Babcock (NYSE:BW) has earned a consensus rating of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $5.23.

A number of research firms have issued reports on BW. KeyCorp reaffirmed a “hold” rating on shares of Babcock in a research report on Friday, September 22nd. UBS lowered Babcock from a “buy” rating to a “neutral” rating and cut their target price for the stock from $13.00 to $3.00 in a research report on Monday, August 14th. Finally, Zacks Investment Research lowered Babcock from a “hold” rating to a “strong sell” rating in a research report on Monday, August 14th.

Babcock (NYSE:BW) traded up $0.03 during mid-day trading on Monday, reaching $4.73. The company’s stock had a trading volume of 532,130 shares, compared to its average volume of 1,456,914. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 0.67. Babcock has a 52 week low of $1.61 and a 52 week high of $17.72.

Babcock (NYSE:BW) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.25). The company had revenue of $408.70 million during the quarter, compared to analyst estimates of $413.41 million. Babcock had a negative net margin of 22.48% and a negative return on equity of 50.88%. Babcock’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the business earned $0.24 EPS. equities analysts forecast that Babcock will post -3.07 EPS for the current fiscal year.

In other Babcock 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 shares were acquired at an average price of $3.10 per share, with a total value of $5,229,529.50. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 2.50% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. ETRADE Capital Management LLC increased its position in Babcock by 0.7% during the second quarter. ETRADE Capital Management LLC now owns 13,288 shares of the technology company’s stock worth $156,000 after buying an additional 95 shares during the period. Public Employees Retirement System of Ohio increased its position in Babcock by 30.9% during the second quarter. Public Employees Retirement System of Ohio now owns 9,330 shares of the technology company’s stock worth $110,000 after buying an additional 2,200 shares during the period. Schwab Charles Investment Management Inc. increased its position in Babcock by 0.9% during 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 during the period. Rhumbline Advisers increased its position in Babcock by 4.5% during the second quarter. Rhumbline Advisers now owns 60,418 shares of the technology company’s stock worth $711,000 after buying an additional 2,614 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in Babcock by 7.6% during the second quarter. The Manufacturers Life Insurance Company now owns 39,060 shares of the technology company’s stock worth $459,000 after buying an additional 2,756 shares during the period. 64.63% of the stock is currently owned by institutional investors and hedge funds.

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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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