BWX Technologies Inc (NYSE:BWXT) – Analysts at Seaport Global Securities lowered their Q1 2019 EPS estimates for shares of BWX Technologies in a research report issued to clients and investors on Tuesday, August 14th. Seaport Global Securities analyst J. Sullivan now forecasts that the technology company will post earnings of $0.63 per share for the quarter, down from their prior estimate of $0.67. Seaport Global Securities also issued estimates for BWX Technologies’ Q2 2019 earnings at $0.69 EPS and FY2019 earnings at $2.90 EPS.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, August 6th. The technology company reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.02). The business had revenue of $438.92 million during the quarter, compared to analyst estimates of $445.70 million. BWX Technologies had a net margin of 9.05% and a return on equity of 66.19%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business earned $0.56 EPS.

BWXT has been the topic of several other research reports. Credit Suisse Group decreased their price objective on BWX Technologies from $72.00 to $64.00 and set a “neutral” rating on the stock in a report on Tuesday, May 22nd. Bank of America lowered BWX Technologies from a “buy” rating to a “neutral” rating and set a $70.00 price objective on the stock. in a report on Thursday, May 24th. They noted that the move was a valuation call. Wells Fargo & Co reissued a “market perform” rating and set a $65.00 price objective on shares of BWX Technologies in a report on Tuesday, May 8th. Zacks Investment Research lowered BWX Technologies from a “buy” rating to a “hold” rating in a report on Thursday, May 10th. Finally, ValuEngine lowered BWX Technologies from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. BWX Technologies currently has a consensus rating of “Hold” and a consensus target price of $71.11.

BWXT opened at $62.98 on Thursday. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of 30.72, a price-to-earnings-growth ratio of 2.24 and a beta of 0.51. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 1.72. BWX Technologies has a 12-month low of $52.94 and a 12-month high of $72.18.

A number of hedge funds have recently made changes to their positions in BWXT. Cambridge Investment Research Advisors Inc. acquired a new stake in BWX Technologies in the 4th quarter valued at $256,000. FDx Advisors Inc. boosted its stake in BWX Technologies by 28.5% in the 1st quarter. FDx Advisors Inc. now owns 16,861 shares of the technology company’s stock valued at $1,071,000 after buying an additional 3,743 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in BWX Technologies by 0.9% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 109,599 shares of the technology company’s stock valued at $6,963,000 after buying an additional 1,031 shares in the last quarter. Comerica Bank boosted its stake in BWX Technologies by 24.6% in the 1st quarter. Comerica Bank now owns 22,338 shares of the technology company’s stock valued at $1,577,000 after buying an additional 4,404 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in BWX Technologies by 62.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 39,200 shares of the technology company’s stock valued at $2,528,000 after buying an additional 15,000 shares in the last quarter. 96.61% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Joseph G. Henry sold 7,774 shares of the business’s stock in a transaction on Friday, June 8th. The stock was sold at an average price of $66.60, for a total value of $517,748.40. Following the sale, the insider now owns 10,639 shares of the company’s stock, valued at approximately $708,557.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David S. Black sold 1,000 shares of the business’s stock in a transaction on Monday, June 11th. The shares were sold at an average price of $67.29, for a total value of $67,290.00. Following the completion of the sale, the chief financial officer now directly owns 68,874 shares in the company, valued at approximately $4,634,531.46. The disclosure for this sale can be found here. Insiders have sold a total of 10,774 shares of company stock worth $711,208 in the last three months. 0.52% of the stock is owned by insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 7th. Stockholders of record on Monday, August 20th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, August 17th. BWX Technologies’s payout ratio is presently 31.22%.

BWX Technologies Company Profile

BWX Technologies, Inc manufactures and sells nuclear components to the United States government. The company operates in three segments: Nuclear Operations, Technical Services, and Nuclear Energy. The Nuclear Operations segment offers precision naval nuclear components and reactors; close-tolerance and equipment for nuclear applications; and components for defense applications, as well as critical nuclear components, fuels, and assemblies for government and other uses.

See Also: Earnings Per Share (EPS)

Earnings History and Estimates for BWX Technologies (NYSE:BWXT)

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