Babcock & Wilcox Enterprises (NYSE:BW) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Babcock & Wilcox Enterprises (NYSE:BW - Get Free Report) in a research note issued to investors on Tuesday. The brokerage set a "hold" rating on the technology company's stock.

Several other brokerages have also commented on BW. Lake Street Capital lowered their price objective on Babcock & Wilcox Enterprises from $8.00 to $5.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. DA Davidson downgraded Babcock & Wilcox Enterprises from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th.

Babcock & Wilcox Enterprises Price Performance

Shares of NYSE BW opened at $0.81 on Tuesday. Babcock & Wilcox Enterprises has a one year low of $0.22 and a one year high of $2.99. The firm's 50 day simple moving average is $0.56 and its two-hundred day simple moving average is $1.25. The stock has a market capitalization of $79.93 million, a P/E ratio of -0.98 and a beta of 1.76.

Babcock & Wilcox Enterprises (NYSE:BW - Get Free Report) last issued its earnings results on Monday, March 31st. The technology company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.42). The firm had revenue of $200.80 million for the quarter, compared to analysts' expectations of $213.07 million.

Institutional Trading of Babcock & Wilcox Enterprises

Several hedge funds have recently modified their holdings of BW. Barclays PLC raised its holdings in shares of Babcock & Wilcox Enterprises by 31,891.1% during the 3rd quarter. Barclays PLC now owns 32,311 shares of the technology company's stock worth $66,000 after acquiring an additional 32,210 shares in the last quarter. Equitec Proprietary Markets LLC increased its position in shares of Babcock & Wilcox Enterprises by 1,449.3% during the 4th quarter. Equitec Proprietary Markets LLC now owns 255,100 shares of the technology company's stock valued at $418,000 after purchasing an additional 238,635 shares during the last quarter. Thompson Davis & CO. Inc. increased its position in shares of Babcock & Wilcox Enterprises by 50.0% during the 4th quarter. Thompson Davis & CO. Inc. now owns 30,000 shares of the technology company's stock valued at $49,000 after purchasing an additional 10,000 shares during the last quarter. Charles Schwab Investment Management Inc. bought a new position in shares of Babcock & Wilcox Enterprises during the 4th quarter valued at approximately $84,000. Finally, Raymond James Financial Inc. bought a new position in shares of Babcock & Wilcox Enterprises during the 4th quarter valued at approximately $46,000. 83.17% of the stock is owned by hedge funds and other institutional investors.

Babcock & Wilcox Enterprises 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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