Babcock (NYSE:BW) CFO Cameron Frymyer Acquires 20,000 Shares
Babcock CFO Cameron Frymyer acquired 20,000 shares of the company's stock at an average price of $1.55 per share, totaling $31,000. This purchase increased his ownership to 153,805 shares, valued at approximately $238,397.75, marking a 14.95% increase in his position. The acquisition was disclosed to the SEC. Babcock's stock recently traded down 3.1% to $1.4150, with a market cap of $143.06 million. The company reported a quarterly EPS of ($0.10), missing estimates, and has a consensus rating of "Moderate Buy" with a target price of $3.00.
Babcock (NYSE:BW - Get Free Report) CFO Cameron Frymyer acquired 20,000 shares of Babcock stock in a transaction that occurred on Tuesday, August 19th. The stock was bought at an average cost of $1.55 per share, with a total value of $31,000.00. Following the acquisition, the chief financial officer directly owned 153,805 shares of the company's stock, valued at approximately $238,397.75. This trade represents a 14.95% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Babcock Trading Down 3.1%
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Shares of NYSE BW traded down $0.0450 during midday trading on Wednesday, reaching $1.4150. The company's stock had a trading volume of 455,108 shares, compared to its average volume of 1,716,807. The company has a 50 day moving average price of $1.11 and a 200 day moving average price of $0.91. Babcock has a one year low of $0.2241 and a one year high of $2.99. The company has a market cap of $143.06 million, a price-to-earnings ratio of -0.83 and a beta of 1.72.
Babcock (NYSE:BW - Get Free Report) last released its earnings results on Monday, August 11th. The technology company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.02). The company had revenue of $144.10 million for the quarter, compared to analyst estimates of $182.07 million.
Analyst Upgrades and Downgrades
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Separately, Wall Street Zen lowered Babcock from a "hold" rating to a "sell" rating in a research note on Saturday. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Babcock has a consensus rating of "Moderate Buy" and a consensus target price of $3.00.
Check Out Our Latest Analysis on BW
Hedge Funds Weigh In On Babcock
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A number of large investors have recently made changes to their positions in the business. CastleKnight Management LP increased its holdings in shares of Babcock by 7.2% in the 4th quarter. CastleKnight Management LP now owns 7,213,690 shares of the technology company's stock valued at $11,830,000 after purchasing an additional 487,516 shares during the period. Gendell Jeffrey L increased its holdings in shares of Babcock by 49.2% in the 2nd quarter. Gendell Jeffrey L now owns 2,574,848 shares of the technology company's stock valued at $2,477,000 after purchasing an additional 849,602 shares during the period. Acadian Asset Management LLC grew its stake in shares of Babcock by 13.6% in the 1st quarter. Acadian Asset Management LLC now owns 1,985,590 shares of the technology company's stock valued at $1,333,000 after buying an additional 237,797 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Babcock by 1.3% in the 1st quarter. Russell Investments Group Ltd. now owns 1,724,713 shares of the technology company's stock valued at $1,160,000 after buying an additional 22,452 shares in the last quarter. Finally, Brightline Capital Management LLC grew its stake in shares of Babcock by 2.6% in the 1st quarter. Brightline Capital Management LLC now owns 1,550,000 shares of the technology company's stock valued at $1,042,000 after buying an additional 40,000 shares in the last quarter. Institutional investors and hedge funds own 83.17% of the company's stock.
About Babcock
(Get Free Report)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.
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