Babcock & Wilcox Enterprises (NYSE:BW) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Babcock & Wilcox Enterprises (NYSE:BW) from a sell rating to a hold rating in a research note published on Tuesday morning.

Babcock & Wilcox Enterprises Price Performance

NYSE BW opened at $1.91 on Tuesday. The business’s 50-day simple moving average is $2.21 and its 200-day simple moving average is $1.67. The firm has a market capitalization of $179.68 million, a P/E ratio of -2.30 and a beta of 1.70. Babcock & Wilcox Enterprises has a 1-year low of $0.75 and a 1-year high of $2.99.

Hedge Funds Weigh In On Babcock & Wilcox Enterprises

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Delta Financial Group Inc. lifted its position in Babcock & Wilcox Enterprises by 90.9% during the 3rd quarter. Delta Financial Group Inc. now owns 21,000 shares of the technology company’s stock worth $43,000 after acquiring an additional 10,000 shares in the last quarter. Geode Capital Management LLC lifted its position in 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 worth $1,253,000 after acquiring an additional 12,159 shares in the last quarter. Thompson Davis & CO. Inc. acquired a new position in Babcock & Wilcox Enterprises during the 3rd quarter worth approximately $41,000. GSA Capital Partners LLP lifted its position in Babcock & Wilcox Enterprises by 1.5% during the 3rd quarter. GSA Capital Partners LLP now owns 1,469,620 shares of the technology company’s stock worth $2,998,000 after acquiring an additional 21,694 shares in the last quarter. Finally, Hilltop Holdings Inc. acquired a new position in Babcock & Wilcox Enterprises during the 3rd quarter worth approximately $49,000. 83.17% of the stock is owned by institutional investors and hedge funds.

Babcock & Wilcox Enterprises Company Profile

Babcock & Wilcox Enterprises, Inc, together with its subsidiaries, provides energy and emissions control solutions to industrial, electrical utility, municipal, and other customers worldwide. The company operates through three segments: Babcock & Wilcox Renewable; Babcock & Wilcox Environmental; and Babcock & Wilcox Thermal.