Babcock (NYSE:BW) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday.

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. “

BW has been the subject of several other reports. Sidoti decreased their target price on shares of Babcock from $13.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, May 25th. BidaskClub downgraded shares of Babcock from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Credit Suisse Group decreased their target price on shares of Babcock from $10.00 to $3.70 and set an “underperform” rating for the company in a research report on Friday. Finally, UBS AG downgraded shares of Babcock from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $13.00 to $3.00 in a research report on Monday. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $10.14.

Babcock (NYSE BW) traded down 0.34% during trading on Monday, reaching $2.90. The company’s stock had a trading volume of 4,864,374 shares. The company’s market cap is $141.61 million. The stock’s 50-day moving average is $10.35 and its 200 day moving average is $11.29. Babcock has a 12 month low of $2.61 and a 12 month high of $17.72.

Babcock (NYSE:BW) last posted its earnings results on Wednesday, August 9th. The technology company reported ($2.63) EPS for the quarter, missing the consensus estimate of $0.05 by $2.68. The business had revenue of $349.80 million for the quarter, compared to the consensus estimate of $434.34 million. Babcock had a negative return on equity of 35.95% and a negative net margin of 14.41%. The company’s revenue was down 8.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.20) earnings per share. On average, equities analysts forecast that Babcock will post ($1.18) EPS for the current fiscal year.

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A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Babcock by 8.0% in the second quarter. Vanguard Group Inc. now owns 4,232,623 shares of the technology company’s stock worth $49,776,000 after buying an additional 312,969 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Babcock by 1.0% in the first quarter. Wellington Management Group LLP now owns 2,744,506 shares of the technology company’s stock worth $25,634,000 after buying an additional 26,640 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Babcock by 10.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,244,099 shares of the technology company’s stock worth $26,391,000 after buying an additional 209,171 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Babcock by 21.9% in the second quarter. New York State Common Retirement Fund now owns 1,531,840 shares of the technology company’s stock worth $18,014,000 after buying an additional 275,399 shares during the last quarter. Finally, Teachers Advisors LLC increased its stake in shares of Babcock by 0.7% in the second quarter. Teachers Advisors LLC now owns 1,351,709 shares of the technology company’s stock worth $15,896,000 after buying an additional 9,872 shares during the last quarter. 92.85% of the stock is owned by institutional investors and hedge funds.

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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