BWX Technologies (BWXT) Earns Daily Coverage Optimism Score of 0.10
Media headlines about BWX Technologies (NYSE:BWXT) have trended somewhat positive on Sunday, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. BWX Technologies earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 46.0762713064096 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
A number of brokerages have recently weighed in on BWXT. BidaskClub lowered BWX Technologies from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. ValuEngine lowered BWX Technologies from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Robert W. Baird began coverage on BWX Technologies in a research report on Tuesday, October 24th. They issued an “outperform” rating and a $70.00 price objective on the stock. SunTrust Banks reiterated a “buy” rating and issued a $62.00 price objective on shares of BWX Technologies in a research report on Monday, October 2nd. Finally, Zacks Investment Research lowered BWX Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. BWX Technologies has a consensus rating of “Buy” and a consensus price target of $61.67.
Shares of BWX Technologies (BWXT) traded up $0.21 during mid-day trading on Friday, hitting $61.98. The stock had a trading volume of 312,314 shares, compared to its average volume of 403,030. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.59. 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 $6,161.06, a price-to-earnings ratio of 30.53, a P/E/G ratio of 2.42 and a beta of 0.47.
BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, November 6th. The technology company reported $0.46 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. BWX Technologies had a return on equity of 88.05% and a net margin of 11.89%. The company had revenue of $419.36 million for the quarter, compared to analyst estimates of $420.39 million. During the same period in the previous year, the company posted $0.39 earnings per share. The firm’s revenue was up 10.5% on a year-over-year basis. research analysts forecast that BWX Technologies will post 2.08 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Monday, November 20th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, November 17th. This represents a $0.44 annualized dividend and a dividend yield of 0.71%. BWX Technologies’s dividend payout ratio is presently 22.45%.
In related news, Chairman John A. Fees sold 21,453 shares of BWX Technologies stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $60.21, for a total transaction of $1,291,685.13. Following the sale, the chairman now directly owns 87,919 shares in the company, valued at $5,293,602.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $59.93, for a total value of $59,930.00. Following the sale, the chief financial officer now owns 63,979 shares in the company, valued at $3,834,261.47. The disclosure for this sale can be found here. Insiders have sold 23,453 shares of company stock worth $1,410,615 over the last 90 days. 0.76% of the stock is currently owned by corporate insiders.
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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