Drexel Hamilton reaffirmed their buy rating on shares of BWX Technologies (NYSE:BWXT) in a report published on Thursday morning. They currently have a $78.00 target price on the technology company’s stock.
“We believe this is important because critics have implied that a neutron- capture approach, which BWXT uses, is not able to produce ‘High Specific Activity’/HSA Mo-99. Our view is that BWXT mgmt is very comfortable that its proprietary approach can produce an end-product that is plug and play for the medical isotope industry, and our understanding is that the firm has actually already demonstrated the process.”,” the firm’s analyst wrote.
A number of other analysts have also issued reports on the company. Zacks Investment Research lowered BWX Technologies from a buy rating to a hold rating in a research note on Tuesday, April 3rd. ValuEngine raised BWX Technologies from a hold rating to a buy rating in a research note on Thursday, March 1st. Wells Fargo & Co reaffirmed a market perform rating and issued a $65.00 price target on shares of BWX Technologies in a research note on Tuesday, May 8th. Barclays started coverage on BWX Technologies in a research note on Thursday, March 29th. They set an underweight rating and a $62.00 price objective on the stock. Finally, Bank of America reissued a neutral rating on shares of BWX Technologies in a research note on Saturday, June 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $71.78.
Shares of NYSE:BWXT opened at $62.29 on Thursday. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $6.24 billion, a PE ratio of 29.00, a PEG ratio of 2.23 and a beta of 0.47. BWX Technologies has a 1 year low of $46.01 and a 1 year high of $72.18.
BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Friday, May 4th. The technology company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.06. The firm had revenue of $457.00 million for the quarter, compared to analyst estimates of $447.20 million. BWX Technologies had a return on equity of 72.41% and a net margin of 9.24%. The business’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 earnings per share. research analysts anticipate that BWX Technologies will post 2.56 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 6th. Shareholders of record on Friday, May 18th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Thursday, May 17th. BWX Technologies’s dividend payout ratio (DPR) is currently 31.22%.
In other BWX Technologies news, insider Joseph G. Henry sold 7,774 shares of the business’s stock in a transaction on Friday, June 8th. The stock was sold at an average price of $66.60, for a total transaction of $517,748.40. Following the transaction, the insider now owns 10,639 shares of the company’s stock, valued at $708,557.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David S. Black sold 1,000 shares of the business’s stock in a transaction on Friday, May 11th. The stock was sold at an average price of $67.25, for a total value of $67,250.00. Following the transaction, the chief financial officer now directly owns 69,874 shares in the company, valued at approximately $4,699,026.50. The disclosure for this sale can be found here. Insiders have sold 10,774 shares of company stock worth $717,388 in the last three months. 0.76% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of BWXT. Comerica Bank raised its position in BWX Technologies by 40.8% in the fourth quarter. Comerica Bank now owns 17,934 shares of the technology company’s stock valued at $1,139,000 after purchasing an additional 5,201 shares during the period. Teacher Retirement System of Texas raised its position in BWX Technologies by 318.8% in the fourth quarter. Teacher Retirement System of Texas now owns 30,816 shares of the technology company’s stock valued at $1,864,000 after purchasing an additional 23,457 shares during the period. M&T Bank Corp raised its position in BWX Technologies by 23.1% in the fourth quarter. M&T Bank Corp now owns 8,137 shares of the technology company’s stock valued at $492,000 after purchasing an additional 1,527 shares during the period. California Public Employees Retirement System raised its position in BWX Technologies by 3.2% in the fourth quarter. California Public Employees Retirement System now owns 294,985 shares of the technology company’s stock valued at $17,844,000 after purchasing an additional 9,066 shares during the period. Finally, Swiss National Bank raised its position in BWX Technologies by 2.1% in the fourth quarter. Swiss National Bank now owns 152,200 shares of the technology company’s stock valued at $9,207,000 after purchasing an additional 3,100 shares during the period. Institutional investors own 94.85% of the company’s stock.
About BWX Technologies
BWX Technologies, Inc manufactures and sells nuclear components to the United States government. The company operates in three segments: Nuclear Operations, Technical Services, and Nuclear Energy. The Nuclear Operations segment offers precision naval nuclear components and reactors; close-tolerance and equipment for nuclear applications; and components for defense applications, as well as critical nuclear components, fuels, and assemblies for government and other uses.
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