Babcock & Wilcox Enterprises Inc (NYSE:BW) Major Shareholder Steel Partners Holdings L.P. Buys 182,794 Shares

Babcock & Wilcox Enterprises Inc (NYSE:BW) major shareholder Steel Partners Holdings L.P. bought 182,794 shares of the company’s stock in a transaction dated Tuesday, March 13th. The shares were purchased at an average price of $6.25 per share, with a total value of $1,142,462.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Steel Partners Holdings L.P. also recently made the following trade(s):

How to Become a New Pot Stock Millionaire
  • On Friday, March 9th, Steel Partners Holdings L.P. bought 495,796 shares of Babcock & Wilcox Enterprises stock. The shares were purchased at an average price of $6.13 per share, with a total value of $3,039,229.48.
  • On Tuesday, March 6th, Steel Partners Holdings L.P. bought 492,667 shares of Babcock & Wilcox Enterprises stock. The shares were purchased at an average price of $5.63 per share, with a total value of $2,773,715.21.
  • On Friday, February 23rd, Steel Partners Holdings L.P. bought 200,000 shares of Babcock & Wilcox Enterprises stock. The shares were purchased at an average price of $6.89 per share, with a total value of $1,378,000.00.
  • On Monday, February 12th, Steel Partners Holdings L.P. bought 41,456 shares of Babcock & Wilcox Enterprises stock. The shares were purchased at an average price of $5.90 per share, with a total value of $244,590.40.
  • On Thursday, February 8th, Steel Partners Holdings L.P. acquired 100,000 shares of Babcock & Wilcox Enterprises stock. The stock was bought at an average price of $5.60 per share, with a total value of $560,000.00.

Shares of BW opened at $3.81 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.98 and a debt-to-equity ratio of 0.49. Babcock & Wilcox Enterprises Inc has a one year low of $1.61 and a one year high of $12.06. The stock has a market capitalization of $165.76, a price-to-earnings ratio of -0.95 and a beta of 1.82.

Babcock & Wilcox Enterprises (NYSE:BW) last issued its quarterly earnings data on Thursday, March 1st. The technology company reported ($0.95) EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 company had revenue of $408.10 million during the quarter, compared to analysts’ expectations of $432.71 million. During the same quarter last year, the business earned ($1.60) earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis.

Several hedge funds and other institutional investors have recently made changes to their positions in BW. Stone Ridge Asset Management LLC bought a new position in shares of Babcock & Wilcox Enterprises during the fourth quarter valued at approximately $106,000. Public Employees Retirement System of Ohio increased its stake in shares of Babcock & Wilcox Enterprises by 30.9% during the second quarter. Public Employees Retirement System of Ohio now owns 9,330 shares of the technology company’s stock valued at $110,000 after purchasing an additional 2,200 shares in the last quarter. MetLife Investment Advisors LLC bought a new position in shares of Babcock & Wilcox Enterprises during the fourth quarter valued at approximately $128,000. BlueCrest Capital Management Ltd bought a new position in shares of Babcock & Wilcox Enterprises during the fourth quarter valued at approximately $143,000. Finally, OppenheimerFunds Inc. bought a new position in shares of Babcock & Wilcox Enterprises during the fourth quarter valued at approximately $165,000. 77.20% of the stock is owned by institutional investors and hedge funds.

Several analysts have commented on the stock. Zacks Investment Research lowered shares of Babcock & Wilcox Enterprises from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. Credit Suisse Group lowered their price objective on shares of Babcock & Wilcox Enterprises from $4.30 to $3.50 and set an “underperform” rating for the company in a report on Monday, March 19th. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $7.13.

WARNING: “Babcock & Wilcox Enterprises Inc (NYSE:BW) Major Shareholder Steel Partners Holdings L.P. Buys 182,794 Shares” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/04/07/insider-buying-babcock-wilcox-enterprises-inc-bw-major-shareholder-purchases-182794-shares-of-stock.html.

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.

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 MarketBeat.com's FREE daily email newsletter.

Leave a Reply