Babcock (NYSE:BW – Get Free Report) was the recipient of unusually large options trading activity on Friday. Traders purchased 9,536 put options on the company. This is an increase of 85% compared to the average volume of 5,141 put options.
Institutional Investors Weigh In On Babcock
Large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc grew its stake in shares of Babcock by 10.8% in the fourth quarter. Legal & General Group Plc now owns 5,380,991 shares of the technology company’s stock worth $34,115,000 after purchasing an additional 523,776 shares during the last quarter. Gendell Jeffrey L grew its holdings in Babcock by 6.2% in the fourth quarter. Gendell Jeffrey L now owns 5,046,068 shares of the technology company’s stock worth $31,992,000 after purchasing an additional 293,245 shares during the period. Vanguard Group Inc. increased its position in Babcock by 54.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,423,243 shares of the technology company’s stock valued at $12,827,000 after buying an additional 1,556,692 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Babcock by 42.4% during the fourth quarter. Marshall Wace LLP now owns 3,371,134 shares of the technology company’s stock valued at $21,373,000 after acquiring an additional 1,004,533 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Babcock by 777.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,974,324 shares of the technology company’s stock worth $43,693,000 after buying an additional 2,635,304 shares during the last quarter. Institutional investors own 83.17% of the company’s stock.
Babcock Price Performance
BW stock traded up $0.72 during mid-day trading on Friday, hitting $10.07. 2,315,689 shares of the stock were exchanged, compared to its average volume of 4,015,933. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of -55.85 and a beta of 1.21. The business has a fifty day moving average price of $12.25 and a 200 day moving average price of $13.64. Babcock has a 12 month low of $1.40 and a 12 month high of $22.03.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the company. Weiss Ratings upgraded Babcock from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Tuesday. Wall Street Zen lowered shares of Babcock from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Northland Securities set a $23.00 target price on Babcock in a research note on Tuesday, May 12th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $14.25.
View Our Latest Stock Analysis on Babcock
Babcock Company 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.
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