Babcock (NYSE:BW) Director Buys $18,600.00 in Stock

Key Points

• Director Philip Moeller of Babcock acquired 10,000 shares of stock at $1.86 each, spending a total of $18,600, which reflects a 5.33% increase in his ownership stake.
• Babcock reported a quarterly loss of ($0.10) EPS, missing analysts' expectations, with revenue of $144.1 million against a forecast of $182.07 million.
• Brokerage ratings for Babcock are mixed, with one analyst upgrading it to a "strong-buy" rating while another downgraded it to a "sell," reflecting varying market sentiment.

Babcock (NYSE:BW - Get Free Report) Director Philip Moeller acquired 10,000 shares of the firm's stock in a transaction on Wednesday, August 27th. The shares were bought at an average cost of $1.86 per share, for a total transaction of $18,600.00. Following the completion of the acquisition, the director directly owned 197,559 shares of the company's stock, valued at approximately $367,459.74. This represents a 5.33% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Babcock Trading Up 12.2%

NYSE BW opened at $2.07 on Friday. The company has a 50 day moving average of $1.20 and a 200-day moving average of $0.93. Babcock has a 1-year low of $0.22 and a 1-year high of $2.99. The firm has a market cap of $208.77 million, a price-to-earnings ratio of -1.21 and a beta of 1.72.

Babcock (NYSE:BW - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The technology company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.02). The company had revenue of $144.10 million during the quarter, compared to analysts' expectations of $182.07 million.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BW. Wall Street Zen lowered Babcock from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Craig Hallum raised shares of Babcock from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $3.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of Babcock in the 4th quarter worth $46,000. Barclays PLC increased its stake in shares of Babcock by 195.7% in the fourth quarter. Barclays PLC now owns 95,539 shares of the technology company's stock worth $156,000 after acquiring an additional 63,228 shares during the period. Marshall Wace LLP lifted its holdings in shares of Babcock by 809.8% in the 4th quarter. Marshall Wace LLP now owns 484,903 shares of the technology company's stock valued at $795,000 after buying an additional 431,604 shares during the period. Dimensional Fund Advisors LP purchased a new stake in Babcock during the fourth quarter worth $57,000. Finally, Tower Research Capital LLC TRC increased its holdings in Babcock by 345.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 67,902 shares of the technology company's stock worth $111,000 after acquiring an additional 52,663 shares in the last quarter. Hedge funds and other institutional investors own 83.17% of the company's stock.

Babcock Company Profile

Babcock & Wilcox Enterprises, Inc engages in the provision of fossil and renewable power generation and environmental equipment. It operates through the following segments: B&W Renewable, B&W Environmental, and B&W Thermal. The B&W Renewable segment supports a circular economy, diverting waste from landfills to use for power generation and replacing fossil fuels, while recovering metals and reducing emissions.

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