SunTrust Banks downgraded shares of BWX Technologies (NYSE:BWXT) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning, MarketBeat reports. SunTrust Banks currently has $48.00 price target on the technology company’s stock, down from their previous price target of $79.00. SunTrust Banks also issued estimates for BWX Technologies’ Q4 2018 earnings at $0.61 EPS, Q1 2019 earnings at $0.59 EPS, Q2 2019 earnings at $0.59 EPS, Q3 2019 earnings at $0.59 EPS and Q4 2019 earnings at $0.68 EPS.
Separately, Zacks Investment Research raised BWX Technologies from a sell rating to a hold rating in a report on Wednesday, October 17th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. BWX Technologies presently has a consensus rating of Hold and an average price target of $62.38.
Shares of BWXT traded up $0.84 during mid-day trading on Wednesday, hitting $47.29. The stock had a trading volume of 1,861,681 shares, compared to its average volume of 782,323. The firm has a market cap of $4.57 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 1.84 and a beta of 0.58. The company has a current ratio of 1.90, a quick ratio of 2.88 and a debt-to-equity ratio of 1.93. BWX Technologies has a fifty-two week low of $44.50 and a fifty-two week high of $72.18.
BWX Technologies (NYSE:BWXT) last issued its earnings results on Tuesday, November 6th. The technology company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.22). The firm had revenue of $425.50 million during the quarter, compared to analyst estimates of $461.26 million. BWX Technologies had a return on equity of 66.38% and a net margin of 10.81%. BWX Technologies’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 EPS. On average, sell-side analysts predict that BWX Technologies will post 2.23 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Tuesday, November 20th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Monday, November 19th. BWX Technologies’s dividend payout ratio (DPR) is 31.22%.
In other BWX Technologies news, VP Jason S. Kerr sold 1,365 shares of BWX Technologies stock in a transaction on Monday, August 20th. The stock was sold at an average price of $64.06, for a total transaction of $87,441.90. Following the sale, the vice president now owns 9,132 shares of the company’s stock, valued at approximately $584,995.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction on Monday, August 13th. The shares were sold at an average price of $62.40, for a total value of $62,400.00. Following the sale, the chief financial officer now directly owns 70,570 shares in the company, valued at approximately $4,403,568. The disclosure for this sale can be found here. In the last three months, insiders sold 4,365 shares of company stock worth $269,062. Company insiders own 0.76% of the company’s stock.
A number of institutional investors have recently made changes to their positions in BWXT. LPL Financial LLC bought a new stake in BWX Technologies during the 1st quarter valued at $256,000. Guggenheim Capital LLC raised its stake in shares of BWX Technologies by 11.7% in the 1st quarter. Guggenheim Capital LLC now owns 26,945 shares of the technology company’s stock worth $1,712,000 after buying an additional 2,832 shares in the last quarter. Legal & General Group Plc raised its stake in shares of BWX Technologies by 2.9% in the 1st quarter. Legal & General Group Plc now owns 59,323 shares of the technology company’s stock worth $3,769,000 after buying an additional 1,698 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of BWX Technologies by 32.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 11,420 shares of the technology company’s stock worth $711,000 after buying an additional 2,790 shares in the last quarter. Finally, Pennsylvania Trust Co raised its stake in shares of BWX Technologies by 11.4% in the 2nd quarter. Pennsylvania Trust Co now owns 58,656 shares of the technology company’s stock worth $3,655,000 after buying an additional 6,011 shares in the last quarter. 94.90% of the stock is currently owned by hedge funds and other institutional investors.
About BWX Technologies
BWX Technologies, Inc manufactures and sells nuclear components to the United States government. The company operates in three segments: Nuclear Operations, Technical Services, and Nuclear Energy. The Nuclear Operations segment offers precision naval nuclear components and reactors; close-tolerance and equipment for nuclear applications; and components for defense applications, as well as critical nuclear components, fuels, and assemblies for government and other uses.
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