FY2018 EPS Estimates for BWX Technologies Inc Lifted by Analyst (BWXT)

BWX Technologies Inc (NYSE:BWXT) – Research analysts at SunTrust Banks raised their FY2018 EPS estimates for BWX Technologies in a report issued on Monday, according to Zacks Investment Research. SunTrust Banks analyst M. Ciarmoli now forecasts that the technology company will post earnings of $2.73 per share for the year, up from their previous estimate of $2.31. SunTrust Banks has a “Buy” rating and a $70.00 price target on the stock. SunTrust Banks also issued estimates for BWX Technologies’ FY2019 earnings at $2.88 EPS.

Other equities analysts have also issued reports about the stock. Seaport Global Securities assumed coverage on shares of BWX Technologies in a research report on Wednesday, January 10th. They issued a “buy” rating and a $72.00 price objective on 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 research report on Tuesday, January 9th. Robert W. Baird assumed coverage on shares of BWX Technologies in a research report on Tuesday, October 24th. They issued an “outperform” rating and a $70.00 price objective on the stock. BidaskClub lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, Wells Fargo & Co assumed coverage on shares of BWX Technologies in a research report on Monday, December 11th. They issued a “market perform” rating and a $65.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. BWX Technologies presently has a consensus rating of “Buy” and an average price target of $65.88.

BWX Technologies (NYSE BWXT) opened at $63.76 on Wednesday. BWX Technologies has a 1 year low of $41.38 and a 1 year high of $64.92. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.81 and a quick ratio of 1.81. The firm has a market cap of $6,270.00, a price-to-earnings ratio of 32.04, a P/E/G ratio of 2.47 and a beta of 0.50.

In related news, CFO David S. Black sold 1,000 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $59.93, for a total value of $59,930.00. Following the sale, the chief financial officer now directly owns 63,979 shares in the company, valued at approximately $3,834,261.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman John A. Fees sold 21,453 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was 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 owns 87,919 shares in the company, valued at $5,293,602.99. The disclosure for this sale can be found here. Insiders have sold a total of 24,453 shares of company stock worth $1,475,045 over the last 90 days. Insiders own 0.76% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in BWX Technologies by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 8,004,745 shares of the technology company’s stock valued at $390,232,000 after purchasing an additional 58,159 shares during the last quarter. BlackRock Inc. raised its stake in BWX Technologies by 6.7% in the 2nd quarter. BlackRock Inc. now owns 5,374,992 shares of the technology company’s stock valued at $262,030,000 after purchasing an additional 336,521 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in BWX Technologies by 12.4% in the 3rd quarter. Artisan Partners Limited Partnership now owns 4,609,767 shares of the technology company’s stock valued at $258,239,000 after purchasing an additional 509,351 shares during the last quarter. Capital Research Global Investors raised its stake in BWX Technologies by 11.1% in the 2nd quarter. Capital Research Global Investors now owns 3,464,262 shares of the technology company’s stock valued at $168,883,000 after purchasing an additional 345,797 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in BWX Technologies by 3.3% in the 3rd quarter. Wells Fargo & Company MN now owns 3,171,362 shares of the technology company’s stock valued at $177,659,000 after purchasing an additional 99,888 shares during the last quarter. Institutional investors and hedge funds own 95.42% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another publication, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this report can be read at https://www.dispatchtribunal.com/2018/02/03/bwx-technologies-inc-bwxt-to-post-fy2018-earnings-of-2-73-per-share-suntrust-banks-forecasts.html.

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.

Get a free copy of the Zacks research report on BWX Technologies (BWXT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for BWX Technologies (NYSE:BWXT)

Receive News & Ratings for BWX Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BWX Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply