Babcock & Wilcox Enterprises (BW) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of Babcock & Wilcox Enterprises (NYSE:BW) from a hold rating to a sell rating in a report released on Thursday morning.

According to Zacks, “Babcock & Wilcox Enterprises, Inc. offers energy technology and services primarily for the nuclear, fossil and renewable power markets as well as a premier advanced technology and mission critical defense contractor. Babcock & Wilcox Enterprises, Inc. is headquartered in Charlotte, N.C. “

Babcock & Wilcox Enterprises (BW) opened at $6.42 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.98 and a quick ratio of 1.03. Babcock & Wilcox Enterprises has a 12-month low of $1.61 and a 12-month high of $12.06. The stock has a market cap of $282.80 and a P/E ratio of -0.95.

Babcock & Wilcox Enterprises (NYSE:BW) last issued its quarterly earnings data on Thursday, March 1st. The technology company reported ($0.95) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.89). Babcock & Wilcox Enterprises had a negative return on equity of 53.87% and a negative net margin of 24.38%. The firm had revenue of $408.10 million during the quarter, compared to analysts’ expectations of $432.71 million. During the same period in the previous year, the firm earned ($1.60) EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. research analysts forecast that Babcock & Wilcox Enterprises will post 0.28 earnings per share for the current year.

In related news, major shareholder Steel Partners Holdings L.P. bought 495,796 shares of the stock in a transaction that occurred on Friday, March 9th. The stock was bought at an average cost of $6.13 per share, for a total transaction of $3,039,229.48. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders purchased a total of 1,329,919 shares of company stock valued at $7,995,535 over the last quarter. 2.50% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in BW. Stone Ridge Asset Management LLC acquired a new stake in Babcock & Wilcox Enterprises in the 4th quarter worth approximately $106,000. Public Employees Retirement System of Ohio boosted its stake in Babcock & Wilcox Enterprises by 30.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,330 shares of the technology company’s stock worth $110,000 after purchasing an additional 2,200 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in Babcock & Wilcox Enterprises in the 4th quarter worth approximately $128,000. BlueCrest Capital Management Ltd acquired a new stake in Babcock & Wilcox Enterprises in the 4th quarter worth approximately $143,000. Finally, OppenheimerFunds Inc. acquired a new stake in Babcock & Wilcox Enterprises in the 4th quarter worth approximately $165,000. Institutional investors own 77.30% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by Markets Daily and is the sole property of of Markets Daily. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece of content can be accessed at

Babcock & Wilcox Enterprises Company Profile

Babcock & Wilcox Enterprises, Inc is a technology-based provider of fossil and renewable power generation and environmental equipment that includes a suite of boiler products and environmental systems, and services for power and industrial uses. The Company operates in three segments: Power, Renewable and Industrial.

Get a free copy of the Zacks research report on Babcock & Wilcox Enterprises (BW)

For more information about research offerings from Zacks Investment Research, visit

Receive News & Ratings for Babcock & Wilcox Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Babcock & Wilcox Enterprises and related companies with's FREE daily email newsletter.

Leave a Reply