Babcock & Wilcox Enterprises (NYSE:BW) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Babcock & Wilcox Enterprises (NYSE:BW – Get Rating) in a research note issued on Thursday. The firm set a “sell” rating on the technology company’s stock.

Separately, TheStreet cut shares of Babcock & Wilcox Enterprises from a “c-” rating to a “d+” rating in a research note on Friday, November 25th.

Babcock & Wilcox Enterprises Stock Performance

NYSE:BW opened at $5.38 on Thursday. Babcock & Wilcox Enterprises has a 1 year low of $3.89 and a 1 year high of $9.08. The firm has a 50 day moving average of $6.33 and a 200-day moving average of $6.15. The company has a current ratio of 1.56, a quick ratio of 1.25 and a debt-to-equity ratio of 11.36. The stock has a market capitalization of $476.83 million, a P/E ratio of -35.87 and a beta of 1.95.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of BW. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Babcock & Wilcox Enterprises by 13.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,128 shares of the technology company’s stock valued at $82,000 after purchasing an additional 1,715 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Babcock & Wilcox Enterprises by 2.9% in the second quarter. Rhumbline Advisers now owns 67,578 shares of the technology company’s stock valued at $407,000 after purchasing an additional 1,882 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Babcock & Wilcox Enterprises by 0.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 392,195 shares of the technology company’s stock valued at $3,200,000 after purchasing an additional 2,045 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Babcock & Wilcox Enterprises by 11.7% in the first quarter. MetLife Investment Management LLC now owns 21,933 shares of the technology company’s stock valued at $179,000 after purchasing an additional 2,305 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Babcock & Wilcox Enterprises by 7.5% in the fourth quarter. JPMorgan Chase & Co. now owns 35,999 shares of the technology company’s stock valued at $208,000 after purchasing an additional 2,526 shares in the last quarter. Institutional investors own 83.93% of the company’s stock.

About Babcock & Wilcox Enterprises

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Babcock & Wilcox Enterprises, Inc engages in the provision of fossil and renewable power generation and environmental equipment. It operates through the following segments: B&W Renewable, B&W Environmental, and B&W Thermal. The B&W Renewable segment supports a circular economy, diverting waste from landfills to use for power generation and replacing fossil fuels, while recovering metals and reducing emissions.