Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Stock Holdings Boosted by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in Babcock & Wilcox Enterprises, Inc. (NYSE:BW) by 11.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,379,556 shares of the technology company’s stock after purchasing an additional 352,607 shares during the quarter. Vanguard Group Inc. owned about 3.78% of Babcock & Wilcox Enterprises worth $3,819,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. B. Riley Financial Inc. grew its stake in shares of Babcock & Wilcox Enterprises by 0.6% in the fourth quarter. B. Riley Financial Inc. now owns 27,446,522 shares of the technology company’s stock worth $40,072,000 after purchasing an additional 157,883 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Babcock & Wilcox Enterprises by 29.3% during the 1st quarter. Russell Investments Group Ltd. now owns 867,520 shares of the technology company’s stock valued at $980,000 after buying an additional 196,408 shares during the period. Los Angeles Capital Management LLC raised its position in shares of Babcock & Wilcox Enterprises by 116.9% during the 4th quarter. Los Angeles Capital Management LLC now owns 746,421 shares of the technology company’s stock worth $1,090,000 after buying an additional 402,350 shares in the last quarter. CastleKnight Management LP acquired a new stake in shares of Babcock & Wilcox Enterprises in the 4th quarter worth approximately $744,000. Finally, Boston Partners bought a new position in shares of Babcock & Wilcox Enterprises in the fourth quarter valued at approximately $401,000. 83.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BW shares. StockNews.com upgraded Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a research report on Thursday. Craig Hallum raised their target price on Babcock & Wilcox Enterprises from $1.50 to $2.00 and gave the company a “hold” rating in a research note on Monday, July 8th.

Babcock & Wilcox Enterprises Stock Performance

Shares of NYSE:BW opened at $1.02 on Monday. The stock has a market capitalization of $92.83 million, a price-to-earnings ratio of -0.42 and a beta of 1.72. Babcock & Wilcox Enterprises, Inc. has a 1-year low of $0.75 and a 1-year high of $5.54. The company has a 50 day moving average price of $1.52 and a 200 day moving average price of $1.29.

About Babcock & Wilcox Enterprises

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.