Thompson Davis & CO. Inc. Makes New Investment in Babcock & Wilcox Enterprises, Inc. (NYSE:BW)

Thompson Davis & CO. Inc. acquired a new stake in Babcock & Wilcox Enterprises, Inc. (NYSE:BW) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 20,000 shares of the technology company’s stock, valued at approximately $41,000.

A number of other hedge funds have also modified their holdings of the stock. Delta Financial Group Inc. boosted its position in Babcock & Wilcox Enterprises by 90.9% in the third quarter. Delta Financial Group Inc. now owns 21,000 shares of the technology company’s stock valued at $43,000 after buying an additional 10,000 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of Babcock & Wilcox Enterprises in the 2nd quarter worth approximately $42,000. Verus Capital Partners LLC bought a new stake in Babcock & Wilcox Enterprises during the 3rd quarter worth approximately $73,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Babcock & Wilcox Enterprises during the 2nd quarter valued at $130,000. Finally, Tidal Investments LLC acquired a new stake in Babcock & Wilcox Enterprises during the 1st quarter valued at $122,000. 83.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Babcock & Wilcox Enterprises Price Performance

Shares of Babcock & Wilcox Enterprises stock opened at $1.99 on Wednesday. The firm has a 50 day simple moving average of $2.10 and a 200 day simple moving average of $1.62. Babcock & Wilcox Enterprises, Inc. has a fifty-two week low of $0.75 and a fifty-two week high of $2.99. The firm has a market cap of $187.70 million, a P/E ratio of -2.40 and a beta of 1.73.

Babcock & Wilcox Enterprises 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.