Babcock & Wilcox Enterprises (NYSE:BW) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of Babcock & Wilcox Enterprises (NYSE:BW) from a sell rating to a hold rating in a research report report published on Tuesday morning.

Babcock & Wilcox Enterprises Price Performance

BW opened at $1.91 on Tuesday. The stock has a market capitalization of $179.68 million, a price-to-earnings ratio of -2.30 and a beta of 1.70. The business has a 50-day moving average of $2.21 and a two-hundred day moving average of $1.67. Babcock & Wilcox Enterprises has a 12 month low of $0.75 and a 12 month high of $2.99.

Institutional Trading of Babcock & Wilcox Enterprises

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BW. Vanguard Group Inc. grew its holdings in Babcock & Wilcox Enterprises by 11.6% in the 1st quarter. Vanguard Group Inc. now owns 3,379,556 shares of the technology company’s stock valued at $3,819,000 after buying an additional 352,607 shares during the period. Tidal Investments LLC purchased a new stake in Babcock & Wilcox Enterprises in the 1st quarter valued at about $122,000. Boston Partners grew its holdings in Babcock & Wilcox Enterprises by 16.0% in the 1st quarter. Boston Partners now owns 318,870 shares of the technology company’s stock valued at $360,000 after buying an additional 43,880 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Babcock & Wilcox Enterprises by 8.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,075,138 shares of the technology company’s stock valued at $1,559,000 after purchasing an additional 82,100 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Babcock & Wilcox Enterprises in the 2nd quarter valued at about $157,000. Hedge funds and other institutional investors own 83.17% of the company’s stock.

Babcock & Wilcox Enterprises Company Profile

Babcock & Wilcox Enterprises, Inc, together with its subsidiaries, provides energy and emissions control solutions to industrial, electrical utility, municipal, and other customers worldwide. The company operates through three segments: Babcock & Wilcox Renewable; Babcock & Wilcox Environmental; and Babcock & Wilcox Thermal.