BWX Technologies (BWXT) Coverage Initiated by Analysts at Wells Fargo & Company
Wells Fargo & Company began coverage on shares of BWX Technologies (NYSE:BWXT) in a research note released on Monday morning. The brokerage issued a market perform rating and a $65.00 target price on the technology company’s stock.
A number of other analysts have also recently commented on the company. ValuEngine cut BWX Technologies from a buy rating to a hold rating in a research report on Friday, December 1st. Zacks Investment Research cut BWX Technologies from a buy rating to a hold rating in a research report on Thursday, November 9th. BidaskClub cut BWX Technologies from a buy rating to a hold rating in a research report on Wednesday, November 8th. Robert W. Baird assumed coverage on BWX Technologies in a research report on Tuesday, October 24th. They issued an outperform rating and a $70.00 price target on the stock. Finally, Bank of America boosted their price target on BWX Technologies from $60.00 to $65.00 and gave the stock a buy rating in a research report on Thursday, October 5th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $62.14.
Shares of BWX Technologies (NYSE BWXT) traded down $1.02 on Monday, hitting $60.96. The stock had a trading volume of 429,000 shares, compared to its average volume of 700,310. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.81 and a current ratio of 1.81. BWX Technologies has a 12-month low of $37.63 and a 12-month high of $62.85. The company has a market cap of $6,161.04, a PE ratio of 30.53, a P/E/G ratio of 2.42 and a beta of 0.47.
BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, November 6th. The technology company reported $0.46 EPS for the quarter, hitting analysts’ consensus estimates of $0.46. BWX Technologies had a return on equity of 88.05% and a net margin of 11.89%. The firm had revenue of $419.36 million for the quarter, compared to analysts’ expectations of $420.39 million. During the same period in the previous year, the firm posted $0.39 EPS. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. sell-side analysts forecast that BWX Technologies will post 2.08 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Monday, November 20th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.44 dividend on an annualized basis and a yield of 0.72%. BWX Technologies’s payout ratio is currently 22.45%.
In related news, Chairman John A. Fees sold 21,453 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $60.21, for a total value of $1,291,685.13. Following the completion of the transaction, the chairman now directly owns 87,919 shares in the company, valued at approximately $5,293,602.99. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David S. Black sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $59.93, for a total transaction of $59,930.00. Following the completion of the transaction, the chief financial officer now owns 63,979 shares of the company’s stock, valued at $3,834,261.47. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,453 shares of company stock valued at $1,410,615. 0.76% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in BWXT. Sterling Capital Management LLC raised its stake in BWX Technologies by 12.9% during the 3rd quarter. Sterling Capital Management LLC now owns 60,975 shares of the technology company’s stock valued at $3,416,000 after buying an additional 6,961 shares during the last quarter. Alkeon Capital Management LLC raised its stake in BWX Technologies by 7.1% during the 3rd quarter. Alkeon Capital Management LLC now owns 1,354,132 shares of the technology company’s stock valued at $75,859,000 after buying an additional 90,000 shares during the last quarter. California Public Employees Retirement System raised its stake in BWX Technologies by 6.0% during the 3rd quarter. California Public Employees Retirement System now owns 285,919 shares of the technology company’s stock valued at $16,017,000 after buying an additional 16,219 shares during the last quarter. Bamco Inc. NY raised its stake in BWX Technologies by 9.0% during the 3rd quarter. Bamco Inc. NY now owns 480,359 shares of the technology company’s stock valued at $26,910,000 after buying an additional 39,840 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in BWX Technologies by 349.4% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 20,160 shares of the technology company’s stock valued at $1,129,000 after buying an additional 15,674 shares during the last quarter. Institutional investors own 95.50% 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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