CHICAGO TRUST Co NA purchased a new stake in shares of Babcock (NYSE:BW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,458 shares of the technology company’s stock, valued at approximately $193,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Virginia Retirement Systems ET AL raised its stake in Babcock by 0.6% in the first quarter. Virginia Retirement Systems ET AL now owns 83,200 shares of the technology company’s stock valued at $777,000 after buying an additional 500 shares in the last quarter. Tudor Investment Corp Et Al raised its stake in Babcock by 4.9% in the fourth quarter. Tudor Investment Corp Et Al now owns 11,993 shares of the technology company’s stock valued at $199,000 after buying an additional 562 shares in the last quarter. Victory Capital Management Inc. raised its stake in Babcock by 2.3% in the first quarter. Victory Capital Management Inc. now owns 66,800 shares of the technology company’s stock valued at $624,000 after buying an additional 1,525 shares in the last quarter. American International Group Inc. raised its stake in Babcock by 7.1% in the first quarter. American International Group Inc. now owns 28,154 shares of the technology company’s stock valued at $263,000 after buying an additional 1,859 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Babcock by 0.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 282,251 shares of the technology company’s stock valued at $2,637,000 after buying an additional 2,430 shares in the last quarter. 92.25% of the stock is owned by institutional investors and hedge funds.

Shares of Babcock (BW) traded down 3.65% during trading on Friday, hitting $10.03. The stock had a trading volume of 772,377 shares. The firm’s market cap is $489.77 million. The firm has a 50 day moving average price of $11.02 and a 200 day moving average price of $11.66. Babcock has a 12-month low of $8.54 and a 12-month high of $17.72.

Babcock (NYSE:BW) last posted its earnings results on Tuesday, May 9th. The technology company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.03. Babcock had a negative net margin of 8.51% and a negative return on equity of 12.96%. The business had revenue of $391.10 million for the quarter, compared to analyst estimates of $416.44 million. During the same quarter last year, the business earned $0.27 earnings per share. Babcock’s revenue was down 3.2% on a year-over-year basis. On average, equities analysts expect that Babcock will post $0.77 earnings per share for the current fiscal year.

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Several brokerages have recently commented on BW. BidaskClub downgraded Babcock from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Zacks Investment Research downgraded Babcock from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Sidoti lowered their price objective on Babcock from $13.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Babcock has a consensus rating of “Hold” and a consensus price target of $14.80.

Babcock 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: Power, Renewable and Industrial.

Institutional Ownership by Quarter for Babcock (NYSE:BW)

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