Babcock (NYSE:BW) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Consensus "Hold": Six analysts rate Babcock with a consensus of Hold (1 sell, 2 hold, 3 buy) and an average 1‑year target price of $8.00.
• Insider sale noted: Major shareholder Brc Group Holdings sold 1,155,382 shares at $9.00 on Feb. 11 (~$10.4M); insiders own 3.90% of the stock while institutions hold 83.17%.
• Recent results and price profile: Babcock reported EPS of $(0.05) (missed the $(0.04) estimate) and revenue of $161M vs. $179.1M expected; shares opened at $13 with a 1‑year range of $0.22–$14.90, a 50‑day avg of $9.51, 200‑day avg of $6.11 and a market cap of $1.44B.

Babcock (NYSE:BW - Get Free Report) has been assigned a consensus rating of "Hold" from the six research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $8.00.

Several research firms have commented on BW. Zacks Research raised shares of Babcock to a "hold" rating in a research note on Friday, January 23rd. Northland Securities began coverage on shares of Babcock in a report on Thursday, January 22nd. They issued an "outperform" rating and a $10.00 target price for the company. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Babcock in a research note on Wednesday, January 21st.

Insider Transactions at Babcock

In other news, major shareholder Brc Group Holdings, Inc. sold 1,155,382 shares of the company's stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $9.00, for a total value of $10,398,438.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Babcock

A number of hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc bought a new stake in shares of Babcock during the third quarter valued at approximately $14,086,000. Marshall Wace LLP grew its stake in Babcock by 497.7% in the third quarter. Marshall Wace LLP now owns 2,366,601 shares of the technology company's stock worth $6,863,000 after purchasing an additional 1,970,656 shares in the last quarter. Vanguard Group Inc. grew its stake in Babcock by 54.3% in the third quarter. Vanguard Group Inc. now owns 4,423,243 shares of the technology company's stock worth $12,827,000 after purchasing an additional 1,556,692 shares in the last quarter. Thames Capital Management LLC purchased a new position in Babcock during the 3rd quarter worth $4,033,000. Finally, Situational Awareness LP bought a new stake in Babcock during the 4th quarter valued at $8,584,000. 83.17% of the stock is currently owned by institutional investors.

Babcock Price Performance

Shares of NYSE BW opened at $13.00 on Friday. Babcock has a 1-year low of $0.22 and a 1-year high of $14.90. The business's 50 day moving average is $9.51 and its two-hundred day moving average is $6.11. The stock has a market capitalization of $1.44 billion, a P/E ratio of -24.07 and a beta of 1.54.

Babcock (NYSE:BW - Get Free Report) last posted its quarterly earnings data on Wednesday, March 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The firm had revenue of $161.00 million during the quarter, compared to analyst estimates of $179.10 million.

About Babcock

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.

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