Zacks Investment Research lowered shares of BWX Technologies, Inc. (NYSE:BWXT) from a buy rating to a hold rating in a research report released on Thursday.
According to Zacks, “BWX Technologies, Inc. supplies precision manufactured components and services to the commercial nuclear power industry. The company offers technical, management and site services to governments in complex facilities and environmental remediation activities. It operates primarily in Lynchburg, Va., Ohio and Cambridge, Ontario. BWX Technologies, Inc., formerly known as Babcock & Wilcox Company, is headquartered in Lynchburg, Va. “
Several other equities analysts have also issued reports on the company. BidaskClub lowered BWX Technologies from a buy rating to a hold rating in a research note on Wednesday, November 8th. Robert W. Baird assumed coverage on BWX Technologies in a research note on Tuesday, October 24th. They set an outperform rating and a $70.00 price target on the stock. Bank of America Corporation boosted their price target on BWX Technologies from $60.00 to $65.00 and gave the company a buy rating in a research note on Thursday, October 5th. ValuEngine lowered BWX Technologies from a buy rating to a hold rating in a research note on Monday, October 2nd. Finally, SunTrust Banks, Inc. restated a buy rating and set a $62.00 price target on shares of BWX Technologies in a research note on Monday, October 2nd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $61.67.
BWX Technologies (NYSE:BWXT) opened at $60.50 on Thursday. BWX Technologies has a 12 month low of $37.63 and a 12 month high of $61.88. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.81 and a current ratio of 1.81. The stock has a market capitalization of $6,013.92, a PE ratio of 29.80, a P/E/G ratio of 2.36 and a beta of 0.47.
BWX Technologies (NYSE:BWXT) last issued its quarterly 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 for the quarter, compared to analyst estimates of $420.39 million. During the same period in the previous year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. equities analysts anticipate that BWX Technologies will post 2.08 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Monday, November 20th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.44 annualized dividend and a dividend yield of 0.73%. BWX Technologies’s dividend payout ratio is currently 22.45%.
In other news, CFO David S. Black sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $59.00, for a total value of $59,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Harbour Group L.P. Blue sold 1,992,829 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $53.20, for a total value of $106,018,502.80. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of BWX Technologies by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 8,004,745 shares of the technology company’s stock valued at $390,232,000 after purchasing an additional 58,159 shares during the period. William Blair Investment Management LLC boosted its holdings in shares of BWX Technologies by 11.8% in the 2nd quarter. William Blair Investment Management LLC now owns 6,544,781 shares of the technology company’s stock worth $319,058,000 after acquiring an additional 691,035 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of BWX Technologies by 6.7% in the 2nd quarter. BlackRock Inc. now owns 5,374,992 shares of the technology company’s stock worth $262,030,000 after acquiring an additional 336,521 shares in the last quarter. Artisan Partners Limited Partnership boosted its holdings in shares of BWX Technologies by 210.9% in the 2nd quarter. Artisan Partners Limited Partnership now owns 4,100,416 shares of the technology company’s stock worth $199,895,000 after acquiring an additional 2,781,599 shares in the last quarter. Finally, Capital Research Global Investors boosted its holdings in shares of BWX Technologies by 11.1% in the 2nd quarter. Capital Research Global Investors now owns 3,464,262 shares of the technology company’s stock worth $168,883,000 after acquiring an additional 345,797 shares in the last quarter. Institutional investors own 94.31% of the company’s stock.
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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