Dimensional Fund Advisors LP Takes $57,000 Position in Babcock & Wilcox Enterprises, Inc. (NYSE:BW)

Dimensional Fund Advisors LP purchased a new stake in shares of Babcock & Wilcox Enterprises, Inc. (NYSE:BW) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 34,739 shares of the technology company’s stock, valued at approximately $57,000.

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Babcock & Wilcox Enterprises during the fourth quarter worth about $46,000. Thompson Davis & CO. Inc. grew its holdings in Babcock & Wilcox Enterprises by 50.0% during the fourth quarter. Thompson Davis & CO. Inc. now owns 30,000 shares of the technology company’s stock worth $49,000 after acquiring an additional 10,000 shares during the period. Barclays PLC grew its holdings in Babcock & Wilcox Enterprises by 31,891.1% during the third quarter. Barclays PLC now owns 32,311 shares of the technology company’s stock worth $66,000 after acquiring an additional 32,210 shares during the period. Charles Schwab Investment Management Inc. acquired a new position in Babcock & Wilcox Enterprises during the fourth quarter worth about $84,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Babcock & Wilcox Enterprises in the 4th quarter worth about $136,000. 83.17% of the stock is owned by institutional investors and hedge funds.

Babcock & Wilcox Enterprises Trading Down 4.8%

Shares of BW opened at $0.80 on Monday. Babcock & Wilcox Enterprises, Inc. has a 1-year low of $0.22 and a 1-year high of $2.99. The stock has a market capitalization of $78.53 million, a P/E ratio of -0.96 and a beta of 1.76. The business’s 50-day moving average price is $0.56 and its 200 day moving average price is $1.26.

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BW shares. DA Davidson cut Babcock & Wilcox Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. Lake Street Capital dropped their price target on 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. Finally, StockNews.com started coverage on Babcock & Wilcox Enterprises in a research note on Monday, May 12th. They issued a “sell” rating on the stock.

About Babcock & Wilcox Enterprises

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.