BWX Technologies, Inc. (NYSE:BWXT) – Stock analysts at SunTrust Banks upped their FY2018 earnings estimates for shares of BWX Technologies in a research report issued on Monday. SunTrust Banks analyst M. Ciarmoli now anticipates that the technology company will earn $2.73 per share for the year, up from their previous forecast of $2.31. SunTrust Banks currently has a “Buy” rating and a $62.00 target price on the stock. SunTrust Banks also issued estimates for BWX Technologies’ FY2019 earnings at $2.88 EPS.
Several other research firms have also commented on BWXT. Zacks Investment Research raised shares of BWX Technologies from a “sell” rating to a “hold” rating and set a $69.00 price target for the company in a research report on Tuesday. BidaskClub raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. ValuEngine lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Seaport Global Securities initiated coverage on shares of BWX Technologies in a report on Wednesday. They issued a “buy” rating and a $72.00 target price for the company. Finally, Bank of America increased their target price on shares of BWX Technologies from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, October 5th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $64.50.
BWX Technologies (NYSE:BWXT) traded up $0.66 during midday trading on Wednesday, hitting $62.89. 559,522 shares of the stock traded hands, compared to its average volume of 508,356. BWX Technologies has a 12-month low of $40.22 and a 12-month high of $63.12. The stock has a market cap of $6,250.00, a price-to-earnings ratio of 31.60, a P/E/G ratio of 2.40 and a beta of 0.48. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.59.
BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, November 6th. The technology company reported $0.46 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. BWX Technologies had a net margin of 11.89% and a return on equity of 88.05%. The firm had revenue of $419.36 million during the quarter, compared to analyst estimates of $420.39 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Parametric Portfolio Associates LLC grew its holdings in BWX Technologies by 8.4% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 425,919 shares of the technology company’s stock valued at $23,860,000 after buying an additional 32,854 shares in the last quarter. Sterling Capital Management LLC grew its holdings in BWX Technologies by 12.9% during the 3rd quarter. Sterling Capital Management LLC now owns 60,975 shares of the technology company’s stock valued at $3,416,000 after buying an additional 6,961 shares in the last quarter. Alkeon Capital Management LLC grew its holdings in BWX Technologies by 7.1% during the 3rd quarter. Alkeon Capital Management LLC now owns 1,354,132 shares of the technology company’s stock valued at $75,859,000 after buying an additional 90,000 shares in the last quarter. California Public Employees Retirement System grew its holdings in BWX Technologies by 6.0% during the 3rd quarter. California Public Employees Retirement System now owns 285,919 shares of the technology company’s stock valued at $16,017,000 after buying an additional 16,219 shares in the last quarter. Finally, Bamco Inc. NY grew its holdings in BWX Technologies by 9.0% during the 3rd quarter. Bamco Inc. NY now owns 480,359 shares of the technology company’s stock valued at $26,910,000 after buying an additional 39,840 shares in the last quarter. 95.49% of the stock is owned by institutional investors and hedge funds.
In related news, Chairman John A. Fees sold 21,453 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $60.21, for a total value of $1,291,685.13. Following the completion of the sale, the chairman now directly owns 87,919 shares of the company’s stock, valued at approximately $5,293,602.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David S. Black sold 1,000 shares of the stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $61.55, for a total transaction of $61,550.00. Following the completion of the sale, the chief financial officer now directly owns 61,979 shares of the company’s stock, valued at $3,814,807.45. The disclosure for this sale can be found here. Insiders sold a total of 24,453 shares of company stock valued at $1,475,045 over the last three months. 0.76% of the stock is currently owned by insiders.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Monday, November 20th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.70%. The ex-dividend date was Friday, November 17th. BWX Technologies’s dividend payout ratio is 22.11%.
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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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