Key Points
- CFO Cameron Frymyer purchased 2,853 shares at an average price of $7.05 on Nov. 12 for $20,113.65, increasing his holding to 156,658 shares (a 1.85% ownership rise).
- BW stock jumped about 3.5% to $6.73 on heavy volume; the company has a market capitalization of ~$747M, a negative P/E (-3.96), and 50‑day/200‑day moving averages of $3.58/$1.96.
- Analyst and institutional sentiment is mixed: consensus rating is “Hold” with an average target of $7.33 (two Buys, one Hold, one Sell), while institutional investors own ~83.17% of the shares with recent large purchases by firms like Marshall Wace and Legal & General.
Babcock (NYSE:BW - Get Free Report) CFO Cameron Frymyer purchased 2,853 shares of the business's stock in a transaction on Wednesday, November 12th. The shares were purchased at an average price of $7.05 per share, with a total value of $20,113.65. Following the completion of the purchase, the chief financial officer owned 156,658 shares in the company, valued at approximately $1,104,438.90. This trade represents a 1.85% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Babcock Stock Up 3.5%
BW stock traded up $0.23 during trading on Friday, reaching $6.73. The company's stock had a trading volume of 3,494,934 shares, compared to its average volume of 2,310,746. The company's fifty day moving average is $3.58 and its 200-day moving average is $1.96. Babcock has a 1 year low of $0.22 and a 1 year high of $7.77. The company has a market capitalization of $747.15 million, a P/E ratio of -3.96 and a beta of 1.91.
Babcock (NYSE:BW - Get Free Report) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.04. The company had revenue of $149.00 million for the quarter, compared to the consensus estimate of $155.57 million.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on BW shares. DA Davidson upped their target price on shares of Babcock from $1.50 to $6.00 and gave the company a "neutral" rating in a research report on Wednesday. Weiss Ratings restated a "sell (d-)" rating on shares of Babcock in a research report on Wednesday, October 8th. Craig Hallum raised Babcock from a "hold" rating to a "buy" rating and set a $7.00 target price on the stock in a research report on Wednesday, November 5th. Wall Street Zen raised shares of Babcock from a "sell" rating to a "hold" rating in a research note on Saturday, November 8th. Finally, Lake Street Capital reiterated a "buy" rating and issued a $9.00 target price on shares of Babcock in a research note on Wednesday, November 5th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $7.33.
Get Our Latest Stock Report on Babcock
Institutional Investors Weigh In On Babcock
Hedge funds have recently bought and sold shares of the stock. Bridgeway Capital Management LLC lifted its stake in shares of Babcock by 70.4% in the 3rd quarter. Bridgeway Capital Management LLC now owns 121,000 shares of the technology company's stock valued at $351,000 after purchasing an additional 50,000 shares during the period. Marshall Wace LLP grew its position in shares of Babcock by 497.7% during the 3rd quarter. Marshall Wace LLP now owns 2,366,601 shares of the technology company's stock valued at $6,863,000 after acquiring an additional 1,970,656 shares during the period. Ironwood Investment Management LLC increased its stake in shares of Babcock by 7.8% in the 3rd quarter. Ironwood Investment Management LLC now owns 211,307 shares of the technology company's stock valued at $613,000 after purchasing an additional 15,308 shares in the last quarter. Legal & General Group Plc purchased a new position in Babcock during the third quarter worth approximately $14,086,000. Finally, Jefferies Financial Group Inc. acquired a new stake in Babcock in the third quarter valued at approximately $74,000. Hedge funds and other institutional investors own 83.17% of the company's stock.
About Babcock
(
Get Free Report)
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.
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