Babcock & Wilcox Enterprises, Inc. (NYSE:BW – Get Free Report)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.48 and traded as high as $2.59. Babcock & Wilcox Enterprises shares last traded at $2.53, with a volume of 1,259,123 shares trading hands.
Analysts Set New Price Targets
Several analysts have recently commented on the company. StockNews.com upgraded Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a research note on Thursday, August 15th. Craig Hallum boosted their price objective on Babcock & Wilcox Enterprises from $1.50 to $2.00 and gave the company a “hold” rating in a report on Monday, July 8th.
Check Out Our Latest Research Report on BW
Babcock & Wilcox Enterprises Stock Performance
Babcock & Wilcox Enterprises (NYSE:BW – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.19). The company had revenue of $233.60 million for the quarter, compared to the consensus estimate of $262.20 million. As a group, research analysts anticipate that Babcock & Wilcox Enterprises, Inc. will post -0.03 earnings per share for the current year.
Hedge Funds Weigh In On Babcock & Wilcox Enterprises
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Delta Financial Group Inc. boosted its holdings in shares of Babcock & Wilcox Enterprises by 90.9% in the third quarter. Delta Financial Group Inc. now owns 21,000 shares of the technology company’s stock worth $43,000 after acquiring an additional 10,000 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in Babcock & Wilcox Enterprises in the 1st quarter worth about $26,000. Point72 DIFC Ltd purchased a new position in Babcock & Wilcox Enterprises during the 2nd quarter valued at about $42,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Babcock & Wilcox Enterprises during the second quarter valued at about $130,000. Finally, Tidal Investments LLC purchased a new stake in shares of Babcock & Wilcox Enterprises in the first quarter worth about $122,000. Institutional investors own 83.17% of the company’s stock.
About Babcock & Wilcox Enterprises
Babcock & Wilcox Enterprises, Inc, together with its subsidiaries, provides energy and emissions control solutions to industrial, electrical utility, municipal, and other customers worldwide. The company operates through three segments: Babcock & Wilcox Renewable; Babcock & Wilcox Environmental; and Babcock & Wilcox Thermal.
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