Babcock Target of Unusually Large Options Trading (NYSE:BW)

by · The Cerbat Gem

Babcock (NYSE:BWGet Free Report) was the target of some unusual options trading on Friday. Traders bought 9,884 call options on the stock. This is an increase of 94% compared to the average daily volume of 5,103 call options.

Insider Buying and Selling at Babcock

In other Babcock news, Director Philip Moeller acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were purchased at an average price of $9.50 per share, with a total value of $47,500.00. Following the completion of the acquisition, the director directly owned 240,809 shares of the company’s stock, valued at approximately $2,287,685.50. The trade was a 2.12% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 2.80% of the stock is currently owned by company insiders.

Institutional Trading of Babcock

Several large investors have recently bought and sold shares of BW. Legal & General Group Plc grew its stake in Babcock by 10.8% in the 4th quarter. Legal & General Group Plc now owns 5,380,991 shares of the technology company’s stock valued at $34,115,000 after acquiring an additional 523,776 shares during the last quarter. Gendell Jeffrey L raised its position in Babcock by 6.2% during the fourth quarter. Gendell Jeffrey L now owns 5,046,068 shares of the technology company’s stock worth $31,992,000 after acquiring an additional 293,245 shares during the last quarter. Vanguard Group Inc. raised its position in Babcock by 54.3% during the third quarter. Vanguard Group Inc. now owns 4,423,243 shares of the technology company’s stock worth $12,827,000 after acquiring an additional 1,556,692 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Babcock by 42.4% in the fourth quarter. Marshall Wace LLP now owns 3,371,134 shares of the technology company’s stock valued at $21,373,000 after purchasing an additional 1,004,533 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Babcock by 777.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,974,324 shares of the technology company’s stock valued at $43,693,000 after purchasing an additional 2,635,304 shares in the last quarter. Institutional investors and hedge funds own 83.17% of the company’s stock.

Analyst Ratings Changes

BW has been the subject of several research analyst reports. Wall Street Zen cut Babcock from a “buy” rating to a “hold” rating in a research report on Sunday, August 23rd. Needham & Company LLC began coverage on shares of Babcock in a research note on Monday, August 31st. They set a “buy” rating and a $20.00 price target on the stock. Finally, Weiss Ratings upgraded shares of Babcock from a “sell (d-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $15.40.

View Our Latest Research Report on BW

Babcock Price Performance

Shares of BW stock traded up $0.52 during midday trading on Friday, reaching $7.69. 1,574,126 shares of the company traded hands, compared to its average volume of 4,076,073. The firm’s 50 day simple moving average is $9.23 and its two-hundred day simple moving average is $13.39. The firm has a market cap of $1.15 billion, a PE ratio of -42.73 and a beta of 1.19. The company has a debt-to-equity ratio of 4.21, a current ratio of 1.45 and a quick ratio of 1.33. Babcock has a 1-year low of $2.44 and a 1-year high of $22.03.

Babcock (NYSE:BWGet Free Report) last released its quarterly earnings results on Monday, August 10th. The technology company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Babcock had a negative return on equity of 4.51% and a negative net margin of 2.17%.The business had revenue of $319.72 million for the quarter, compared to analysts’ expectations of $196.95 million. On average, equities research analysts expect that Babcock will post 0.27 EPS for the current fiscal year.

Babcock Company Profile

(Get Free Report)

Babcock & Wilcox Enterprises, Inc (NYSE: BW) is a specialized provider of energy and environmental technologies and services serving power generation and heavy industrial markets. The company designs, manufactures and maintains critical components and systems that support the safe and efficient operation of both fossil-fuel and renewable power facilities. Its core offerings include industrial and utility boilers, environmental control systems for emissions reduction, and aftermarket support services ranging from inspection and maintenance to spare parts management.

In addition to its boiler and emissions control portfolio, Babcock & Wilcox Enterprises delivers lifecycle solutions aimed at enhancing plant performance and compliance.

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