Seaport Global Securities Weighs in on BWX Technologies, Inc.’s FY2017 Earnings (BWXT)

BWX Technologies, Inc. (NYSE:BWXT) – Seaport Global Securities issued their FY2017 earnings per share estimates for shares of BWX Technologies in a report issued on Wednesday. Seaport Global Securities analyst J. Sullivan anticipates that the technology company will post earnings per share of $2.03 for the year. Seaport Global Securities has a “Buy” rating and a $72.00 price objective on the stock. Seaport Global Securities also issued estimates for BWX Technologies’ Q4 2017 earnings at $0.45 EPS, Q1 2018 earnings at $0.52 EPS, Q2 2018 earnings at $0.52 EPS, Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.57 EPS, FY2018 earnings at $2.15 EPS, Q1 2019 earnings at $0.57 EPS, Q2 2019 earnings at $0.63 EPS, Q3 2019 earnings at $0.70 EPS, Q4 2019 earnings at $0.74 EPS and FY2019 earnings at $2.64 EPS.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, November 6th. The technology company reported $0.46 EPS for the quarter, hitting analysts’ consensus estimates of $0.46. BWX Technologies had a return on equity of 88.05% and a net margin of 11.89%. The business had revenue of $419.36 million during the quarter, compared to analysts’ expectations of $420.39 million. During the same quarter in the prior year, the business posted $0.39 earnings per share. The business’s quarterly revenue was up 10.5% on a year-over-year basis.

BWXT has been the subject of several other research reports. BidaskClub cut BWX Technologies from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Robert W. Baird began coverage on BWX Technologies in a research report on Tuesday, October 24th. They set an “outperform” rating and a $70.00 target price for the company. Wells Fargo & Co began coverage on BWX Technologies in a research report on Monday, December 11th. They set a “market perform” rating and a $65.00 target price for the company. SunTrust Banks reiterated a “buy” rating and set a $62.00 target price on shares of BWX Technologies in a research report on Monday, October 2nd. Finally, Zacks Investment Research cut BWX Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $64.50.

Shares of BWX Technologies (NYSE:BWXT) opened at $62.89 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.81 and a current ratio of 1.81. BWX Technologies has a 1 year low of $40.22 and a 1 year high of $63.12. The stock has a market capitalization of $6,250.00, a PE ratio of 31.60, a P/E/G ratio of 2.40 and a beta of 0.48.

Institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp lifted its stake in shares of BWX Technologies by 0.9% in the 2nd quarter. Van ECK Associates Corp now owns 12,973 shares of the technology company’s stock valued at $632,000 after purchasing an additional 122 shares during the last quarter. Quantbot Technologies LP lifted its stake in shares of BWX Technologies by 11.2% in the 2nd quarter. Quantbot Technologies LP now owns 2,453 shares of the technology company’s stock valued at $119,000 after purchasing an additional 248 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of BWX Technologies by 6.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,327 shares of the technology company’s stock valued at $259,000 after purchasing an additional 345 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of BWX Technologies by 23.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,784 shares of the technology company’s stock valued at $184,000 after purchasing an additional 721 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of BWX Technologies by 4.7% in the 2nd quarter. Principal Financial Group Inc. now owns 19,462 shares of the technology company’s stock valued at $949,000 after purchasing an additional 867 shares during the last quarter. 95.49% of the stock is owned by institutional investors.

In related news, Chairman John A. Fees sold 21,453 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $60.21, for a total transaction of $1,291,685.13. Following the completion of the transaction, the chairman now directly owns 87,919 shares of the company’s stock, valued at $5,293,602.99. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO David S. Black sold 1,000 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $59.93, for a total value of $59,930.00. Following the transaction, the chief financial officer now directly owns 63,979 shares of the company’s stock, valued at $3,834,261.47. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,453 shares of company stock valued at $1,475,045. 0.76% of the stock is owned by corporate insiders.

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About BWX Technologies

BWX Technologies, Inc is a manufacturer of nuclear components and a service provider. The Company’s businesses focus on the design, engineering and manufacture of precision naval nuclear components, reactors and nuclear fuel for the United States Government. Its segments include Nuclear Operations, Technical Services, Nuclear Energy and Other.

Earnings History and Estimates for BWX Technologies (NYSE:BWXT)

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