Insider Buying: Babcock & Wilcox Enterprises Inc (BW) Major Shareholder Acquires 41,456 Shares of Stock

Babcock & Wilcox Enterprises Inc (NYSE:BW) major shareholder Steel Partners Holdings L.P. bought 41,456 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was bought at an average cost of $5.90 per share, for a total transaction of $244,590.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Steel Partners Holdings L.P. also recently made the following trade(s):

  • On Thursday, February 8th, Steel Partners Holdings L.P. bought 100,000 shares of Babcock & Wilcox Enterprises stock. The stock was bought at an average cost of $5.60 per share, for a total transaction of $560,000.00.

Babcock & Wilcox Enterprises Inc (NYSE:BW) traded up $0.19 during midday trading on Monday, hitting $5.99. 1,301,989 shares of the company were exchanged, compared to its average volume of 1,317,765. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.17 and a quick ratio of 1.03. The stock has a market cap of $263.85 and a P/E ratio of -0.83. Babcock & Wilcox Enterprises Inc has a 1 year low of $1.61 and a 1 year high of $17.31.

Separately, Zacks Investment Research downgraded shares of Babcock & Wilcox Enterprises from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Babcock & Wilcox Enterprises has a consensus rating of “Hold” and an average price target of $7.18.

Several hedge funds and other institutional investors have recently bought and sold shares of BW. Rubric Capital Management LP purchased a new position in shares of Babcock & Wilcox Enterprises in the 3rd quarter valued at $2,081,000. Royce & Associates LP acquired a new stake in Babcock & Wilcox Enterprises during the 3rd quarter worth $1,562,000. Schwab Charles Investment Management Inc. boosted its stake in Babcock & Wilcox Enterprises by 55.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,042,918 shares of the technology company’s stock worth $5,924,000 after purchasing an additional 373,361 shares during the period. Wells Fargo & Company MN boosted its stake in Babcock & Wilcox Enterprises by 67.1% during the 3rd quarter. Wells Fargo & Company MN now owns 895,970 shares of the technology company’s stock worth $2,983,000 after purchasing an additional 359,753 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Babcock & Wilcox Enterprises by 8.0% during the 2nd quarter. Vanguard Group Inc. now owns 4,232,623 shares of the technology company’s stock worth $49,776,000 after purchasing an additional 312,969 shares during the period. 65.17% of the stock is currently owned by hedge funds and other institutional investors.

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Babcock & Wilcox Enterprises 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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