Babcock (NYSE:BW) CEO Purchases 10,000 Shares of Stock

Babcock (NYSE:BW) CEO Kenneth Young purchased 10,000 shares of the stock in a transaction dated Friday, November 13th. The stock was purchased at an average price of $4.35 per share, with a total value of $43,500.00. Following the completion of the acquisition, the chief executive officer directly owned 1,719,254 shares in the company, valued at approximately $7,478,754.90. The trade was a 0.59% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Babcock Stock Performance

Shares of BW stock traded down $0.42 on Friday, hitting $4.43. 3,894,702 shares of the stock traded hands, compared to its average volume of 4,352,639. The company’s fifty day moving average is $5.51 and its 200 day moving average is $11.22. Babcock has a 1-year low of $3.07 and a 1-year high of $22.03. The company has a market capitalization of $645.07 million, a PE ratio of -9.62 and a beta of 1.24. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.79 and a quick ratio of 1.33.

Babcock (NYSE:BW) last released its quarterly earnings data on Monday, August 10th. The technology company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. The firm had revenue of $319.72 million for the quarter, compared to analyst estimates of $196.95 million. Babcock had a net margin of 4.11% and a negative return on equity of 36.52%. On average, equities research analysts predict that Babcock will post 0.79 earnings per share for the current fiscal year.

Institutional Trading of Babcock

Several institutional investors have recently modified their holdings of BW. Royal Bank of Canada boosted its stake in Babcock by 57.3% during the first quarter. Royal Bank of Canada now owns 1,785 shares of the technology company’s stock valued at $26,000 after buying an additional 650 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Babcock by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 55,733 shares of the technology company’s stock valued at $819,000 after buying an additional 1,604 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Babcock during the 2nd quarter worth about $25,000. Chicago Partners Investment Group LLC grew its stake in shares of Babcock by 30.6% in the 1st quarter. Chicago Partners Investment Group LLC now owns 13,057 shares of the technology company’s stock valued at $208,000 after buying an additional 3,057 shares in the last quarter. Finally, SummitTX Capital L.P. grew its position in Babcock by 34.1% in the first quarter. SummitTX Capital L.P. now owns 17,842 shares of the technology company’s stock worth $262,000 after acquiring an additional 4,538 shares in the last quarter. Institutional investors and hedge funds own 83.17% of the company’s stock.

Wall Street Analyst Weigh In

BW has been the subject of several analyst reports. Wall Street Zen downgraded shares of Babcock from a “buy” rating to a “hold” rating in a report on Sunday, August 23rd. Weiss Ratings restated a “sell (d+)” rating on shares of Babcock in a research report on Wednesday, November 4th. Finally, Needham & Company LLC reduced their price objective on Babcock from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $19.00.

Key Stories Impacting Babcock

These are some of the BW stories that stood out recently:

• Positive Sentiment: Major shareholder BRC Group Holdings bought 130,000 shares at an average of $4.98, a potentially supportive sign of confidence. SEC filing
• Positive Sentiment: Northland Securities’ detailed estimates raised projected FY2026 EPS to $0.79 from $0.27 and FY2027 EPS to $0.56 from $0.54, though a separate headline described Northland’s estimates as cut, making the analyst news mixed.
• Negative Sentiment: Pomerantz issued an investor alert relating to a class-action lawsuit and invited investors who believe they incurred losses to contact the firm. The notice adds legal overhang but does not establish wrongdoing. Investor alert

Babcock Company Profile

Babcock & Wilcox Enterprises, Inc. is an energy and environmental technology company serving power, industrial and municipal customers. Its offerings include steam-generation equipment, emissions-control systems and related engineering, construction, maintenance and aftermarket services. The company also develops technologies for renewable and waste-to-energy applications, including systems that use biomass and municipal solid waste to produce energy. Its environmental technologies help customers manage emissions and other byproducts from energy and industrial processes.