TheStreet Lowers Babcock & Wilcox Enterprises Inc (BW) to D+

TheStreet cut shares of Babcock & Wilcox Enterprises Inc (NYSE:BW) from a c- rating to a d+ rating in a report issued on Wednesday morning.

Several other research analysts also recently commented on the company. Zacks Investment Research upgraded Babcock & Wilcox Enterprises from a strong sell rating to a hold rating in a research note on Tuesday, January 3rd. Johnson Rice downgraded Babcock & Wilcox Enterprises from a buy rating to an accumulate rating in a research note on Monday, March 6th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $18.67.

Shares of Babcock & Wilcox Enterprises (NYSE:BW) opened at 9.19 on Wednesday. The stock’s 50 day moving average price is $14.15 and its 200 day moving average price is $15.67. Babcock & Wilcox Enterprises has a 12-month low of $9.02 and a 12-month high of $23.99. The company’s market capitalization is $447.53 million.

Babcock & Wilcox Enterprises (NYSE:BW) last issued its earnings results on Wednesday, March 1st. The company reported ($1.60) EPS for the quarter, missing the consensus estimate of $0.38 by $1.98. Babcock & Wilcox Enterprises had a positive return on equity of 5.93% and a negative net margin of 2.90%. The company earned $380 million during the quarter, compared to the consensus estimate of $483.20 million. During the same quarter in the prior year, the business earned $0.47 EPS. The firm’s revenue for the quarter was down 24.4% compared to the same quarter last year. On average, equities research analysts forecast that Babcock & Wilcox Enterprises will post $0.71 earnings per share for the current year.

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In related news, Chairman E James Ferland, Jr. bought 20,000 shares of the business’s stock in a transaction on Thursday, March 9th. The stock was acquired at an average price of $9.62 per share, for a total transaction of $192,400.00. Following the purchase, the chairman now directly owns 240,040 shares in the company, valued at $2,309,184.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in Babcock & Wilcox Enterprises by 6.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,576,691 shares of the company’s stock valued at $26,157,000 after buying an additional 96,494 shares during the last quarter. Teachers Advisors LLC boosted its stake in Babcock & Wilcox Enterprises by 10.8% in the third quarter. Teachers Advisors LLC now owns 1,370,885 shares of the company’s stock valued at $22,620,000 after buying an additional 133,237 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Babcock & Wilcox Enterprises by 36.8% in the third quarter. D. E. Shaw & Co. Inc. now owns 1,310,532 shares of the company’s stock valued at $21,624,000 after buying an additional 352,534 shares during the last quarter. State Street Corp boosted its stake in Babcock & Wilcox Enterprises by 4.0% in the fourth quarter. State Street Corp now owns 887,091 shares of the company’s stock valued at $14,715,000 after buying an additional 33,791 shares during the last quarter. Finally, Norges Bank acquired a new stake in Babcock & Wilcox Enterprises during the fourth quarter valued at $11,896,000.

About Babcock & Wilcox Enterprises

Babcock & Wilcox Enterprises, Inc is a technology-based provider of fossil and renewable power generation and environmental equipment that includes a suite of boiler products and environmental systems, and services for power and industrial uses. The Company operates in three segments: Global Power, Global Services and Industrial Environmental.

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