Babcock & Wilcox Enterprises, Inc. (NYSE:BW - Free Report) - Investment analysts at B. Riley dropped their FY2025 earnings per share (EPS) estimates for shares of Babcock & Wilcox Enterprises in a report issued on Wednesday, November 13th. B. Riley analyst A. Rygiel now expects that the technology company will post earnings of $0.10 per share for the year, down from their prior forecast of $0.19. The consensus estimate for Babcock & Wilcox Enterprises' current full-year earnings is ($0.03) per share.
Separately, StockNews.com raised Babcock & Wilcox Enterprises from a "sell" rating to a "hold" rating in a research note on Thursday, August 15th.
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Babcock & Wilcox Enterprises Stock Performance
Shares of NYSE:BW traded up $0.03 during midday trading on Thursday, reaching $1.84. The company's stock had a trading volume of 2,704,199 shares, compared to its average volume of 1,434,767. The firm has a market capitalization of $169.64 million, a price-to-earnings ratio of -2.42 and a beta of 1.73. The firm has a 50 day moving average price of $2.04 and a two-hundred day moving average price of $1.59. Babcock & Wilcox Enterprises has a fifty-two week low of $0.75 and a fifty-two week high of $2.99.
Institutional Trading of Babcock & Wilcox Enterprises
Several institutional investors and hedge funds have recently modified their holdings of the stock. Walleye Capital LLC bought a new position in shares of Babcock & Wilcox Enterprises in the third quarter valued at approximately $117,000. Thompson Davis & CO. Inc. purchased a new stake in shares of Babcock & Wilcox Enterprises during the third quarter worth $41,000. Verus Capital Partners LLC purchased a new stake in shares of Babcock & Wilcox Enterprises during the third quarter worth $73,000. GSA Capital Partners LLP lifted its position in shares of Babcock & Wilcox Enterprises by 1.5% during the third 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, Assenagon Asset Management S.A. lifted its position in shares of Babcock & Wilcox Enterprises by 91.2% during the third quarter. Assenagon Asset Management S.A. now owns 2,251,498 shares of the technology company's stock worth $4,593,000 after acquiring an additional 1,073,775 shares in the last quarter. 83.17% of the stock is owned by hedge funds and other institutional investors.
About Babcock & Wilcox Enterprises
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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.
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