Babcock & Wilcox Co (BWC): Blue Harbour Group Boosts Activist Stake To 9.9%

Shares of Babcock & Wilcox Co (NYSE:BWC) are currently trading at $28.40. The stock moved down by over 13% since February 2014. During last one month, the stock was dropped by 5.52%. The consensus average target price for the stock is $34.18.

Other largest shareholders of Babcock & Wilcox Co (NYSE:BWC) include Michael Blitzer’s Kingstown Capital Management, which disclosed ownership of 2.0 million shares of the company as of the end of September 2014. Starboard Value LP, led by Jeffrey Smith, also sees a value in Babcock & Wilcox Co (NYSE:BWC), as the investor reported holding 3.28 million shares of the company in its latest 13F.

In November 2014, James D. Canafax, senior vice president, chief compliance officer, general counsel, secretary of Babcock & Wilcox Co (NYSE:BWC), unloaded a total of 34,858 shares of the company in three separate transactions at an average price of $30.16 per share. As a result of these transactions, Canafax now owns 27,870 shares of the company.

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