Thompson Davis & CO. Inc. Sells 35,360 Shares of Babcock $BW

Thompson Davis & CO. Inc. cut its holdings in Babcock (NYSE:BW) by 38.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,965 shares of the technology company’s stock after selling 35,360 shares during the quarter. Thompson Davis & CO. Inc.’s holdings in Babcock were worth $822,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BW. Rockefeller Capital Management L.P. bought a new stake in Babcock during the 4th quarter worth $25,000. Huntington National Bank raised its position in Babcock by 400,000.0% in the fourth quarter. Huntington National Bank now owns 4,001 shares of the technology company’s stock valued at $25,000 after purchasing an additional 4,000 shares during the last quarter. State of Wyoming raised its position in Babcock by 88.7% in the fourth quarter. State of Wyoming now owns 10,499 shares of the technology company’s stock valued at $67,000 after purchasing an additional 4,936 shares during the last quarter. Centiva Capital LP acquired a new stake in shares of Babcock during the third quarter valued at about $31,000. Finally, Raymond James Financial Inc. boosted its stake in shares of Babcock by 11,311.3% during the third quarter. Raymond James Financial Inc. now owns 12,096 shares of the technology company’s stock valued at $35,000 after purchasing an additional 11,990 shares in the last quarter. Institutional investors own 83.17% of the company’s stock.

Babcock Price Performance

NYSE:BW opened at $17.38 on Friday. Babcock has a twelve month low of $0.87 and a twelve month high of $22.03. The company has a fifty day moving average of $17.45 and a 200-day moving average of $12.36. The firm has a market capitalization of $2.59 billion, a P/E ratio of -19.75 and a beta of 1.10.

Babcock (NYSE:BW) last issued 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 company 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 0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Craig Hallum reissued a “buy” rating and set a $19.00 target price 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 research note on Tuesday, May 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Babcock in a report on Monday, April 20th. Finally, Wall Street Zen cut shares of Babcock from a “buy” rating to a “hold” rating in a research note 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. Based on data from MarketBeat.com, Babcock has a consensus rating of “Hold” and a consensus price target 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.