Babcock (NYSE:BW) Shares Down 9.3% – Here’s Why

Babcock (NYSE:BW) shares dropped 9.3% during trading on Friday. The company traded as low as $4.44 and last traded at $4.4080. Approximately 678,779 shares were traded during trading, a decline of 84% from the average daily volume of 4,336,982 shares. The stock had previously closed at $4.86.

Recent Babcock Headlines

Investors following BW have been watching these headlines:

• Positive Sentiment: Insiders made several recent purchases: CEO Kenneth Young bought 10,000 shares at $4.35, directors Joseph Tato and Philip Moeller bought 10,000 and 3,000 shares, respectively, and major shareholder BRC Group Holdings acquired 130,000 shares at $4.98. The cluster of buying may signal confidence in the company. CEO SEC filing BRC SEC filing
• Positive Sentiment: Northland Securities raised its FY2026 EPS estimate to $0.79 from $0.27 and its FY2027 estimate to $0.56 from $0.54, a potentially supportive revision to earnings expectations.
• Negative Sentiment: Analyst price-target and fair-value reductions weighed on sentiment. Needham cut its target to $15 from $20 but maintained a Buy rating; another report also flagged reduced fair value after target trims. Needham target report Fair-value report

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wall Street Zen lowered Babcock from a “buy” rating to a “hold” rating in a research note on Sunday, August 23rd. Needham & Company LLC dropped their target price on shares of Babcock from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, November 10th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Babcock in a research note on Wednesday, November 4th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $19.00.

Babcock Price Performance

The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.33 and a current ratio of 1.79. The stock has a market capitalization of $661.07 million, a P/E ratio of -9.88 and a beta of 1.24. The firm has a 50-day moving average price of $5.46 and a 200 day moving average price of $11.19.

Insiders Place Their Bets

In other Babcock news, CEO Kenneth M. Young bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 13th. The shares were bought at an average price of $4.35 per share, for a total transaction of $43,500.00. Following the transaction, the chief executive officer directly owned 1,719,254 shares in the company, valued at $7,478,754.90. This trade represents a 0.59% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Brc Group Holdings, Inc. purchased 130,000 shares of the business’s stock in a transaction on Wednesday, November 11th. The shares were acquired at an average price of $4.98 per share, with a total value of $647,400.00. Following the completion of the transaction, the insider owned 103,810 shares of the company’s stock, valued at approximately $516,973.80. This trade represents a -496.37% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have acquired 153,000 shares of company stock valued at $757,550. 2.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Babcock

A number of large investors have recently bought and sold shares of BW. Integrated Wealth Concepts LLC purchased a new stake in Babcock during the 2nd quarter valued at $25,000. Royal Bank of Canada lifted its stake in Babcock by 57.3% in the first 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. State of Alaska Department of Revenue purchased a new stake in Babcock in the third quarter worth $50,000. Steward Partners Investment Advisory LLC boosted its holdings in Babcock by 4,307.5% in the third quarter. Steward Partners Investment Advisory LLC now owns 8,815 shares of the technology company’s stock valued at $51,000 after acquiring an additional 8,615 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in Babcock by 62.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 16,460 shares of the technology company’s stock valued at $96,000 after acquiring an additional 6,300 shares in the last quarter. 83.17% of the stock is owned by hedge funds and other institutional investors.

About Babcock

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.