ACT Capital Management LLC Takes Position in Babcock $BW

ACT Capital Management LLC bought a new stake in Babcock (NYSE:BW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 36,500 shares of the technology company’s stock, valued at approximately $231,000.

A number of other institutional investors have also modified their holdings of the stock. Legal & General Group Plc increased its holdings in shares of Babcock by 10.8% in the fourth quarter. Legal & General Group Plc now owns 5,380,991 shares of the technology company’s stock valued at $34,115,000 after purchasing an additional 523,776 shares during the period. Gendell Jeffrey L increased its holdings in shares of Babcock by 6.2% in the fourth quarter. Gendell Jeffrey L now owns 5,046,068 shares of the technology company’s stock valued at $31,992,000 after purchasing an additional 293,245 shares during the period. Vanguard Group Inc. increased its holdings in shares of Babcock by 54.3% in the third quarter. Vanguard Group Inc. now owns 4,423,243 shares of the technology company’s stock valued at $12,827,000 after purchasing an additional 1,556,692 shares during the period. Marshall Wace LLP increased its holdings in shares of Babcock by 42.4% in the fourth quarter. Marshall Wace LLP now owns 3,371,134 shares of the technology company’s stock valued at $21,373,000 after purchasing an additional 1,004,533 shares during the period. Finally, UBS Group AG increased its holdings in shares of Babcock by 337.1% in the fourth quarter. UBS Group AG now owns 1,445,218 shares of the technology company’s stock valued at $9,163,000 after purchasing an additional 1,114,593 shares during the period. Institutional investors and hedge funds own 83.17% of the company’s stock.

Babcock Price Performance

Babcock stock opened at $17.09 on Thursday. The stock’s 50 day moving average price is $17.44 and its 200 day moving average price is $12.24. The company has a market cap of $2.54 billion, a PE ratio of -19.42 and a beta of 1.10. Babcock has a 1-year low of $0.87 and a 1-year high of $22.03.

Babcock (NYSE:BW) last posted its earnings results on Monday, May 11th. The technology company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.57). The business had revenue of $214.41 million during the quarter, compared to the consensus estimate of $149.72 million. On average, equities research analysts anticipate that Babcock will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Babcock in a research note on Monday, April 20th. Craig Hallum restated a “buy” rating and issued a $19.00 price target on shares of Babcock in a research note on Tuesday, March 17th. Wall Street Zen downgraded Babcock from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Northland Securities set a $23.00 price target on Babcock in a research note on Tuesday, May 12th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Babcock presently has an average rating of “Hold” and an average target price of $14.25.

Babcock Profile

Babcock & Wilcox Enterprises, Inc (NYSE: BW) is a specialized provider of energy and environmental technologies and services serving power generation and heavy industrial markets. The company designs, manufactures and maintains critical components and systems that support the safe and efficient operation of both fossil-fuel and renewable power facilities. Its core offerings include industrial and utility boilers, environmental control systems for emissions reduction, and aftermarket support services ranging from inspection and maintenance to spare parts management.

In addition to its boiler and emissions control portfolio, Babcock & Wilcox Enterprises delivers lifecycle solutions aimed at enhancing plant performance and compliance.