Key Points
- BRC Group Holdings disclosed buying 130,000 Babcock shares at an average price of $4.98, totaling $647,400.
- Babcock reported quarterly earnings of $0.04 per share, beating the $0.02 consensus, and revenue of $319.72 million versus estimates of $196.95 million.
- The stock opened at $4.88, well below its 50-day and 200-day moving averages. Analysts’ consensus rating is Hold, with a $19 average price target.
Babcock (NYSE:BW - Get Free Report) major shareholder Brc Group Holdings, Inc. bought 130,000 shares of the stock in a transaction dated Wednesday, November 11th. The stock was bought at an average price of $4.98 per share, with a total value of $647,400.00. Following the purchase, the insider owned 103,810 shares of the company's stock, valued at approximately $516,973.80. This represents a -496.37% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Babcock Stock Performance
Shares of NYSE:BW opened at $4.88 on Friday. The business's 50-day simple moving average is $5.51 and its 200 day simple moving average is $11.22. The company has a market cap of $710.52 million, a P/E ratio of -10.62 and a beta of 1.24. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.33 and a current ratio of 1.79. Babcock has a one year low of $3.07 and a one year high of $22.03.
Babcock (NYSE:BW - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The technology company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.02. The firm had revenue of $319.72 million during the quarter, compared to analysts' expectations of $196.95 million. Babcock had a negative return on equity of 36.52% and a net margin of 4.11%. On average, sell-side analysts forecast that Babcock will post 0.79 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. Needham & Company LLC reduced their target price on shares of Babcock from $20.00 to $15.00 and set a "buy" rating on the stock in a research report on Tuesday. Wall Street Zen cut Babcock from a "buy" rating to a "hold" rating in a research note on Sunday, August 23rd. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Babcock in a report on Wednesday, November 4th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $19.00.
Check Out Our Latest Stock Analysis on Babcock
Recent Babcock Headlines
Investors following BW have been watching these headlines:
- Positive Sentiment: Major shareholder BRC Group Holdings disclosed buying 130,000 shares at an average $4.98 each, a potentially supportive sign of confidence. SEC ownership filing
- Positive Sentiment: Northland Securities raised its FY2026 EPS estimate to $0.79 from $0.27 and its FY2027 estimate to $0.56 from $0.54. These are analyst forecasts, not company guidance, and the FY2026 estimate is well above the cited consensus of $0.27.
- Negative Sentiment: Pomerantz issued an investor alert regarding a class-action lawsuit and invited investors who believe they suffered losses to contact the firm. The notice adds legal uncertainty, though it does not establish any finding of wrongdoing. Pomerantz investor alert
Institutional Trading of Babcock
Several hedge funds and other institutional investors have recently bought and sold shares of BW. Royce & Associates LP raised its stake in Babcock by 13.1% during the third quarter. Royce & Associates LP now owns 851,866 shares of the technology company's stock valued at $4,975,000 after buying an additional 98,686 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Babcock by 80.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 66,380 shares of the technology company's stock worth $388,000 after buying an additional 29,564 shares during the last quarter. Pier 88 Investment Partners LLC lifted its holdings in Babcock by 59.9% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 23,500 shares of the technology company's stock worth $137,000 after buying an additional 8,800 shares during the last quarter. Pictet Asset Management Holding SA grew its position in shares of Babcock by 28.3% in the 3rd quarter. Pictet Asset Management Holding SA now owns 20,687 shares of the technology company's stock worth $121,000 after acquiring an additional 4,558 shares in the last quarter. Finally, Chicago Partners Investment Group LLC grew its position in shares of Babcock by 64.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 24,202 shares of the technology company's stock worth $100,000 after acquiring an additional 9,448 shares in the last quarter. 83.17% of the stock is owned by institutional investors.
Babcock Company Profile
(
Get Free Report)
Babcock & Wilcox Enterprises, Inc. is an energy and environmental technology company serving power, industrial and municipal customers. Its offerings include steam-generation equipment, emissions-control systems and related engineering, construction, maintenance and aftermarket services. The company also develops technologies for renewable and waste-to-energy applications, including systems that use biomass and municipal solid waste to produce energy. Its environmental technologies help customers manage emissions and other byproducts from energy and industrial processes.
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