Babcock & Wilcox Enterprises (NYSE:BW) Stock Rating Lowered by DA Davidson

DA Davidson lowered shares of Babcock & Wilcox Enterprises (NYSE:BW) from a strong-buy rating to a hold rating in a report released on Monday morning,Zacks.com reports.

A number of other brokerages have also recently weighed in on BW. StockNews.com cut Babcock & Wilcox Enterprises from a “hold” rating to a “sell” rating in a research report on Tuesday, April 1st. Lake Street Capital lowered their price objective on shares of Babcock & Wilcox Enterprises from $8.00 to $5.00 and set a “buy” rating on the stock in a research note on Tuesday, April 1st.

Babcock & Wilcox Enterprises Trading Up 4.9 %

Shares of BW opened at $0.33 on Monday. Babcock & Wilcox Enterprises has a twelve month low of $0.31 and a twelve month high of $2.99. The firm has a market capitalization of $32.39 million, a P/E ratio of -0.40 and a beta of 1.46. The firm’s 50-day moving average is $0.96 and its two-hundred day moving average is $1.61.

Babcock & Wilcox Enterprises (NYSE:BW) last released its quarterly earnings results on Monday, March 31st. The technology company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.42). The company had revenue of $200.80 million during the quarter, compared to analyst estimates of $213.07 million.

Institutional Investors Weigh In On Babcock & Wilcox Enterprises

A number of large investors have recently bought and sold shares of the stock. Walleye Capital LLC acquired a new position in shares of Babcock & Wilcox Enterprises in the third quarter worth $117,000. Barclays PLC raised its stake in Babcock & Wilcox Enterprises by 31,891.1% in the 3rd quarter. Barclays PLC now owns 32,311 shares of the technology company’s stock valued at $66,000 after purchasing an additional 32,210 shares during the last quarter. Geode Capital Management LLC raised its stake in Babcock & Wilcox Enterprises by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 614,043 shares of the technology company’s stock valued at $1,253,000 after purchasing an additional 12,159 shares during the last quarter. Equitec Proprietary Markets LLC lifted its holdings in Babcock & Wilcox Enterprises by 1,449.3% in 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 in the last quarter. Finally, Thompson Davis & CO. Inc. boosted its stake 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 worth $49,000 after purchasing an additional 10,000 shares during the last quarter. Institutional investors and hedge funds own 83.17% of the company’s stock.

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.