Nomura Holdings Inc. Has $54,000 Holdings in Babcock $BW

Key Points

• Nomura Holdings Inc. significantly reduced its stake in Babcock by 82.3% during the first quarter, leaving it with only 80,498 shares valued at approximately $54,000.
• Research analysts have mixed opinions on Babcock, with ratings ranging from "strong-buy" to "sell," and the stock currently holds a consensus rating of "Buy" with an average price target of $3.00.
• In recent insider trading, both the CFO and CEO of Babcock acquired additional shares, indicating insider confidence in the company's future, with the CFO increasing ownership by 14.95% and the CEO by 8.27%.

Nomura Holdings Inc. lowered its holdings in shares of Babcock (NYSE:BW - Free Report) by 82.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,498 shares of the technology company's stock after selling 373,342 shares during the quarter. Nomura Holdings Inc. owned about 0.08% of Babcock worth $54,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of BW. OMERS ADMINISTRATION Corp bought a new position in Babcock during the fourth quarter valued at about $239,000. Bank of America Corp DE increased its holdings in shares of Babcock by 62.8% during the 4th quarter. Bank of America Corp DE now owns 319,495 shares of the technology company's stock valued at $524,000 after acquiring an additional 123,194 shares during the last quarter. Equitec Proprietary Markets LLC raised its stake in shares of Babcock by 28.3% in the 1st quarter. Equitec Proprietary Markets LLC now owns 327,365 shares of the technology company's stock valued at $220,000 after acquiring an additional 72,265 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in Babcock in the 4th quarter worth approximately $116,000. Finally, Barclays PLC boosted its position in Babcock by 195.7% during the fourth quarter. Barclays PLC now owns 95,539 shares of the technology company's stock worth $156,000 after purchasing an additional 63,228 shares during the period. 83.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BW has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Babcock from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Craig Hallum upgraded shares of Babcock from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $3.00.

Insider Transactions at Babcock

In related news, CFO Cameron M. Frymyer acquired 20,000 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was purchased at an average cost of $1.55 per share, for a total transaction of $31,000.00. Following the completion of the purchase, the chief financial officer directly owned 153,805 shares of the company's stock, valued at $238,397.75. The trade was a 14.95% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kenneth M. Young bought 20,000 shares of Babcock stock in a transaction dated Monday, August 18th. The stock was purchased at an average price of $1.51 per share, for a total transaction of $30,200.00. Following the purchase, the chief executive officer directly owned 261,745 shares in the company, valued at $395,234.95. This represents a 8.27% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 59,347 shares of company stock valued at $99,803. Corporate insiders own 3.90% of the company's stock.

Babcock Stock Performance

Shares of BW traded down $0.16 during trading hours on Thursday, reaching $2.47. 4,299,489 shares of the company traded hands, compared to its average volume of 2,483,229. The stock's fifty day moving average is $1.47 and its 200 day moving average is $1.00. Babcock has a 1-year low of $0.22 and a 1-year high of $2.99. The stock has a market cap of $249.72 million, a P/E ratio of -1.45 and a beta of 1.83.

Babcock (NYSE:BW - Get Free Report) last issued its earnings results on Monday, August 11th. The technology company reported ($0.10) EPS for the quarter, missing the consensus estimate 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.

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.