BWX Technologies Inc. (BWXT) Downgraded by Zacks Investment Research
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. “
Shares of BWX Technologies (NYSE:BWXT) opened at 37.88 on Tuesday. BWX Technologies has a one year low of $26.89 and a one year high of $39.70. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 19.26 and a beta of 0.49. The stock has a 50 day moving average of $38.69 and a 200-day moving average of $36.08.
BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.38 by $0.06. BWX Technologies had a net margin of 14.07% and a return on equity of 60.44%. The firm earned $402.38 million during the quarter, compared to analyst estimates of $367.04 million. During the same quarter in the prior year, the business posted $0.32 earnings per share. BWX Technologies’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, equities analysts anticipate that BWX Technologies will post $1.66 earnings per share for the current fiscal year.
In related news, insider Joseph G. Henry sold 16,032 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $39.28, for a total transaction of $629,736.96. Following the completion of the transaction, the insider now owns 36,425 shares of the company’s stock, valued at $1,430,774. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP James D. Canafax sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $38.29, for a total transaction of $172,305.00. Following the transaction, the senior vice president now directly owns 72,100 shares of the company’s stock, valued at approximately $2,760,709. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.
A number of institutional investors have recently modified their holdings of BWXT. M&T Bank Corp raised its position in shares of BWX Technologies by 1.1% in the second quarter. M&T Bank Corp now owns 6,639 shares of the company’s stock valued at $236,000 after buying an additional 69 shares during the period. American Century Companies Inc. increased its stake in BWX Technologies by 3.5% in the second quarter. American Century Companies Inc. now owns 7,618 shares of the company’s stock valued at $272,000 after buying an additional 259 shares in the last quarter. Glenmede Trust Co. NA increased its stake in BWX Technologies by 4.5% in the second quarter. Glenmede Trust Co. NA now owns 10,735 shares of the company’s stock valued at $383,000 after buying an additional 460 shares in the last quarter. Teacher Retirement System of Texas increased its stake in BWX Technologies by 6.6% in the second quarter. Teacher Retirement System of Texas now owns 13,227 shares of the company’s stock valued at $473,000 after buying an additional 824 shares in the last quarter. Finally, I.G. Investment Management LTD. increased its stake in BWX Technologies by 9.4% in the second quarter. I.G. Investment Management LTD. now owns 12,549 shares of the company’s stock valued at $449,000 after buying an additional 1,075 shares in the last quarter. 94.36% of the stock is owned by hedge funds and other institutional investors.
BWX Technologies Company Profile
BWX Technologies, Inc, formerly The Babcock & Wilcox Company, 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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