BWX Technologies Inc (NYSE:BWXT) – Stock analysts at Seaport Global Securities dropped their Q3 2018 earnings estimates for shares of BWX Technologies in a research note issued on Monday, October 15th. Seaport Global Securities analyst J. Sullivan now anticipates that the technology company will earn $0.60 per share for the quarter, down from their prior forecast of $0.62. Seaport Global Securities also issued estimates for BWX Technologies’ FY2018 earnings at $2.53 EPS and Q4 2019 earnings at $0.85 EPS.
Several other equities research analysts also recently weighed in on BWXT. Zacks Investment Research upgraded shares of BWX Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday. Drexel Hamilton restated a “buy” rating and issued a $78.00 target price on shares of BWX Technologies in a research note on Thursday, June 21st. Finally, SunTrust Banks lowered their target price on shares of BWX Technologies from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Tuesday, August 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. BWX Technologies presently has an average rating of “Hold” and a consensus price target of $70.00.
Shares of BWXT opened at $59.97 on Tuesday. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 2.20 and a beta of 0.45. BWX Technologies has a twelve month low of $56.80 and a twelve month high of $72.18. The company has a debt-to-equity ratio of 1.72, a current ratio of 2.88 and a quick ratio of 2.88.
BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, August 6th. The technology company reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.02). The firm had revenue of $438.92 million during the quarter, compared to analyst estimates of $445.70 million. BWX Technologies had a net margin of 9.05% and a return on equity of 66.19%. BWX Technologies’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business earned $0.56 earnings per share.
Several large investors have recently bought and sold shares of BWXT. Northern Trust Corp lifted its stake in shares of BWX Technologies by 1.2% during the first quarter. Northern Trust Corp now owns 479,649 shares of the technology company’s stock worth $30,472,000 after buying an additional 5,582 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of BWX Technologies by 40.7% during the first quarter. PNC Financial Services Group Inc. now owns 15,519 shares of the technology company’s stock worth $986,000 after buying an additional 4,491 shares during the period. BB&T Securities LLC lifted its stake in shares of BWX Technologies by 29.2% during the first quarter. BB&T Securities LLC now owns 10,245 shares of the technology company’s stock worth $650,000 after buying an additional 2,316 shares during the period. UBS Group AG raised its holdings in shares of BWX Technologies by 28.9% during the first quarter. UBS Group AG now owns 102,915 shares of the technology company’s stock worth $6,538,000 after purchasing an additional 23,086 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of BWX Technologies by 5.8% during the first quarter. The Manufacturers Life Insurance Company now owns 214,633 shares of the technology company’s stock worth $13,636,000 after purchasing an additional 11,747 shares during the last quarter. Institutional investors and hedge funds own 95.28% of the company’s stock.
In other news, VP Jason S. Kerr sold 1,365 shares of BWX Technologies stock in a transaction on Monday, August 20th. The shares were sold at an average price of $64.06, for a total transaction of $87,441.90. Following the completion of the sale, the vice president now directly owns 9,132 shares in the company, valued at $584,995.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction on Monday, August 13th. The stock was sold at an average price of $62.40, for a total transaction of $62,400.00. Following the sale, the chief financial officer now owns 70,570 shares of the company’s stock, valued at $4,403,568. The disclosure for this sale can be found here. Insiders have sold 4,365 shares of company stock valued at $269,062 over the last quarter. Insiders own 0.52% of the company’s stock.
BWX Technologies Company Profile
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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