BWX Technologies, Inc. (NYSE:BWXT) Given Average Rating of “Buy” by Brokerages


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Shares of BWX Technologies, Inc. (NYSE:BWXT) have been assigned an average recommendation of “Buy” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $72.75.

BWXT has been the topic of a number of research reports. Robert W. Baird cut shares of BWX Technologies from an “outperform” rating to a “neutral” rating and set a $70.00 price objective on the stock. in a research note on Thursday, January 7th. Maxim Group lifted their price objective on shares of BWX Technologies from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, April 14th.

In other news, CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 11th. The shares were sold at an average price of $61.09, for a total transaction of $61,090.00. Following the completion of the sale, the chief financial officer now owns 73,967 shares of the company’s stock, valued at $4,518,644.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 3,300 shares of company stock valued at $205,752 in the last three months. Corporate insiders own 0.46% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. SOA Wealth Advisors LLC. acquired a new position in BWX Technologies in the fourth quarter worth $34,000. Fieldpoint Private Securities LLC acquired a new position in BWX Technologies in the fourth quarter worth $38,000. International Assets Investment Management LLC acquired a new position in shares of BWX Technologies during the fourth quarter valued at $42,000. Meeder Asset Management Inc. boosted its holdings in shares of BWX Technologies by 4,116.9% during the first quarter. Meeder Asset Management Inc. now owns 2,488 shares of the technology company’s stock valued at $164,000 after acquiring an additional 2,429 shares during the period. Finally, CIBC Asset Management Inc bought a new stake in shares of BWX Technologies during the fourth quarter valued at about $213,000. 96.05% of the stock is owned by hedge funds and other institutional investors.

BWXT stock traded down $0.06 on Thursday, hitting $67.21. The company’s stock had a trading volume of 2,723 shares, compared to its average volume of 396,794. The stock has a market cap of $6.39 billion, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 2.13 and a beta of 0.96. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.64. BWX Technologies has a 1 year low of $49.60 and a 1 year high of $68.67. The firm has a 50 day moving average of $66.40 and a two-hundred day moving average of $60.25.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Sunday, May 2nd. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.02. The business had revenue of $528.00 million during the quarter, compared to the consensus estimate of $531.68 million. BWX Technologies had a net margin of 13.27% and a return on equity of 61.50%. The business’s revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.79 EPS. As a group, equities analysts forecast that BWX Technologies will post 3 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 26th. Stockholders of record on Wednesday, March 10th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, March 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.25%. This is an increase from BWX Technologies’s previous quarterly dividend of $0.19. BWX Technologies’s dividend payout ratio (DPR) is presently 32.06%.

About BWX Technologies

BWX Technologies, Inc manufactures and sells nuclear components in the United States, Canada, and internationally. Its Nuclear Operations Group segment offers nuclear components, reactors, assemblies, and fuel for the United States Department of Energy/National Nuclear Security Administration's Naval Nuclear Propulsion Program and other uses; close-tolerance equipment for nuclear applications; research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications.

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