Investment Management of Virginia LLC boosted its position in shares of Babcock & Wilcox Enterprises Inc. (NYSE:BW) by 114.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,840 shares of the company’s stock after buying an additional 68,240 shares during the period. Investment Management of Virginia LLC owned 0.26% of Babcock & Wilcox Enterprises worth $2,110,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP raised its stake in Babcock & Wilcox Enterprises by 604.9% in the second quarter. Quantbot Technologies LP now owns 8,494 shares of the company’s stock worth $124,000 after buying an additional 7,289 shares in the last quarter. Legal & General Group Plc raised its stake 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 worth $149,000 after buying an additional 5,425 shares in the last quarter. Strs Ohio purchased a new stake in Babcock & Wilcox Enterprises during the second quarter worth $151,000. Capstone Investment Advisors LLC purchased a new stake in Babcock & Wilcox Enterprises during the second quarter worth $173,000. Finally, Springbank Value Partners LP raised its stake in Babcock & Wilcox Enterprises by 17.1% in the second quarter. Springbank Value Partners LP now owns 13,700 shares of the company’s stock worth $201,000 after buying an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 98.69% of the company’s stock.

Institutional Ownership by Quarter for Babcock & Wilcox Enterprises (NYSE:BW)

Shares of Babcock & Wilcox Enterprises Inc. (NYSE:BW) traded up 0.57% during mid-day trading on Monday, hitting $15.85. 508,465 shares of the stock were exchanged. The stock’s market cap is $771.66 million. Babcock & Wilcox Enterprises Inc. has a 12 month low of $12.90 and a 12 month high of $23.99. The stock’s 50 day moving average is $15.40 and its 200-day moving average is $17.03.

Babcock & Wilcox Enterprises (NYSE:BW) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.01. Babcock & Wilcox Enterprises had a positive return on equity of 5.93% and a negative net margin of 2.90%. The business earned $411 million during the quarter, compared to analysts’ expectations of $457.70 million. During the same period last year, the company earned $0.25 earnings per share. The firm’s revenue was down 2.1% compared to the same quarter last year. On average, analysts anticipate that Babcock & Wilcox Enterprises Inc. will post $0.69 EPS for the current year.

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BW has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Babcock & Wilcox Enterprises from a “sell” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Tuesday, August 30th. KeyCorp reaffirmed an “outperform” rating and set a $22.00 price target on shares of Babcock & Wilcox Enterprises in a report on Wednesday, August 24th. Finally, Credit Suisse Group AG downgraded shares of Babcock & Wilcox Enterprises from a “neutral” rating to an “underperform” rating and set a $16.00 price target on the stock. in a report on Thursday, October 13th.

In other Babcock & Wilcox Enterprises news, Chairman E James Ferland, Jr. acquired 15,000 shares of the stock in a transaction that occurred on Monday, November 7th. The stock was bought at an average cost of $13.81 per share, with a total value of $207,150.00. Following the completion of the purchase, the chairman now directly owns 188,664 shares in the company, valued at $2,605,449.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Larry L. Weyers acquired 5,000 shares of the stock in a transaction that occurred on Monday, November 7th. The stock was acquired at an average cost of $14.00 per share, with a total value of $70,000.00. Following the completion of the purchase, the director now owns 20,359 shares of the company’s stock, valued at $285,026. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by corporate insiders.

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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