Shares of BWX Technologies (NYSE:BWXT) have been assigned a consensus recommendation of “Buy” from the twelve ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $68.63.
A number of brokerages have recently weighed in on BWXT. Credit Suisse Group cut their target price on BWX Technologies from $72.00 to $64.00 and set a “neutral” rating on the stock in a research note on Tuesday. Zacks Investment Research downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, May 10th. Wells Fargo & Co restated a “market perform” rating and issued a $65.00 target price on shares of BWX Technologies in a research note on Tuesday, May 8th. SunTrust Banks boosted their target price on BWX Technologies to $89.00 and gave the stock a “buy” rating in a research note on Friday, May 4th. Finally, Alembic Global Advisors restated a “buy” rating on shares of BWX Technologies in a research note on Tuesday, March 6th.
In related news, CFO David S. Black sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 11th. The stock was sold at an average price of $65.10, for a total value of $65,100.00. Following the transaction, the chief financial officer now owns 70,874 shares in the company, valued at $4,613,897.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders sold 3,000 shares of company stock worth $196,790. 0.52% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of BWXT. Ostrum Asset Management purchased a new position in BWX Technologies in the first quarter valued at approximately $108,000. Old Mutual Global Investors UK Ltd. bought a new stake in BWX Technologies during the 1st quarter valued at $120,000. Synovus Financial Corp bought a new stake in BWX Technologies during the 1st quarter valued at $122,000. Captrust Financial Advisors bought a new stake in BWX Technologies during the 4th quarter valued at $126,000. Finally, Cerebellum GP LLC bought a new stake in BWX Technologies during the 4th quarter valued at $128,000. Institutional investors and hedge funds own 94.81% of the company’s stock.
BWX Technologies opened at $67.45 on Friday, Marketbeat Ratings reports. BWX Technologies has a 52-week low of $45.79 and a 52-week high of $72.18. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 32.90, a P/E/G ratio of 2.48 and a beta of 0.50. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.15 and a quick ratio of 2.15.
BWX Technologies (NYSE:BWXT) last announced its earnings results on Friday, May 4th. The technology company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. BWX Technologies had a return on equity of 72.41% and a net margin of 9.24%. The firm had revenue of $457.00 million for the quarter, compared to the consensus estimate of $447.20 million. During the same quarter in the previous year, the business earned $0.55 EPS. The company’s revenue was up 6.8% compared to the same quarter last year. analysts forecast that BWX Technologies will post 2.56 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 6th. Investors of record on Friday, May 18th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $0.64 annualized dividend and a yield of 0.95%. BWX Technologies’s payout ratio is 31.22%.
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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