Babcock & Wilcox Enterprises (NYSE:BW) Price Target Cut to $5.00 by Analysts at Lake Street Capital

Babcock & Wilcox Enterprises (NYSE:BW) had its price objective reduced by Lake Street Capital from $8.00 to $5.00 in a research report report published on Tuesday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Separately, StockNews.com upgraded shares of Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a research note on Thursday, March 20th.

Babcock & Wilcox Enterprises Price Performance

NYSE BW opened at $0.46 on Tuesday. The stock has a market capitalization of $43.10 million, a price-to-earnings ratio of -0.55 and a beta of 1.84. Babcock & Wilcox Enterprises has a 1-year low of $0.45 and a 1-year high of $2.99. The business’s fifty day moving average price is $1.13 and its 200-day moving average price is $1.67.

Babcock & Wilcox Enterprises (NYSE:BW) last posted its earnings results on Monday, March 31st. The technology company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.42). The business had revenue of $200.80 million during the quarter, compared to the consensus estimate of $213.07 million.

Hedge Funds Weigh In On Babcock & Wilcox Enterprises

A number of institutional investors have recently bought and sold shares of BW. Thompson Davis & CO. Inc. grew its holdings in Babcock & Wilcox Enterprises by 50.0% during the fourth quarter. Thompson Davis & CO. Inc. now owns 30,000 shares of the technology company’s stock valued at $49,000 after purchasing an additional 10,000 shares during the period. Geode Capital Management LLC lifted its position in shares of Babcock & Wilcox Enterprises by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 614,043 shares of the technology company’s stock valued at $1,253,000 after buying an additional 12,159 shares in the last quarter. Two Sigma Advisers LP grew its stake in shares of Babcock & Wilcox Enterprises by 106.7% during the 4th quarter. Two Sigma Advisers LP now owns 26,734 shares of the technology company’s stock valued at $44,000 after acquiring an additional 13,800 shares during the period. BNP Paribas Financial Markets bought a new position in shares of Babcock & Wilcox Enterprises during the 4th quarter valued at approximately $27,000. Finally, Northern Trust Corp increased its holdings in Babcock & Wilcox Enterprises by 13.8% in the 4th quarter. Northern Trust Corp now owns 146,996 shares of the technology company’s stock worth $241,000 after acquiring an additional 17,860 shares in the last quarter. 83.17% of the stock is owned by institutional investors.

About Babcock & Wilcox Enterprises

Babcock & Wilcox Enterprises, Inc engages in the provision of fossil and renewable power generation and environmental equipment. It operates through the following segments: B&W Renewable, B&W Environmental, and B&W Thermal. The B&W Renewable segment supports a circular economy, diverting waste from landfills to use for power generation and replacing fossil fuels, while recovering metals and reducing emissions.