BWX Technologies (BWXT) Now Covered by Analysts at Seaport Global Securities
Seaport Global Securities initiated coverage on shares of BWX Technologies (NYSE:BWXT) in a report released on Wednesday. The brokerage set a “buy” rating and a $72.00 price target on the technology company’s stock. Seaport Global Securities’ target price points to a potential upside of 17.32% from the stock’s previous close.
Several other research analysts also recently commented on BWXT. BidaskClub downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. SunTrust Banks reaffirmed a “buy” rating and issued a $62.00 target price on shares of BWX Technologies in a research note on Monday, October 2nd. ValuEngine downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Bank of America boosted their price objective on shares of BWX Technologies from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, October 5th. Finally, Robert W. Baird initiated coverage on shares of BWX Technologies in a research report on Tuesday, October 24th. They set an “outperform” rating and a $70.00 price objective on the stock. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $63.38.
BWX Technologies (NYSE:BWXT) opened at $61.37 on Wednesday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.59. BWX Technologies has a one year low of $39.55 and a one year high of $62.85. The company has a market cap of $6,100.00, a price-to-earnings ratio of 30.84, a P/E/G ratio of 2.40 and a beta of 0.48.
BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, November 6th. The technology company reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. BWX Technologies had a net margin of 11.89% and a return on equity of 88.05%. The company had revenue of $419.36 million for the quarter, compared to the consensus estimate of $420.39 million. During the same period in the previous year, the firm earned $0.39 earnings per share. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. analysts anticipate that BWX Technologies will post 2.07 EPS for the current year.
In other news, Chairman John A. Fees sold 21,453 shares of the company’s stock in a transaction dated 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 sale, the chairman now directly owns 87,919 shares of the company’s stock, valued at approximately $5,293,602.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David S. Black sold 1,000 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 63,979 shares in the company, valued at $3,834,261.47. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,453 shares of company stock worth $1,413,495. Insiders own 0.76% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP grew its position in shares of BWX Technologies by 11.2% in the 2nd quarter. Quantbot Technologies LP now owns 2,453 shares of the technology company’s stock worth $119,000 after buying an additional 248 shares during the period. Federated Investors Inc. PA purchased a new stake in shares of BWX Technologies in the 2nd quarter worth about $151,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of BWX Technologies by 23.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,784 shares of the technology company’s stock worth $184,000 after buying an additional 721 shares during the period. Globeflex Capital L P purchased a new stake in shares of BWX Technologies in the 2nd quarter worth about $193,000. Finally, Oppenheimer Asset Management Inc. grew its position in shares of BWX Technologies by 64.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 4,268 shares of the technology company’s stock worth $208,000 after buying an additional 1,673 shares during the period. 95.49% of the stock is currently owned by hedge funds and other institutional investors.
BWX Technologies Company Profile
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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