Babcock & Wilcox Enterprises (NYSE:BW) Downgraded to Sell at StockNews.com

StockNews.com cut shares of Babcock & Wilcox Enterprises (NYSE:BW) from a hold rating to a sell rating in a research note published on Wednesday morning.

Separately, DA Davidson lowered their price objective on Babcock & Wilcox Enterprises from $4.00 to $3.50 and set a buy rating for the company in a research note on Tuesday, March 19th.

Babcock & Wilcox Enterprises Stock Up 3.8 %

Shares of Babcock & Wilcox Enterprises stock opened at $1.23 on Wednesday. The company has a market cap of $109.61 million, a PE ratio of -0.52 and a beta of 1.37. Babcock & Wilcox Enterprises has a 52 week low of $0.75 and a 52 week high of $6.64. The business has a 50 day moving average price of $1.24 and a 200-day moving average price of $1.99.

Insider Transactions at Babcock & Wilcox Enterprises

In other Babcock & Wilcox Enterprises news, CEO Kenneth M. Young purchased 29,229 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was bought at an average cost of $1.03 per share, with a total value of $30,105.87. Following the completion of the transaction, the chief executive officer now owns 241,745 shares of the company’s stock, valued at approximately $248,997.35. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 59,229 shares of company stock valued at $62,006 over the last ninety days. 3.19% of the stock is currently owned by insiders.

Institutional Trading of Babcock & Wilcox Enterprises

A number of institutional investors and hedge funds have recently modified their holdings of BW. JPMorgan Chase & Co. increased its position in shares of Babcock & Wilcox Enterprises by 21.6% during the first quarter. JPMorgan Chase & Co. now owns 26,034 shares of the technology company’s stock valued at $212,000 after acquiring an additional 4,632 shares during the last quarter. Private Advisor Group LLC purchased a new stake in shares of Babcock & Wilcox Enterprises during the first quarter valued at approximately $91,000. MetLife Investment Management LLC increased its position in shares of Babcock & Wilcox Enterprises by 11.7% during the first quarter. MetLife Investment Management LLC now owns 21,933 shares of the technology company’s stock valued at $179,000 after acquiring an additional 2,305 shares during the last quarter. Rhumbline Advisers grew its holdings in Babcock & Wilcox Enterprises by 10.5% during the first quarter. Rhumbline Advisers now owns 65,696 shares of the technology company’s stock valued at $536,000 after purchasing an additional 6,267 shares during the period. Finally, Sei Investments Co. grew its holdings in Babcock & Wilcox Enterprises by 18.6% during the first quarter. Sei Investments Co. now owns 35,284 shares of the technology company’s stock valued at $306,000 after purchasing an additional 5,538 shares during the period. 83.17% of the stock is owned by hedge funds and other institutional investors.

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.