BWX Technologies (BWXT) Lifted to “Hold” at Zacks Investment Research

BWX Technologies (NYSE:BWXT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “BWX Technologies, Inc. supplies precision manufactured components and services to the commercial nuclear power industry. The company offers technical, management and site services to governments in complex facilities and environmental remediation activities. It operates primarily in Lynchburg, Va., Ohio and Cambridge, Ontario. BWX Technologies, Inc., formerly known as Babcock & Wilcox Company, is headquartered in Lynchburg, Va. “

Several other research firms have also recently commented on BWXT. Drexel Hamilton restated a “buy” rating and set a $78.00 price target on shares of BWX Technologies in a research note on Thursday, June 21st. SunTrust Banks cut their price objective on BWX Technologies from $83.00 to $79.00 and set a “buy” rating for the company in a research report on Tuesday, August 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. BWX Technologies presently has a consensus rating of “Hold” and a consensus target price of $70.00.

BWX Technologies stock opened at $59.35 on Wednesday. BWX Technologies has a 12 month low of $56.80 and a 12 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. The company has a market cap of $6.24 billion, a PE ratio of 28.95, a P/E/G ratio of 2.20 and a beta of 0.45.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, August 6th. The technology company reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.02). BWX Technologies had a return on equity of 66.19% and a net margin of 9.05%. The company had revenue of $438.92 million for the quarter, compared to analysts’ expectations of $445.70 million. During the same quarter last year, the company earned $0.56 EPS. BWX Technologies’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that BWX Technologies will post 2.54 EPS for the current fiscal year.

In other BWX Technologies news, VP Jason S. Kerr sold 1,365 shares of the company’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $64.06, for a total value of $87,441.90. Following the sale, the vice president now owns 9,132 shares of the company’s stock, valued at $584,995.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David S. Black sold 1,000 shares of the company’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $62.40, for a total value of $62,400.00. Following the completion of the sale, the chief financial officer now directly owns 70,570 shares in the company, valued at approximately $4,403,568. The disclosure for this sale can be found here. Insiders sold 4,365 shares of company stock valued at $269,062 in the last quarter. 0.52% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of BWXT. Macquarie Group Ltd. boosted its stake in shares of BWX Technologies by 1.3% during the second quarter. Macquarie Group Ltd. now owns 62,238 shares of the technology company’s stock valued at $3,879,000 after acquiring an additional 823 shares during the last quarter. Aperio Group LLC boosted its stake in shares of BWX Technologies by 3.5% during the third quarter. Aperio Group LLC now owns 27,838 shares of the technology company’s stock valued at $1,741,000 after acquiring an additional 941 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of BWX Technologies by 4.3% during the third quarter. Bank of Montreal Can now owns 23,151 shares of the technology company’s stock valued at $1,448,000 after acquiring an additional 951 shares during the last quarter. Atria Investments LLC boosted its stake in shares of BWX Technologies by 28.4% during the third quarter. Atria Investments LLC now owns 4,383 shares of the technology company’s stock valued at $274,000 after acquiring an additional 970 shares during the last quarter. Finally, Pennsylvania Trust Co boosted its stake in shares of BWX Technologies by 2.0% during the third quarter. Pennsylvania Trust Co now owns 59,826 shares of the technology company’s stock valued at $3,742,000 after acquiring an additional 1,170 shares during the last quarter. 95.28% of the stock is currently owned by institutional investors.

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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