Credit Suisse Group AG lowered shares of Babcock & Wilcox Enterprises Inc. (NYSE:BW) from a neutral rating to an underperform rating in a research note issued to investors on Thursday. Credit Suisse Group AG currently has $16.00 price objective on the stock.

A number of other research firms have also commented on BW. Zacks Investment Research lowered shares of Babcock & Wilcox Enterprises from a hold rating to a strong sell rating in a research note on Thursday, June 30th. KeyCorp reaffirmed an outperform rating and issued a $22.00 price objective on shares of Babcock & Wilcox Enterprises in a research note on Wednesday, August 24th.

Babcock & Wilcox Enterprises (NYSE:BW) traded up 0.25% on Thursday, reaching $15.74. 87,824 shares of the company were exchanged. The stock’s market capitalization is $786.72 million. Babcock & Wilcox Enterprises has a 12-month low of $14.27 and a 12-month high of $23.99. The company’s 50-day moving average price is $16.47 and its 200-day moving average price is $18.59.

Babcock & Wilcox Enterprises (NYSE:BW) last posted its earnings results on Tuesday, August 9th. The company reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.15) by $0.05. Babcock & Wilcox Enterprises had a positive return on equity of 5.87% and a negative net margin of 3.04%. The business had revenue of $383.20 million for the quarter, compared to the consensus estimate of $432.54 million. During the same period in the previous year, the firm earned $0.27 earnings per share. The company’s revenue was down 12.4% compared to the same quarter last year. Equities research analysts anticipate that Babcock & Wilcox Enterprises will post $0.73 earnings per share for the current fiscal year.

In related news, Director Thomas A. Christopher bought 2,466 shares of the company’s stock in a transaction that occurred on Friday, August 12th. The shares were bought at an average price of $16.20 per share, for a total transaction of $39,949.20. Following the transaction, the director now directly owns 4,426 shares of the company’s stock, valued at $71,701.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jenny L. Apker bought 12,000 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The shares were bought at an average price of $16.58 per share, for a total transaction of $198,960.00. Following the transaction, the insider now directly owns 25,227 shares in the company, valued at $418,263.66. The disclosure for this purchase can be found here. Corporate insiders own 1.50% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BW. Quantbot Technologies LP increased its position in Babcock & Wilcox Enterprises by 604.9% in the second quarter. Quantbot Technologies LP now owns 8,494 shares of the company’s stock valued at $124,000 after buying an additional 7,289 shares during the last quarter. Royal Bank of Canada increased its position in Babcock & Wilcox Enterprises by 25.6% in the first quarter. Royal Bank of Canada now owns 10,118 shares of the company’s stock valued at $216,000 after buying an additional 2,063 shares during the last quarter. Legal & General Group Plc increased its position in Babcock & Wilcox Enterprises by 113.0% in the second quarter. Legal & General Group Plc now owns 10,225 shares of the company’s stock valued at $149,000 after buying an additional 5,425 shares during the last quarter. Strs Ohio acquired a new position in Babcock & Wilcox Enterprises during the second quarter valued at $151,000. Finally, Springbank Value Partners LP increased its position in Babcock & Wilcox Enterprises by 34.5% in the first quarter. Springbank Value Partners LP now owns 11,700 shares of the company’s stock valued at $250,000 after buying an additional 3,000 shares during the last quarter. Institutional investors own 98.19% of the company’s stock.

Babcock & Wilcox Enterprises Company Profile

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.

5 Day Chart for NYSE:BW

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