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

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

Separately, Lake Street Capital decreased their target price on shares of Babcock & Wilcox Enterprises from $8.00 to $5.00 and set a “buy” rating for the company in a research note on Tuesday.

Babcock & Wilcox Enterprises Trading Up 5.9 %

Shares of BW opened at $0.48 on Tuesday. Babcock & Wilcox Enterprises has a twelve month low of $0.45 and a twelve month high of $2.99. The firm has a market capitalization of $45.70 million, a P/E ratio of -0.58 and a beta of 1.84. The firm’s 50-day moving average is $1.11 and its two-hundred day moving average is $1.66.

Babcock & Wilcox Enterprises (NYSE:BW) last issued its quarterly earnings data 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 company had revenue of $200.80 million during the quarter, compared to analysts’ expectations of $213.07 million.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BW. BNP Paribas Financial Markets bought a new position in Babcock & Wilcox Enterprises in the fourth quarter worth about $27,000. Boothbay Fund Management LLC acquired a new stake in shares of Babcock & Wilcox Enterprises during the 4th quarter worth approximately $38,000. Two Sigma Advisers LP lifted its holdings in shares of Babcock & Wilcox Enterprises by 106.7% in the 4th quarter. Two Sigma Advisers LP now owns 26,734 shares of the technology company’s stock worth $44,000 after purchasing an additional 13,800 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Babcock & Wilcox Enterprises during the 4th quarter valued at approximately $46,000. Finally, Hilltop Holdings Inc. bought a new position in Babcock & Wilcox Enterprises during the 3rd quarter worth $49,000. 83.17% of the stock is owned by institutional investors and hedge funds.

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.