Henry E. Bartoli Purchases 10,000 Shares of Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Stock

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Director Henry E. Bartoli acquired 10,000 shares of Babcock & Wilcox Enterprises stock in a transaction on Thursday, November 16th. The shares were bought at an average cost of $1.51 per share, for a total transaction of $15,100.00. Following the completion of the purchase, the director now directly owns 278,049 shares of the company’s stock, valued at $419,853.99. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Babcock & Wilcox Enterprises Stock Performance

BW opened at $1.78 on Friday. The stock has a market cap of $159.08 million, a price-to-earnings ratio of -1.11 and a beta of 2.09. The stock’s 50 day moving average price is $3.17 and its 200-day moving average price is $4.75. Babcock & Wilcox Enterprises, Inc. has a one year low of $0.96 and a one year high of $6.83.

Babcock & Wilcox Enterprises (NYSE:BW) last released its earnings results on Thursday, November 9th. The technology company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.27). The business had revenue of $239.40 million for the quarter, compared to the consensus estimate of $300.00 million. Babcock & Wilcox Enterprises had a negative net margin of 12.25% and a negative return on equity of 3,839.48%. As a group, analysts predict that Babcock & Wilcox Enterprises, Inc. will post -0.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Neuberger Berman Group LLC grew its stake in Babcock & Wilcox Enterprises by 5.8% in the third quarter. Neuberger Berman Group LLC now owns 6,145,694 shares of the technology company’s stock worth $39,272,000 after purchasing an additional 339,045 shares in the last quarter. BlackRock Inc. grew its stake in Babcock & Wilcox Enterprises by 5.8% in the second quarter. BlackRock Inc. now owns 4,331,351 shares of the technology company’s stock worth $25,555,000 after purchasing an additional 239,331 shares in the last quarter. Vanguard Group Inc. grew its stake in Babcock & Wilcox Enterprises by 23.5% in the third quarter. Vanguard Group Inc. now owns 3,284,462 shares of the technology company’s stock worth $20,955,000 after purchasing an additional 625,418 shares in the last quarter. Vantage Consulting Group Inc bought a new position in Babcock & Wilcox Enterprises in the second quarter worth approximately $14,256,000. Finally, Emerald Advisers LLC grew its stake in Babcock & Wilcox Enterprises by 22.4% in the first quarter. Emerald Advisers LLC now owns 2,270,675 shares of the technology company’s stock worth $13,760,000 after purchasing an additional 416,303 shares in the last quarter. Institutional investors own 85.81% of the company’s stock.

Analyst Upgrades and Downgrades

BW has been the topic of several analyst reports. Craig Hallum cut Babcock & Wilcox Enterprises from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $10.00 to $2.00 in a research note on Friday, November 10th. StockNews.com cut Babcock & Wilcox Enterprises from a “hold” rating to a “sell” rating in a research note on Monday, November 13th.

Babcock & Wilcox Enterprises Company Profile

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.