns 28,154 shares of the technology company’s stock worth $263,000 after buying an additional 1,859 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Babcock by 0.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 282,251 shares of the technology company’s stock worth $2,637,000 after buying an additional 2,430 shares in the last quarter. Institutional investors and hedge funds own 91.95% of the company’s stock.

About Babcock

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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