Babcock & Wilcox Enterprises (NYSE:BW) Downgraded to “Sell” Rating by StockNews.com

Babcock & Wilcox Enterprises (NYSE:BW) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

Separately, Lake Street Capital dropped their price target on Babcock & Wilcox Enterprises from $8.00 to $5.00 and set a “buy” rating on the stock in a research report on Tuesday.

Babcock & Wilcox Enterprises Stock Down 32.0 %

Shares of NYSE:BW traded down $0.22 on Tuesday, hitting $0.46. The company had a trading volume of 4,565,190 shares, compared to its average volume of 1,248,406. Babcock & Wilcox Enterprises has a 1 year low of $0.45 and a 1 year high of $2.99. The firm’s 50-day simple moving average is $1.13 and its two-hundred day simple moving average is $1.67. The firm has a market capitalization of $43.10 million, a price-to-earnings ratio of -0.55 and a beta of 1.84.

Babcock & Wilcox Enterprises (NYSE:BW) last announced its earnings results on Monday, March 31st. The technology company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.42). The firm had revenue of $200.80 million during the quarter, compared to analysts’ expectations of $213.07 million.

Institutional Trading of Babcock & Wilcox Enterprises

Several institutional investors have recently made changes to their positions in BW. Walleye Capital LLC bought a new stake in shares of Babcock & Wilcox Enterprises in the 3rd quarter worth about $117,000. Hilltop Holdings Inc. bought a new position in Babcock & Wilcox Enterprises during the 3rd quarter worth about $49,000. Jacobs Levy Equity Management Inc. raised its stake in Babcock & Wilcox Enterprises by 2,372.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 727,262 shares of the technology company’s stock worth $1,484,000 after buying an additional 697,845 shares in the last quarter. Barclays PLC lifted its stake in shares of Babcock & Wilcox Enterprises by 31,891.1% during the 3rd quarter. Barclays PLC now owns 32,311 shares of the technology company’s stock worth $66,000 after purchasing an additional 32,210 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Babcock & Wilcox Enterprises by 2.0% during the third quarter. Geode Capital Management LLC now owns 614,043 shares of the technology company’s stock valued at $1,253,000 after buying an additional 12,159 shares during the last quarter. Hedge funds and other institutional investors own 83.17% of the company’s stock.

Babcock & Wilcox Enterprises Company Profile

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.