BWX Technologies (NYSE:BWXT)‘s stock had its “buy” rating reiterated by analysts at SunTrust Banks in a research report issued on Friday. They presently have a $70.00 price objective on the technology company’s stock. SunTrust Banks’ price objective would suggest a potential upside of 9.44% from the stock’s previous close.
Several other equities analysts have also recently issued reports on BWXT. BidaskClub raised BWX Technologies from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. ValuEngine cut BWX Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Bank of America upped their price target on BWX Technologies from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, October 5th. Robert W. Baird began coverage on BWX Technologies in a research note on Tuesday, October 24th. They issued an “outperform” rating and a $70.00 price target on the stock. Finally, Zacks Investment Research cut BWX Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. BWX Technologies presently has an average rating of “Buy” and an average price target of $65.50.
BWX Technologies (NYSE:BWXT) opened at $63.96 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.81 and a current ratio of 1.81. BWX Technologies has a 12 month low of $41.08 and a 12 month high of $64.39. The stock has a market capitalization of $6,298.21, a P/E ratio of 32.63, a PEG ratio of 2.42 and a beta of 0.47.
BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, November 6th. The technology company reported $0.46 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. BWX Technologies had a return on equity of 88.05% and a net margin of 11.89%. The firm had revenue of $419.36 million for the quarter, compared to analysts’ expectations of $420.39 million. During the same period in the previous year, the firm earned $0.39 earnings per share. The business’s revenue was up 10.5% compared to the same quarter last year. sell-side analysts anticipate that BWX Technologies will post 2.06 EPS for the current fiscal year.
In related news, Chairman John A. Fees sold 21,453 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $60.21, for a total value of $1,291,685.13. Following the sale, the chairman now directly owns 87,919 shares of the company’s stock, valued at $5,293,602.99. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO David S. Black sold 1,000 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $59.93, for a total value of $59,930.00. Following the completion of the sale, the chief financial officer now directly owns 63,979 shares in the company, valued at $3,834,261.47. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,453 shares of company stock worth $1,475,045. 0.76% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of BWX Technologies in the fourth quarter worth $938,000. State of Alaska Department of Revenue purchased a new stake in shares of BWX Technologies in the fourth quarter worth $417,000. Oakbrook Investments LLC purchased a new stake in shares of BWX Technologies in the fourth quarter worth $209,000. First Bank & Trust grew its stake in shares of BWX Technologies by 2,104.3% in the fourth quarter. First Bank & Trust now owns 3,615 shares of the technology company’s stock worth $219,000 after acquiring an additional 3,451 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in shares of BWX Technologies in the fourth quarter worth $444,000. 95.49% of the stock is currently owned by institutional investors.
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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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