Babcock $BW Shares Purchased by Situational Awareness LP

Situational Awareness LP grew its stake in shares of Babcock (NYSE:BW) by 49.7% in the second quarter, HoldingsChannel reports. The fund owned 2,027,451 shares of the technology company’s stock after buying an additional 673,551 shares during the quarter. Babcock makes up about 0.1% of Situational Awareness LP’s portfolio, making the stock its 19th largest position. Situational Awareness LP’s holdings in Babcock were worth $28,587,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BW. Huntington National Bank lifted its position in Babcock by 400,000.0% during the 4th quarter. Huntington National Bank now owns 4,001 shares of the technology company’s stock worth $25,000 after acquiring an additional 4,000 shares in the last quarter. Rockefeller Capital Management L.P. bought a new position in shares of Babcock during the fourth quarter worth about $25,000. Royal Bank of Canada increased its holdings in shares of Babcock by 57.3% in the 1st quarter. Royal Bank of Canada now owns 1,785 shares of the technology company’s stock worth $26,000 after acquiring an additional 650 shares during the period. Centiva Capital LP bought a new stake in Babcock in the 3rd quarter valued at about $31,000. Finally, Raymond James Financial Inc. lifted its position in Babcock by 11,311.3% in the 3rd 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 during the last quarter. Institutional investors and hedge funds own 83.17% of the company’s stock.

Babcock Stock Up 1.3%

NYSE BW opened at $7.12 on Friday. Babcock has a 12 month low of $1.97 and a 12 month high of $22.03. The company has a market capitalization of $1.06 billion, a P/E ratio of -39.55 and a beta of 1.19. The company’s 50 day simple moving average is $9.84 and its 200 day simple moving average is $13.46. The company has a debt-to-equity ratio of 4.21, a current ratio of 1.45 and a quick ratio of 1.33.

Babcock (NYSE:BW) last issued its earnings results on Monday, August 10th. The technology company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $319.69 million during the quarter, compared to analysts’ expectations of $196.95 million. Babcock had a negative net margin of 2.17% and a negative return on equity of 4.51%. Equities research analysts expect that Babcock will post 0.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Babcock

In related news, Director Philip Moeller acquired 5,000 shares of Babcock stock in a transaction dated Thursday, August 13th. The stock was acquired at an average cost of $9.50 per share, with a total value of $47,500.00. Following the purchase, the director directly owned 240,809 shares in the company, valued at $2,287,685.50. The trade was a 2.12% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on BW. Weiss Ratings upgraded shares of Babcock from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Wall Street Zen cut Babcock from a “buy” rating to a “hold” rating in a report on Sunday, August 23rd. Northland Securities set a $23.00 price objective on Babcock in a research report on Tuesday, May 12th. Finally, Needham & Company LLC initiated coverage on Babcock in a report on Monday. They issued a “buy” rating and a $20.00 price objective for the company. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Babcock currently has an average rating of “Hold” and a consensus target price of $15.40.

Babcock Profile

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.