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. “
Other equities analysts also recently issued reports about the company. TheStreet upgraded BWX Technologies from a c+ rating to a b- rating in a report on Monday, April 29th. Maxim Group restated a buy rating and issued a $71.00 price objective (up from $68.00) on shares of BWX Technologies in a report on Thursday, June 20th. Finally, Bank of America downgraded BWX Technologies from a neutral rating to an underperform rating and set a $52.00 price objective on the stock. in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. BWX Technologies currently has a consensus rating of Hold and a consensus price target of $54.33.
NYSE BWXT opened at $51.03 on Monday. The stock’s 50-day simple moving average is $48.93. BWX Technologies has a twelve month low of $35.91 and a twelve month high of $67.42. The stock has a market capitalization of $4.85 billion, a P/E ratio of 21.35, a PEG ratio of 2.34 and a beta of 1.02. The company has a debt-to-equity ratio of 3.52, a current ratio of 1.77 and a quick ratio of 1.77.
BWX Technologies (NYSE:BWXT) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.09). The firm had revenue of $416.45 million during the quarter, compared to analysts’ expectations of $465.11 million. BWX Technologies had a return on equity of 76.60% and a net margin of 11.91%. During the same quarter last year, the business earned $0.67 earnings per share. Sell-side analysts predict that BWX Technologies will post 2.47 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Friday, May 17th were issued a $0.17 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.33%. BWX Technologies’s dividend payout ratio (DPR) is 28.45%.
In other news, CFO David S. Black sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $50.50, for a total value of $101,000.00. Following the transaction, the chief financial officer now directly owns 81,361 shares in the company, valued at approximately $4,108,730.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.44% of the company’s stock.
Several hedge funds have recently bought and sold shares of BWXT. Shapiro Capital Management LLC grew its stake in shares of BWX Technologies by 171.1% in the fourth quarter. Shapiro Capital Management LLC now owns 3,962,354 shares of the technology company’s stock valued at $151,481,000 after buying an additional 2,500,913 shares in the last quarter. Brown Advisory Inc. grew its stake in shares of BWX Technologies by 14.5% in the fourth quarter. Brown Advisory Inc. now owns 5,811,393 shares of the technology company’s stock valued at $222,170,000 after buying an additional 734,736 shares in the last quarter. FMR LLC grew its stake in shares of BWX Technologies by 77.1% in the fourth quarter. FMR LLC now owns 1,202,335 shares of the technology company’s stock valued at $45,965,000 after buying an additional 523,473 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of BWX Technologies by 146.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 418,291 shares of the technology company’s stock valued at $15,991,000 after buying an additional 248,634 shares in the last quarter. Finally, CI Investments Inc. acquired a new stake in shares of BWX Technologies in the fourth quarter valued at about $7,803,000.
About BWX Technologies
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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