Key Points
- CEO Kenneth Young bought 10,000 Babcock shares at an average price of $4.35, spending $43,500. After the purchase, he directly owned 1,719,254 shares.
- The CEO’s purchase was part of a broader cluster of insider buying: directors bought shares, and major shareholder BRC Group Holdings acquired 130,000 shares.
- Babcock shares closed at $4.54, down $0.32 for the day, and were well below their 52-week high of $22.03. Analysts’ consensus rating was Hold, with a consensus price target of $19.
Babcock (NYSE:BW - Get Free Report) Director Philip Moeller acquired 3,000 shares of the firm's stock in a transaction on Thursday, November 12th. The stock was purchased at an average price of $4.65 per share, with a total value of $13,950.00. Following the transaction, the director owned 243,809 shares of the company's stock, valued at approximately $1,133,711.85. This trade represents a 1.25% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
Babcock Price Performance
Shares of BW stock traded down $0.32 during mid-day trading on Friday, hitting $4.54. 5,552,772 shares of the stock were exchanged, compared to its average volume of 5,391,655. Babcock has a 52-week low of $3.07 and a 52-week high of $22.03. The company has a quick ratio of 1.33, a current ratio of 1.79 and a debt-to-equity ratio of 2.08. The company has a market cap of $661.05 million, a PE ratio of -9.88 and a beta of 1.24. The firm has a fifty day moving average of $5.46 and a 200 day moving average of $11.19.
Institutional Trading of Babcock
Several institutional investors have recently modified their holdings of BW. Arrowstreet Capital Limited Partnership raised its position in shares of Babcock by 777.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,974,324 shares of the technology company's stock worth $43,693,000 after purchasing an additional 2,635,304 shares during the last quarter. Situational Awareness LP boosted its holdings in Babcock by 49.7% in the 2nd quarter. Situational Awareness LP now owns 2,027,451 shares of the technology company's stock worth $28,587,000 after buying an additional 673,551 shares during the last quarter. Wellington Management Group LLP acquired a new stake in Babcock in the 2nd quarter worth about $18,260,000. Bank of America Corp DE boosted its holdings in Babcock by 1,743.7% in the 1st quarter. Bank of America Corp DE now owns 1,096,502 shares of the technology company's stock worth $16,108,000 after buying an additional 1,037,028 shares during the last quarter. Finally, Cooper Creek Partners Management LLC purchased a new stake in Babcock during the 1st quarter worth approximately $15,205,000. Institutional investors and hedge funds own 83.17% of the company's stock.
Wall Street Analysts Forecast Growth
BW has been the topic of several research analyst reports. Wall Street Zen lowered Babcock from a "buy" rating to a "hold" rating in a report on Sunday, August 23rd. Needham & Company LLC cut their price objective on Babcock from $20.00 to $15.00 and set a "buy" rating for the company in a research report on Tuesday, November 10th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Babcock in a research note on Wednesday, November 4th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Babcock presently has an average rating of "Hold" and a consensus price target of $19.00.
Check Out Our Latest Research Report on Babcock
Trending Headlines about Babcock
Here are a few of the latest headlines about BW:
- Positive Sentiment: Insiders made several recent purchases: CEO Kenneth Young bought 10,000 shares at $4.35, directors Joseph Tato and Philip Moeller bought 10,000 and 3,000 shares, respectively, and major shareholder BRC Group Holdings acquired 130,000 shares at $4.98. The cluster of buying may signal confidence in the company. CEO SEC filing BRC SEC 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, a potentially supportive revision to earnings expectations.
- Negative Sentiment: Pomerantz reminded investors about a class-action lawsuit and invited affected shareholders to contact the firm. The notice adds legal uncertainty but is not a finding of wrongdoing. Investor alert
About Babcock
(
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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