BWX Technologies Inc (NYSE:BWXT) has been assigned a consensus rating of “Hold” from the ten research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $64.43.
A number of analysts have recently issued reports on the company. Credit Suisse Group upgraded BWX Technologies from a “neutral” rating to an “outperform” rating and set a $72.00 target price for the company in a report on Wednesday, May 27th. Maxim Group increased their price objective on BWX Technologies from $62.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Bank of America raised BWX Technologies from an “underperform” rating to a “neutral” rating and set a $60.00 target price on the stock in a research note on Thursday, May 7th. Zacks Investment Research lowered shares of BWX Technologies from a “hold” rating to a “sell” rating in a research report on Friday, July 17th. Finally, TheStreet raised shares of BWX Technologies from a “c+” rating to a “b-” rating in a research report on Wednesday, May 13th.
BWXT stock opened at $54.52 on Tuesday. BWX Technologies has a one year low of $40.40 and a one year high of $70.57. The firm has a 50-day moving average of $55.32 and a two-hundred day moving average of $56.88. The firm has a market capitalization of $5.19 billion, a PE ratio of 19.27, a P/E/G ratio of 2.84 and a beta of 0.99. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 2.12.
BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, May 4th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.17. BWX Technologies had a net margin of 13.39% and a return on equity of 74.99%. The business had revenue of $542.21 million for the quarter, compared to analyst estimates of $460.13 million. During the same quarter in the previous year, the business earned $0.67 earnings per share. On average, equities research analysts anticipate that BWX Technologies will post 2.8 earnings per share for the current year.
In other news, CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $59.41, for a total transaction of $59,410.00. Following the transaction, the chief financial officer now owns 78,551 shares in the company, valued at approximately $4,666,714.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John A. Fees sold 17,242 shares of BWX Technologies stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $61.09, for a total transaction of $1,053,313.78. Following the completion of the sale, the director now directly owns 76,587 shares of the company’s stock, valued at approximately $4,678,699.83. The disclosure for this sale can be found here. In the last three months, insiders sold 22,542 shares of company stock valued at $1,370,936. 0.46% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in BWXT. Total Clarity Wealth Management Inc. bought a new position in shares of BWX Technologies in the 4th quarter valued at approximately $47,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of BWX Technologies in the fourth quarter valued at approximately $50,000. Harvest Fund Management Co. Ltd lifted its stake in shares of BWX Technologies by 354.2% in the first quarter. Harvest Fund Management Co. Ltd now owns 1,776 shares of the technology company’s stock worth $86,000 after buying an additional 1,385 shares during the last quarter. Cerebellum GP LLC bought a new stake in shares of BWX Technologies during the 2nd quarter worth $128,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of BWX Technologies by 544.3% during the 1st quarter. Rockefeller Capital Management L.P. now owns 2,693 shares of the technology company’s stock worth $131,000 after buying an additional 2,275 shares during the period.
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.
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