Louis Salamone, Jr. Purchases 50,000 Shares of Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Stock

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) CFO Louis Salamone, Jr. bought 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were purchased at an average price of $1.15 per share, for a total transaction of $57,500.00. Following the transaction, the chief financial officer now owns 632,711 shares of the company’s stock, valued at approximately $727,617.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Babcock & Wilcox Enterprises Stock Performance

BW stock opened at $1.38 on Wednesday. Babcock & Wilcox Enterprises, Inc. has a 52 week low of $0.96 and a 52 week high of $6.83. The business has a fifty day simple moving average of $3.38 and a 200-day simple moving average of $4.83.

Babcock & Wilcox Enterprises (NYSE:BW) last released its quarterly earnings data on Thursday, November 9th. The technology company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.27). Babcock & Wilcox Enterprises had a negative net margin of 12.25% and a negative return on equity of 3,839.48%. The firm had revenue of $239.40 million during the quarter, compared to analyst estimates of $300.00 million. Research analysts expect that Babcock & Wilcox Enterprises, Inc. will post -0.1 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on BW. Craig Hallum downgraded Babcock & Wilcox Enterprises from a “buy” rating to a “hold” rating and lowered their price objective for the company from $10.00 to $2.00 in a research report on Friday, November 10th. StockNews.com cut Babcock & Wilcox Enterprises from a “hold” rating to a “sell” rating in a report on Monday.

Hedge Funds Weigh In On Babcock & Wilcox Enterprises

Several hedge funds and other institutional investors have recently made changes to their positions in BW. Rhumbline Advisers boosted its holdings in Babcock & Wilcox Enterprises by 2.9% in the 2nd quarter. Rhumbline Advisers now owns 67,578 shares of the technology company’s stock worth $407,000 after acquiring an additional 1,882 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in Babcock & Wilcox Enterprises by 0.5% during the 1st 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 stake in Babcock & Wilcox Enterprises by 11.7% during the 1st quarter. MetLife Investment Management LLC now owns 21,933 shares of the technology company’s stock worth $179,000 after buying an additional 2,305 shares during the period. Royal Bank of Canada lifted its holdings in Babcock & Wilcox Enterprises by 65.5% in the 2nd quarter. Royal Bank of Canada now owns 5,966 shares of the technology company’s stock worth $35,000 after buying an additional 2,362 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Babcock & Wilcox Enterprises by 7.5% in the 4th quarter. JPMorgan Chase & Co. now owns 35,999 shares of the technology company’s stock valued at $208,000 after buying an additional 2,526 shares during the last quarter. Institutional investors and hedge funds own 85.81% of the company’s stock.

About Babcock & Wilcox Enterprises

Babcock & Wilcox Enterprises, Inc, together with its subsidiaries, provides energy and emissions control solutions to a range of industrial, electrical utility, municipal, and other customers worldwide. The company operates through three segments: Babcock & Wilcox Renewable; Babcock & Wilcox Environmental; and Babcock & Wilcox Thermal.