Wall Street analysts expect that BWX Technologies Inc (NYSE:BWXT) will report sales of $451.18 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for BWX Technologies’ earnings, with estimates ranging from $442.70 million to $467.00 million. BWX Technologies posted sales of $403.86 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.7%. The business is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, February 27th.
According to Zacks, analysts expect that BWX Technologies will report full-year sales of $451.18 million for the current fiscal year, with estimates ranging from $1.70 billion to $1.72 billion. For the next fiscal year, analysts expect that the company will report sales of $1.85 billion per share, with estimates ranging from $1.81 billion to $1.91 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for BWX Technologies.
BWXT has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of BWX Technologies from a “sell” rating to a “hold” rating and set a $69.00 price objective for the company in a research note on Tuesday, January 9th. SunTrust Banks reiterated a “buy” rating and issued a $70.00 price objective on shares of BWX Technologies in a research note on Friday, January 19th. ValuEngine lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub upgraded shares of BWX Technologies from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 26th. Finally, Seaport Global Securities initiated coverage on shares of BWX Technologies in a research note on Wednesday, January 10th. They issued a “buy” rating and a $72.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. BWX Technologies presently has a consensus rating of “Buy” and a consensus price target of $65.88.
In related news, CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $61.55, for a total value of $61,550.00. Following the completion of the sale, the chief financial officer now owns 61,979 shares of the company’s stock, valued at approximately $3,814,807.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 3,000 shares of company stock valued at $183,790 in the last quarter. 0.76% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio grew its position in BWX Technologies by 12.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 139,138 shares of the technology company’s stock valued at $6,783,000 after purchasing an additional 15,367 shares during the period. Legal & General Group Plc grew its position in BWX Technologies by 25.5% in the 3rd quarter. Legal & General Group Plc now owns 46,711 shares of the technology company’s stock valued at $2,616,000 after purchasing an additional 9,482 shares during the period. Royal Bank of Canada grew its position in BWX Technologies by 3.4% in the 2nd quarter. Royal Bank of Canada now owns 89,920 shares of the technology company’s stock valued at $4,384,000 after purchasing an additional 2,986 shares during the period. FDx Advisors Inc. acquired a new stake in BWX Technologies in the 3rd quarter valued at $496,000. Finally, Nicholas Investment Partners LP grew its position in BWX Technologies by 3.9% in the 3rd quarter. Nicholas Investment Partners LP now owns 118,492 shares of the technology company’s stock valued at $6,638,000 after purchasing an additional 4,499 shares during the period. 93.79% of the stock is owned by institutional investors and hedge funds.
BWX Technologies (BWXT) traded up $0.68 during trading hours on Tuesday, hitting $64.23. 273,282 shares of the stock traded hands, compared to its average volume of 431,847. The company has a market cap of $6,326.05, a price-to-earnings ratio of 32.77, a P/E/G ratio of 2.44 and a beta of 0.50. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.59. BWX Technologies has a 12 month low of $41.98 and a 12 month high of $65.06.
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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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