BWX Technologies (BWXT) Reaches New 52-Week High at $66.39
BWX Technologies Inc (NYSE:BWXT) hit a new 52-week high during trading on Wednesday . The stock traded as high as $66.39 and last traded at $66.29, with a volume of 241071 shares trading hands. The stock had previously closed at $64.32.
BWXT has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Wells Fargo initiated coverage on shares of BWX Technologies in a research note on Monday, December 11th. They set a “market perform” rating and a $65.00 price objective on the stock. Seaport Global Securities initiated coverage on shares of BWX Technologies in a research note on Wednesday, January 10th. They set a “buy” rating and a $72.00 price objective on the stock. ValuEngine upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Alembic Global Advisors reiterated a “buy” rating on shares of BWX Technologies in a research note on Tuesday, March 6th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $65.88.
The company has a debt-to-equity ratio of 1.68, a current ratio of 1.65 and a quick ratio of 1.65. The stock has a market cap of $6,399.04, a PE ratio of 44.72, a PEG ratio of 2.29 and a beta of 0.51.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Monday, March 12th will be given a $0.16 dividend. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Friday, March 9th. This represents a $0.64 annualized dividend and a yield of 0.98%. BWX Technologies’s payout ratio is 43.84%.
In other BWX Technologies news, CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $64.44, for a total value of $64,440.00. Following the transaction, the chief financial officer now owns 71,874 shares in the company, valued at $4,631,560.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last 90 days, insiders sold 3,000 shares of company stock worth $186,350. 0.76% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. acquired a new position in BWX Technologies in the fourth quarter worth approximately $256,000. Gotham Asset Management LLC grew its position in BWX Technologies by 312.7% in the fourth quarter. Gotham Asset Management LLC now owns 232,763 shares of the technology company’s stock worth $14,080,000 after buying an additional 176,357 shares during the last quarter. BB&T Securities LLC grew its position in BWX Technologies by 63.9% in the fourth quarter. BB&T Securities LLC now owns 7,929 shares of the technology company’s stock worth $479,000 after buying an additional 3,092 shares during the last quarter. Metropolitan Life Insurance Co. NY acquired a new position in BWX Technologies in the fourth quarter worth approximately $424,000. Finally, Macquarie Group Ltd. grew its position in BWX Technologies by 21.5% in the fourth quarter. Macquarie Group Ltd. now owns 61,332 shares of the technology company’s stock worth $3,710,000 after buying an additional 10,872 shares during the last quarter. Hedge funds and other institutional investors own 94.57% of the company’s stock.
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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