Robert W. Baird started coverage on shares of BWX Technologies, Inc. (NYSE:BWXT) in a research report report published on Tuesday, October 24th. The firm issued an outperform rating and a $70.00 price target on the technology company’s stock.
BWXT has been the topic of a number of other research reports. SunTrust Banks, Inc. reissued a buy rating and issued a $62.00 price target on shares of BWX Technologies in a research report on Monday, October 2nd. ValuEngine lowered shares of BWX Technologies from a buy rating to a hold rating in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of BWX Technologies from a hold rating to a buy rating and set a $60.00 price target on the stock in a research note on Thursday, August 10th. Bank of America Corporation restated a buy rating and issued a $55.00 target price on shares of BWX Technologies in a research note on Thursday, August 10th. Finally, BidaskClub upgraded shares of BWX Technologies from a buy rating to a strong-buy rating in a research note on Tuesday, July 25th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $61.67.
BWX Technologies (NYSE:BWXT) opened at $60.50 on Tuesday. The company has a quick ratio of 1.90, a current ratio of 1.81 and a debt-to-equity ratio of 1.59. The company has a market cap of $6,013.94, a PE ratio of 29.80, a price-to-earnings-growth ratio of 2.43 and a beta of 0.47. BWX Technologies has a fifty-two week low of $37.63 and a fifty-two week high of $61.88.
BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, November 6th. The technology company reported $0.46 earnings per share for the quarter, meeting the consensus estimate of $0.46. The firm had revenue of $419.36 million for the quarter, compared to analyst estimates of $420.39 million. BWX Technologies had a net margin of 11.89% and a return on equity of 88.05%. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 earnings per share. sell-side analysts predict that BWX Technologies will post 2.08 EPS for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Monday, November 20th will be paid a $0.11 dividend. The ex-dividend date is Friday, November 17th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.73%. BWX Technologies’s dividend payout ratio (DPR) is presently 22.45%.
In other BWX Technologies news, insider Harbour Group L.P. Blue sold 1,992,829 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $53.20, for a total transaction of $106,018,502.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David S. Black sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $59.00, for a total value of $59,000.00. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP boosted its holdings 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 buying an additional 248 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of BWX Technologies in the 1st quarter valued at approximately $124,000. Federated Investors Inc. PA acquired a new stake in shares of BWX Technologies in the 2nd quarter valued at approximately $151,000. Crossmark Global Holdings Inc. acquired a new stake in shares of BWX Technologies in the 3rd quarter valued at approximately $208,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in 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 acquiring an additional 721 shares during the period. 95.93% of the stock is owned by institutional investors.
BWX Technologies Company Profile
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.
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