BWX Technologies Inc (NYSE:BWXT) has been assigned an average recommendation of “Buy” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $63.75.
Several research analysts have issued reports on the company. Bank of America upgraded BWX Technologies from an “underperform” rating to a “neutral” rating and set a $60.00 target price for the company in a research report on Thursday, May 7th. Credit Suisse Group raised shares of BWX Technologies from a “neutral” rating to an “outperform” rating and set a $72.00 price target for the company in a research note on Wednesday, May 27th. Maxim Group lifted their price target on shares of BWX Technologies from $62.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Zacks Investment Research raised shares of BWX Technologies from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Friday, May 1st. Finally, TheStreet raised shares of BWX Technologies from a “c+” rating to a “b-” rating in a research note on Wednesday, May 13th.
BWXT traded down $0.39 on Friday, hitting $56.07. The company had a trading volume of 320,726 shares, compared to its average volume of 519,452. The company has a market cap of $5.38 billion, a PE ratio of 19.81, a PEG ratio of 2.94 and a beta of 0.99. BWX Technologies has a 12-month low of $40.40 and a 12-month high of $70.57. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 2.12. The business’s fifty day simple moving average is $58.67 and its 200 day simple moving average is $58.34.
BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, May 4th. The technology company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.17. BWX Technologies had a return on equity of 74.99% and a net margin of 13.39%. The company had revenue of $542.21 million during the quarter, compared to analyst estimates of $460.13 million. During the same quarter last year, the business posted $0.67 earnings per share. On average, analysts anticipate that BWX Technologies will post 2.8 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Monday, May 18th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Friday, May 15th. BWX Technologies’s dividend payout ratio (DPR) is 29.01%.
In other news, Director John A. Fees sold 17,242 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $61.09, for a total transaction of $1,053,313.78. Following the transaction, the director now directly owns 76,587 shares of the company’s stock, valued at $4,678,699.83. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Rex D. Geveden sold 3,000 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $62.58, for a total value of $187,740.00. Following the transaction, the chief executive officer now directly owns 102,337 shares in the company, valued at $6,404,249.46. The disclosure for this sale can be found here. Insiders sold 22,242 shares of company stock valued at $1,351,604 in the last three months. 0.46% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in BWXT. Chevy Chase Trust Holdings Inc. purchased a new stake in shares of BWX Technologies during the fourth quarter valued at $45,000. Total Clarity Wealth Management Inc. purchased a new stake in shares of BWX Technologies during the fourth quarter valued at $47,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of BWX Technologies during the fourth quarter valued at $50,000. Harvest Fund Management Co. Ltd grew its holdings in shares of BWX Technologies by 354.2% during the first quarter. Harvest Fund Management Co. Ltd now owns 1,776 shares of the technology company’s stock valued at $86,000 after buying an additional 1,385 shares during the last quarter. Finally, NumerixS Investment Technologies Inc grew its holdings in shares of BWX Technologies by 202.0% during the fourth quarter. NumerixS Investment Technologies Inc now owns 1,510 shares of the technology company’s stock valued at $94,000 after buying an additional 1,010 shares during the last quarter.
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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