BWX Technologies Inc (NYSE:BWXT) – Equities research analysts at SunTrust Banks raised their Q1 2018 EPS estimates for shares of BWX Technologies in a report released on Wednesday, according to Zacks Investment Research. SunTrust Banks analyst M. Ciarmoli now expects that the technology company will post earnings per share of $0.61 for the quarter, up from their prior forecast of $0.58. SunTrust Banks currently has a “Buy” rating and a $70.00 price target on the stock. SunTrust Banks also issued estimates for BWX Technologies’ Q2 2018 earnings at $0.63 EPS, Q3 2018 earnings at $0.65 EPS, Q4 2018 earnings at $0.70 EPS, Q1 2019 earnings at $0.69 EPS, Q2 2019 earnings at $0.73 EPS, Q3 2019 earnings at $0.74 EPS and Q4 2019 earnings at $0.80 EPS.
BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Tuesday, February 27th. The technology company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $430.14 million during the quarter, compared to analyst estimates of $451.18 million. BWX Technologies had a return on equity of 77.24% and a net margin of 8.76%.
BWXT has been the subject of several other research reports. ValuEngine upgraded BWX Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research cut BWX Technologies from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Wells Fargo & Co assumed coverage on BWX Technologies in a report on Monday, December 11th. They set a “market perform” rating and a $65.00 price objective on the stock. Alembic Global Advisors reissued a “buy” rating on shares of BWX Technologies in a report on Tuesday, March 6th. Finally, Seaport Global Securities began coverage on BWX Technologies in a research note on Wednesday, January 10th. They issued a “buy” rating and a $72.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $65.88.
BWX Technologies (NYSE BWXT) traded down $0.56 during mid-day trading on Monday, hitting $63.79. The stock had a trading volume of 576,347 shares, compared to its average volume of 464,999. BWX Technologies has a 12 month low of $45.79 and a 12 month high of $65.82. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.65 and a quick ratio of 1.65. The company has a market cap of $6,427.89, a P/E ratio of 31.67, a price-to-earnings-growth ratio of 2.29 and a beta of 0.51.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Monday, March 12th will be given a $0.16 dividend. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.11. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, March 9th. BWX Technologies’s dividend payout ratio (DPR) is currently 43.84%.
In other news, CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $60.36, for a total value of $60,360.00. Following the sale, the chief financial officer now directly owns 60,979 shares in the company, valued at approximately $3,680,692.44. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders sold 3,000 shares of company stock worth $186,350. Corporate insiders own 0.76% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in BWX Technologies by 2.1% during the fourth quarter. BlackRock Inc. now owns 5,685,315 shares of the technology company’s stock valued at $343,905,000 after buying an additional 119,240 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in BWX Technologies by 12.4% during the third quarter. Artisan Partners Limited Partnership now owns 4,609,767 shares of the technology company’s stock valued at $258,239,000 after buying an additional 509,351 shares during the last quarter. Brown Advisory Inc. raised its stake in BWX Technologies by 65.2% during the fourth quarter. Brown Advisory Inc. now owns 3,573,654 shares of the technology company’s stock valued at $216,170,000 after buying an additional 1,410,915 shares during the last quarter. Wells Fargo & Company MN raised its stake in BWX Technologies by 3.3% during the third quarter. Wells Fargo & Company MN now owns 3,171,362 shares of the technology company’s stock valued at $177,659,000 after buying an additional 99,888 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in BWX Technologies by 46.1% during the fourth quarter. Franklin Resources Inc. now owns 1,573,131 shares of the technology company’s stock valued at $95,159,000 after buying an additional 496,545 shares during the last quarter. Institutional investors own 94.57% of the company’s stock.
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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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