BWX Technologies, Inc. (BWXT) Receives Consensus Rating of “Hold” from Brokerages
BWX Technologies, Inc. (NYSE:BWXT) has been assigned an average recommendation of “Hold” from the ten research firms that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $62.50.
BWXT has been the subject of several research analyst reports. BidaskClub lowered BWX Technologies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd. Bank of America raised their target price on BWX Technologies from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, October 5th. ValuEngine raised BWX Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. SunTrust Banks reaffirmed a “buy” rating and set a $62.00 target price 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.
In other news, CFO David S. Black sold 1,000 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $61.88, for a total transaction of $61,880.00. Following the completion of the transaction, the chief financial officer now owns 62,979 shares in the company, valued at approximately $3,897,140.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman John A. Fees sold 21,453 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $60.21, for a total value of $1,291,685.13. Following the transaction, the chairman now owns 87,919 shares of the company’s stock, valued at approximately $5,293,602.99. The disclosure for this sale can be found here. Insiders have sold a total of 24,453 shares of company stock valued at $1,472,495 in the last quarter. 0.76% of the stock is owned by corporate insiders.
Shares of BWX Technologies (NYSE:BWXT) opened at $61.02 on Thursday. BWX Technologies has a 12-month low of $39.01 and a 12-month high of $62.85. The stock has a market capitalization of $6,067.60, a price-to-earnings ratio of 30.07, a PEG ratio of 2.64 and a beta of 0.47. 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 (NYSE:BWXT) last announced its earnings results on Monday, November 6th. The technology company reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 during the quarter, compared to analyst estimates of $420.39 million. During the same period last year, the firm posted $0.39 EPS. The business’s revenue was up 10.5% compared to the same quarter last year. sell-side analysts predict that BWX Technologies will post 2.07 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 13th. Stockholders of record on Monday, November 20th were paid a dividend of $0.11 per share. The ex-dividend date was Friday, November 17th. This represents a $0.44 annualized dividend and a dividend yield of 0.72%. BWX Technologies’s payout ratio is 22.45%.
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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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