Brokerages forecast that BWX Technologies Inc (NYSE:BWXT) will report $451.18 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for BWX Technologies’ earnings, with the highest sales estimate coming in at $467.00 million and the lowest estimate coming in at $442.70 million. BWX Technologies reported sales of $403.86 million during the same quarter last year, which indicates a positive year-over-year growth rate of 11.7%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, February 27th.
According to Zacks, analysts expect that BWX Technologies will report full year sales of $451.18 million for the current fiscal year, with estimates ranging from $1.70 billion to $1.72 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.85 billion per share, with estimates ranging from $1.81 billion to $1.91 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover BWX Technologies.
BWXT has been the subject of several analyst reports. BidaskClub raised BWX Technologies from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 26th. Zacks Investment Research lowered BWX Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. ValuEngine lowered BWX Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Wells Fargo & Co began coverage on BWX Technologies in a research report on Monday, December 11th. They issued a “market perform” rating and a $65.00 price objective for the company. Finally, Robert W. Baird began coverage on BWX Technologies in a research report on Tuesday, October 24th. They issued an “outperform” rating and a $70.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $65.88.
In other news, CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $61.55, for a total value of $61,550.00. Following the completion of the transaction, the chief financial officer now directly owns 61,979 shares of the company’s stock, valued at approximately $3,814,807.45. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 3,000 shares of company stock valued at $183,790. Corporate insiders own 0.76% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors bought a new position in shares of BWX Technologies in the 4th quarter worth about $126,000. Cerebellum GP LLC bought a new stake in BWX Technologies in the 4th quarter valued at about $128,000. American International Group Inc. bought a new stake in BWX Technologies in the 4th quarter valued at about $134,000. Assetmark Inc. increased its position in BWX Technologies by 402.7% in the 4th quarter. Assetmark Inc. now owns 2,222 shares of the technology company’s stock valued at $134,000 after buying an additional 1,780 shares in the last quarter. Finally, First Manhattan Co. bought a new stake in BWX Technologies in the 4th quarter valued at about $184,000. 93.79% of the stock is owned by hedge funds and other institutional investors.
BWX Technologies (NYSE BWXT) opened at $64.12 on Tuesday. The stock has a market capitalization of $6,373.76, a price-to-earnings ratio of 31.59, a P/E/G ratio of 2.46 and a beta of 0.50. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.59. BWX Technologies has a 12-month low of $41.90 and a 12-month high of $65.06.
About BWX Technologies
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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