Insider Buying: Babcock (NYSE:BW) Director Purchases $13,950.00 in Stock

Key Points

• Director Philip Moeller bought 3,000 Babcock shares at an average price of $4.65, spending $13,950. The purchase increased his direct holdings by 1.25% to 243,809 shares.
• Babcock shares closed at $4.54, down $0.32 on the day. The stock’s 50-day and 200-day moving averages were $5.51 and $11.22, respectively.
• Analysts’ consensus rating is Hold, with an average price target of $19; Needham cut its target from $20 to $15 while maintaining a Buy rating.

Babcock (NYSE:BW - Get Free Report) Director Philip Moeller acquired 3,000 shares of the company's stock in a transaction on Thursday, November 12th. The stock was purchased at an average cost of $4.65 per share, for a total transaction of $13,950.00. Following the completion of the purchase, the director directly owned 243,809 shares in the company, valued at $1,133,711.85. This trade represents a 1.25% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Babcock Price Performance

BW stock traded down $0.32 on Friday, reaching $4.54. 5,551,927 shares of the company's stock were exchanged, compared to its average volume of 4,361,098. The stock has a fifty day moving average of $5.51 and a 200-day moving average of $11.22. Babcock has a twelve month low of $3.07 and a twelve month high of $22.03. The firm has a market cap of $661.07 million, a PE ratio of -9.88 and a beta of 1.24. The company has a quick ratio of 1.33, a current ratio of 1.79 and a debt-to-equity ratio of 2.08.

Babcock (NYSE:BW - Get Free Report) last released its earnings results on Monday, August 10th. The technology company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.02. Babcock had a negative return on equity of 36.52% and a net margin of 4.11%. The company had revenue of $319.72 million during the quarter, compared to the consensus estimate of $196.95 million. As a group, equities analysts predict that Babcock will post 0.79 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership lifted its stake in Babcock by 777.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,974,324 shares of the technology company's stock valued at $43,693,000 after buying an additional 2,635,304 shares in the last quarter. Situational Awareness LP increased its position in Babcock by 49.7% during the second quarter. Situational Awareness LP now owns 2,027,451 shares of the technology company's stock worth $28,587,000 after buying an additional 673,551 shares in the last quarter. Wellington Management Group LLP purchased a new position in Babcock during the second quarter worth $18,260,000. Bank of America Corp DE increased its position in Babcock by 1,743.7% during the first quarter. Bank of America Corp DE now owns 1,096,502 shares of the technology company's stock worth $16,108,000 after buying an additional 1,037,028 shares in the last quarter. Finally, Cooper Creek Partners Management LLC acquired a new position in shares of Babcock in the first quarter worth $15,205,000. 83.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BW shares. Needham & Company LLC lowered their target price on shares of Babcock from $20.00 to $15.00 and set a "buy" rating on the stock in a research report on Tuesday. Weiss Ratings restated a "sell (d+)" rating on shares of Babcock in a report on Wednesday, November 4th. Finally, Wall Street Zen downgraded Babcock from a "buy" rating to a "hold" rating in a research note on Sunday, August 23rd. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $19.00.

Key Headlines Impacting Babcock

Investors following BW have been watching these headlines:

• Positive Sentiment: CEO Kenneth Young bought 10,000 shares for about $43,500, increasing his direct holdings by 0.59%. Executive buying can signal confidence in the company. SEC filing
• Positive Sentiment: Major shareholder BRC Group Holdings also disclosed a 130,000-share purchase, worth about $647,400 at an average price of $4.98. Insider purchase report
• Negative Sentiment: Recent coverage points to reductions in analyst earnings estimates and fair-value assessments, which may weigh on sentiment. The reports provided do not specify the size of the latest cuts. Earnings estimates report Fair value and analyst target report

About Babcock

Babcock & Wilcox Enterprises, Inc. is an energy and environmental technology company serving power, industrial and municipal customers. Its offerings include steam-generation equipment, emissions-control systems and related engineering, construction, maintenance and aftermarket services. The company also develops technologies for renewable and waste-to-energy applications, including systems that use biomass and municipal solid waste to produce energy. Its environmental technologies help customers manage emissions and other byproducts from energy and industrial processes.

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