BWX Technologies (NYSE:BWXT) released its earnings results on Sunday. The technology company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03, MarketWatch Earnings reports. BWX Technologies had a net margin of 13.27% and a return on equity of 61.50%. The firm had revenue of $557.00 million during the quarter, compared to analyst estimates of $496.13 million. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year.
BWXT traded down $0.28 on Tuesday, reaching $57.45. The company had a trading volume of 30,309 shares, compared to its average volume of 396,232. The company has a fifty day moving average of $58.12 and a 200-day moving average of $57.80. The company has a market capitalization of $5.48 billion, a P/E ratio of 19.64, a PEG ratio of 2.13 and a beta of 0.96. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.64. BWX Technologies has a one year low of $40.40 and a one year high of $69.75.
BWXT has been the subject of several recent research reports. Robert W. Baird lowered shares of BWX Technologies from an “outperform” rating to a “neutral” rating and set a $70.00 price target for the company. in a research report on Thursday, January 7th. Zacks Investment Research lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 4th. TheStreet upgraded shares of BWX Technologies from a “c+” rating to a “b-” rating in a research report on Monday, December 7th. Finally, Credit Suisse Group lowered their price target on shares of BWX Technologies from $74.00 to $71.00 and set an “outperform” rating for the company in a research report on Tuesday, November 3rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $68.17.
In related news, CFO David S. Black sold 1,000 shares of the stock in a transaction dated Thursday, February 11th. The shares were sold at an average price of $57.24, for a total value of $57,240.00. Following the completion of the transaction, the chief financial officer now owns 68,551 shares in the company, valued at approximately $3,923,859.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John A. Fees sold 9,700 shares of the company’s stock in a transaction dated Tuesday, December 1st. The shares were sold at an average price of $57.26, for a total transaction of $555,422.00. Following the completion of the sale, the director now directly owns 79,962 shares of the company’s stock, valued at $4,578,624.12. The disclosure for this sale can be found here. Insiders sold a total of 16,600 shares of company stock valued at $955,359 in the last quarter. 0.46% of the stock is currently owned by insiders.
BWX Technologies Company Profile
BWX Technologies, Inc manufactures and sells nuclear components in the United States, Canada, and internationally. Its Nuclear Operations Group segment offers nuclear components, reactors, assemblies, and fuel for the United States Department of Energy/National Nuclear Security Administration's Naval Nuclear Propulsion Program and other uses; close-tolerance equipment for nuclear applications; research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications.
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