Key Points
- Brc Group Holdings, Inc. sold 1,155,382 shares of Babcock (NYSE:BW) on Feb. 11 at an average price of $9.00, totaling about $10.4 million, according to an SEC filing.
- BW is trading near $9.74 with a 52‑week range of $0.22–$11.57, a market cap of roughly $1.08 billion and a negative PE (-7.49), reflecting that the company is currently unprofitable.
- Analysts’ consensus is a “Hold” with an average price target of $8.00 (3 Buys, 2 Holds, 1 Sell), and institutions own about 83.17% of the stock, with Marshall Wace notably increasing its stake to ~3.37 million shares.
Babcock (NYSE:BW - Get Free Report) major shareholder Brc Group Holdings, Inc. sold 1,155,382 shares of the stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $9.00, for a total value of $10,398,438.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Babcock Price Performance
Shares of BW opened at $9.74 on Friday. Babcock has a 1 year low of $0.22 and a 1 year high of $11.57. The stock's fifty day moving average price is $7.59 and its two-hundred day moving average price is $4.88. The firm has a market cap of $1.08 billion, a PE ratio of -7.49 and a beta of 1.55.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the stock. Lake Street Capital reiterated a "buy" rating and set a $9.00 target price on shares of Babcock in a research report on Wednesday, November 5th. Zacks Research upgraded shares of Babcock to a "hold" rating in a research note on Friday, January 23rd. Craig Hallum raised shares of Babcock from a "hold" rating to a "buy" rating and set a $7.00 price objective for the company in a report on Wednesday, November 5th. Weiss Ratings reissued a "sell (d-)" rating on shares of Babcock in a report on Wednesday, January 21st. Finally, Northland Securities initiated coverage on Babcock in a report on Thursday, January 22nd. They issued an "outperform" rating and a $10.00 price target for the company. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $8.00.
Read Our Latest Research Report on Babcock
Institutional Trading of Babcock
Institutional investors and hedge funds have recently bought and sold shares of the company. Arete Wealth Advisors LLC bought a new position in shares of Babcock in the fourth quarter worth $150,000. Marshall Wace LLP boosted its stake in Babcock by 42.4% during the fourth quarter. Marshall Wace LLP now owns 3,371,134 shares of the technology company's stock valued at $21,373,000 after buying an additional 1,004,533 shares during the period. Quinn Opportunity Partners LLC grew its position in Babcock by 53.5% during the fourth quarter. Quinn Opportunity Partners LLC now owns 122,780 shares of the technology company's stock worth $778,000 after buying an additional 42,780 shares in the last quarter. Gendell Jeffrey L increased its stake in Babcock by 6.2% in the 4th quarter. Gendell Jeffrey L now owns 5,046,068 shares of the technology company's stock worth $31,992,000 after acquiring an additional 293,245 shares during the last quarter. Finally, Hudson Bay Capital Management LP purchased a new stake in shares of Babcock in the 4th quarter valued at about $256,000. 83.17% of the stock is currently owned by hedge funds and other institutional investors.
About Babcock
(
Get Free Report)
Babcock & Wilcox Enterprises, Inc (NYSE: BW) is a specialized provider of energy and environmental technologies and services serving power generation and heavy industrial markets. The company designs, manufactures and maintains critical components and systems that support the safe and efficient operation of both fossil-fuel and renewable power facilities. Its core offerings include industrial and utility boilers, environmental control systems for emissions reduction, and aftermarket support services ranging from inspection and maintenance to spare parts management.
In addition to its boiler and emissions control portfolio, Babcock & Wilcox Enterprises delivers lifecycle solutions aimed at enhancing plant performance and compliance.
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