BWX Technologies, Inc. (NYSE:BWXT) – Equities research analysts at SunTrust Banks upped their FY2018 earnings per share estimates for BWX Technologies in a research note issued on Monday. SunTrust Banks analyst M. Ciarmoli now forecasts that the technology company will post earnings per share of $2.73 for the year, up from their previous forecast of $2.31. SunTrust Banks currently has a “Buy” rating and a $62.00 target price on the stock. SunTrust Banks also issued estimates for BWX Technologies’ FY2019 earnings at $2.88 EPS.
BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, November 6th. The technology company reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. BWX Technologies had a net margin of 11.89% and a return on equity of 88.05%. The company had revenue of $419.36 million for the quarter, compared to the consensus estimate of $420.39 million. During the same quarter in the previous year, the firm posted $0.39 EPS. The business’s revenue was up 10.5% compared to the same quarter last year.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of BWX Technologies from a “sell” rating to a “hold” rating and set a $69.00 price objective on the stock in a report on Tuesday. Seaport Global Securities started coverage on shares of BWX Technologies in a report on Wednesday. They set a “buy” rating and a $72.00 price objective on the stock. BidaskClub cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. ValuEngine cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Robert W. Baird started coverage on shares of BWX Technologies in a research note on Tuesday, October 24th. They issued an “outperform” rating and a $70.00 target price on the stock. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $64.50.
BWX Technologies (BWXT) traded up $0.91 during trading hours on Wednesday, hitting $62.23. 824,553 shares of the stock traded hands, compared to its average volume of 442,800. BWX Technologies has a one year low of $39.97 and a one year high of $62.85. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.81 and a current ratio of 1.81. The company has a market cap of $6,190.00, a P/E ratio of 31.27, a price-to-earnings-growth ratio of 2.40 and a beta of 0.48.
A number of institutional investors have recently modified their holdings of the business. Van ECK Associates Corp grew its stake in BWX Technologies by 0.9% during the second quarter. Van ECK Associates Corp now owns 12,973 shares of the technology company’s stock worth $632,000 after buying an additional 122 shares during the last quarter. Quantbot Technologies LP grew its stake in BWX Technologies by 11.2% during the second quarter. Quantbot Technologies LP now owns 2,453 shares of the technology company’s stock worth $119,000 after buying an additional 248 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in BWX Technologies by 6.9% during the second quarter. PNC Financial Services Group Inc. now owns 5,327 shares of the technology company’s stock worth $259,000 after buying an additional 345 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in BWX Technologies by 23.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,784 shares of the technology company’s stock worth $184,000 after buying an additional 721 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in BWX Technologies by 4.7% during the second quarter. Principal Financial Group Inc. now owns 19,462 shares of the technology company’s stock worth $949,000 after buying an additional 867 shares during the last quarter. 95.49% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CFO David S. Black sold 1,000 shares of the company’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $61.55, for a total value of $61,550.00. Following the sale, the chief financial officer now owns 61,979 shares of the company’s stock, valued at $3,814,807.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman John A. Fees sold 21,453 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $60.21, for a total transaction of $1,291,685.13. Following the completion of the sale, the chairman now directly owns 87,919 shares in the company, valued at approximately $5,293,602.99. The disclosure for this sale can be found here. In the last three months, insiders sold 24,453 shares of company stock worth $1,475,045. 0.76% of the stock is currently owned by insiders.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Monday, November 20th were paid a $0.11 dividend. The ex-dividend date was Friday, November 17th. This represents a $0.44 dividend on an annualized basis and a yield of 0.71%. BWX Technologies’s payout ratio is currently 22.11%.
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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.
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