Thompson Davis & CO. Inc. Takes Position in Babcock & Wilcox Enterprises, Inc. (NYSE:BW)

Thompson Davis & CO. Inc. purchased a new position in shares of Babcock & Wilcox Enterprises, Inc. (NYSE:BW) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,000 shares of the technology company’s stock, valued at approximately $41,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its holdings in Babcock & Wilcox Enterprises by 29.3% in the first quarter. Russell Investments Group Ltd. now owns 867,520 shares of the technology company’s stock worth $980,000 after buying an additional 196,408 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Babcock & Wilcox Enterprises by 11.6% during the 1st quarter. Vanguard Group Inc. now owns 3,379,556 shares of the technology company’s stock worth $3,819,000 after purchasing an additional 352,607 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Babcock & Wilcox Enterprises by 13.0% during the 1st quarter. Acadian Asset Management LLC now owns 744,428 shares of the technology company’s stock valued at $840,000 after purchasing an additional 85,489 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of Babcock & Wilcox Enterprises in the 1st quarter valued at $122,000. Finally, Boston Partners lifted its stake in shares of Babcock & Wilcox Enterprises by 16.0% in the 1st quarter. Boston Partners now owns 318,870 shares of the technology company’s stock valued at $360,000 after purchasing an additional 43,880 shares during the last quarter. 83.17% of the stock is owned by hedge funds and other institutional investors.

Babcock & Wilcox Enterprises Stock Up 5.3 %

BW stock opened at $1.99 on Wednesday. The business’s 50-day simple moving average is $2.10 and its 200 day simple moving average is $1.62. The company has a market cap of $187.70 million, a PE ratio of -2.40 and a beta of 1.73. Babcock & Wilcox Enterprises, Inc. has a twelve month low of $0.75 and a twelve month high of $2.99.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Babcock & Wilcox Enterprises from a “hold” rating to a “sell” rating in a report on Monday.

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.