Babcock & Wilcox CEO Kenneth Young buys $43,500 in stock

Babcock & Wilcox Enterprises (BW) CEO Kenneth M. Young bolstered his stake in the company on November 13, 2026, by acquiring 10,000 shares at $4.35 per share, amounting to $43,500. This brings Mr. Young's direct ownership to 1,719,254 shares, with an additional 272,767 shares held indirectly via the Kenneth M. Young Revocable Trust.

Separately, the company's third-quarter 2026 earnings exceeded market expectations, with adjusted earnings per share reaching $0.61, against a forecasted $0.04. Revenue for the quarter rose 109% year-over-year to $290.8 million, outpacing Needham's estimates. The strong performance also saw a notable surge in bookings and backlog, reaffirming the 2026 outlook and prompting a revised earnings target for 2027.

Despite maintaining a Buy rating, Needham revised its price target for BW shares downwards to $15 from $20.