BWX Technologies (BWXT) Rating Increased to Buy at ValuEngine
ValuEngine upgraded shares of BWX Technologies (NYSE:BWXT) from a hold rating to a buy rating in a research report released on Thursday morning.
BWXT has been the topic of several other reports. Zacks Investment Research lowered shares of BWX Technologies from a buy rating to a hold rating in a report on Monday, January 29th. Wells Fargo & Co initiated coverage on shares of BWX Technologies in a report on Monday, December 11th. They issued a market perform rating and a $65.00 price objective on the stock. BidaskClub lowered shares of BWX Technologies from a strong-buy rating to a buy rating in a report on Thursday, November 2nd. SunTrust Banks restated a buy rating and issued a $70.00 price objective on shares of BWX Technologies in a report on Friday, January 19th. Finally, Seaport Global Securities initiated coverage on shares of BWX Technologies in a report on Wednesday, January 10th. They issued a buy rating and a $72.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. BWX Technologies currently has an average rating of Buy and an average price target of $65.88.
BWX Technologies (NYSE:BWXT) opened at $63.77 on Thursday. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.68. BWX Technologies has a fifty-two week low of $45.56 and a fifty-two week high of $65.38. The company has a market cap of $6,344.32, a P/E ratio of 31.26, a PEG ratio of 2.28 and a beta of 0.51.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Monday, March 12th will be paid a dividend of $0.16 per share. This is an increase from BWX Technologies’s previous quarterly dividend of $0.11. This represents a $0.64 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Friday, March 9th. BWX Technologies’s dividend payout ratio is presently 30.14%.
In related news, CFO David S. Black sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $61.88, for a total transaction of $61,880.00. Following the sale, the chief financial officer now directly owns 62,979 shares of the company’s stock, valued at approximately $3,897,140.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders have sold 3,000 shares of company stock worth $183,790. 0.76% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. purchased a new stake in BWX Technologies during the 4th quarter worth approximately $256,000. Gotham Asset Management LLC increased its position in shares of BWX Technologies by 312.7% in the 4th quarter. Gotham Asset Management LLC now owns 232,763 shares of the technology company’s stock valued at $14,080,000 after purchasing an additional 176,357 shares during the last quarter. BB&T Securities LLC increased its position in shares of BWX Technologies by 63.9% in the 4th quarter. BB&T Securities LLC now owns 7,929 shares of the technology company’s stock valued at $479,000 after purchasing an additional 3,092 shares during the last quarter. Metropolitan Life Insurance Co. NY purchased a new stake in shares of BWX Technologies in the 4th quarter valued at approximately $424,000. Finally, Macquarie Group Ltd. increased its position in shares of BWX Technologies by 21.5% in the 4th quarter. Macquarie Group Ltd. now owns 61,332 shares of the technology company’s stock valued at $3,710,000 after purchasing an additional 10,872 shares during the last quarter. 94.65% 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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