Situational Awareness LP Takes Position in Babcock $BW

Situational Awareness LP acquired a new stake in shares of Babcock (NYSE:BW) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,353,900 shares of the technology company’s stock, valued at approximately $8,584,000. Babcock comprises approximately 0.2% of Situational Awareness LP’s holdings, making the stock its 24th biggest holding.

A number of other large investors have also recently made changes to their positions in BW. Marshall Wace LLP grew its holdings in shares of Babcock by 93.0% during the second quarter. Marshall Wace LLP now owns 395,945 shares of the technology company’s stock valued at $380,000 after buying an additional 190,814 shares during the last quarter. Nomura Holdings Inc. boosted its holdings in Babcock by 58.2% in the second quarter. Nomura Holdings Inc. now owns 127,382 shares of the technology company’s stock valued at $123,000 after purchasing an additional 46,884 shares during the last quarter. Thompson Davis & CO. Inc. boosted its holdings in Babcock by 221.8% in the third quarter. Thompson Davis & CO. Inc. now owns 96,550 shares of the technology company’s stock valued at $280,000 after purchasing an additional 66,550 shares during the last quarter. Bastion Asset Management Inc. purchased a new stake in Babcock in the third quarter valued at $450,000. Finally, Vanguard Group Inc. boosted its holdings in Babcock by 54.3% in the third quarter. Vanguard Group Inc. now owns 4,423,243 shares of the technology company’s stock valued at $12,827,000 after purchasing an additional 1,556,692 shares during the last quarter. 83.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Babcock

In related news, CEO Kenneth M. Young purchased 7,000 shares of Babcock stock in a transaction that occurred on Wednesday, March 18th. The stock was purchased at an average price of $15.14 per share, for a total transaction of $105,980.00. Following the transaction, the chief executive officer directly owned 1,656,512 shares in the company, valued at approximately $25,079,591.68. This trade represents a 0.42% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 2.80% of the stock is currently owned by company insiders.

Babcock Stock Down 12.2%

BW stock opened at $16.36 on Friday. The company’s 50-day simple moving average is $17.29 and its 200-day simple moving average is $11.65. Babcock has a 52-week low of $0.87 and a 52-week high of $22.03. The firm has a market cap of $2.44 billion, a P/E ratio of -18.59 and a beta of 1.10.

Babcock (NYSE:BW) last posted its earnings results on Monday, May 11th. The technology company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.57). The firm had revenue of $214.41 million for the quarter, compared to analyst estimates of $149.72 million. On average, analysts anticipate that Babcock will post 0.29 earnings per share for the current fiscal year.

More Babcock News

Here are the key news stories impacting Babcock this week:

• Positive Sentiment: One recent market note argued BW had strong recent momentum, with shares rising 5.4% in the prior session, though that view also said the stock looked overvalued. Babcock & Wilcox Enterprises Inc (BW) Stock Up 5.4% but GF Value Says Overvalued — GF Score: 49/100
• Neutral Sentiment: Several law firms issued deadline reminders and investor alerts related to the same securities class action, which keeps BW in the headlines but does not add new business information. BW Deadline: Rosen Law Firm Urges Babcock & Wilcox Enterprises, Inc. (NYSE: BW) Stockholders to Contact the Firm for Information About Their Rights
• Neutral Sentiment: Pomerantz, Berger Montague, Bragar Eagel & Squire, and The Gross Law Firm all announced or reiterated class-action filings and lead-plaintiff deadlines, reinforcing litigation overhang on the stock. Pomerantz Law Firm Announces the Filing of a Class Action Against Babcock & Wilcox Enterprises, Inc. and Certain Officers – BW
• Negative Sentiment: The filing of a class action lawsuit alleging securities-law violations against Babcock & Wilcox Enterprises, Inc. (BW) and certain officers is the most important negative catalyst and may weigh on investor sentiment until more clarity emerges. Bronstein, Gewirtz & Grossman LLC Urges Babcock & Wilcox Enterprises, Inc. Investors to Act: Class Action Filed Alleging Investor Harm

Analyst Ratings Changes

Several research firms have commented on BW. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Babcock in a report on Monday, April 20th. Craig Hallum reaffirmed a “buy” rating and issued a $19.00 price target on shares of Babcock in a report on Tuesday, March 17th. Northland Securities set a $23.00 price target on shares of Babcock in a report on Tuesday, May 12th. Finally, Wall Street Zen lowered shares of Babcock from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Babcock presently has an average rating of “Hold” and a consensus target price of $14.25.

About Babcock

Babcock & Wilcox Enterprises, Inc (NYSE: BW) is a specialized provider of energy and environmental technologies and services serving power generation and heavy industrial markets. The company designs, manufactures and maintains critical components and systems that support the safe and efficient operation of both fossil-fuel and renewable power facilities. Its core offerings include industrial and utility boilers, environmental control systems for emissions reduction, and aftermarket support services ranging from inspection and maintenance to spare parts management.

In addition to its boiler and emissions control portfolio, Babcock & Wilcox Enterprises delivers lifecycle solutions aimed at enhancing plant performance and compliance.