Shares of Babcock (NYSE:BW) have been given an average rating of “Hold” by the eight ratings firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $5.23.

BW has been the topic of a number of recent research reports. BidaskClub downgraded Babcock from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Zacks Investment Research downgraded Babcock from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. KeyCorp reaffirmed a “hold” rating on shares of Babcock in a report on Friday, September 22nd. UBS AG downgraded Babcock from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $13.00 to $3.00 in a report on Monday, August 14th. Finally, Credit Suisse Group decreased their price objective on Babcock from $10.00 to $3.70 and set an “underperform” rating on the stock in a report on Friday, August 11th.

Shares of Babcock (NYSE:BW) traded up 1.41% during mid-day trading on Friday, hitting $4.33. The stock had a trading volume of 1,676,724 shares. The stock’s market cap is $211.65 million. Babcock has a one year low of $1.61 and a one year high of $17.72. The firm has a 50 day moving average of $3.63 and a 200 day moving average of $3.63.

Babcock (NYSE:BW) last released its quarterly earnings data on Wednesday, August 9th. The technology company reported ($2.63) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($2.68). The company had revenue of $349.80 million for the quarter, compared to analyst estimates of $434.34 million. Babcock had a negative net margin of 14.41% and a negative return on equity of 35.95%. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.20) earnings per share. On average, analysts forecast that Babcock will post ($2.55) earnings per share for the current year.

In other news, major shareholder Vintage Capital Management Llc bought 1,686,945 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was bought at an average price of $3.10 per share, for a total transaction of $5,229,529.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.50% of the company’s stock.

Several large investors have recently bought and sold shares of the company. ETRADE Capital Management LLC raised its stake in shares of Babcock by 0.7% in the second quarter. ETRADE Capital Management LLC now owns 13,288 shares of the technology company’s stock valued at $156,000 after acquiring an additional 95 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Babcock by 2.3% in the first quarter. Victory Capital Management Inc. now owns 66,800 shares of the technology company’s stock valued at $624,000 after acquiring an additional 1,525 shares during the last quarter. American International Group Inc. raised its stake in shares of Babcock by 7.1% in the first quarter. American International Group Inc. now owns 28,154 shares of the technology company’s stock valued at $263,000 after acquiring an additional 1,859 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Babcock by 30.9% in 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 acquiring an additional 2,200 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Babcock by 0.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 282,251 shares of the technology company’s stock valued at $2,637,000 after acquiring an additional 2,430 shares during the last quarter. Institutional investors own 93.92% of the company’s stock.

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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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