BWX Technologies (BWXT) Receiving Somewhat Negative Press Coverage, Report Finds
Headlines about BWX Technologies (NYSE:BWXT) have been trending somewhat negative on Wednesday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. BWX Technologies earned a news impact score of -0.02 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an impact on the company’s share price in the next several days.
Shares of BWX Technologies (BWXT) traded down 0.17% on Wednesday, hitting $46.84. The stock had a trading volume of 140,995 shares. The firm has a 50 day moving average price of $48.75 and a 200 day moving average price of $45.05. BWX Technologies has a one year low of $33.85 and a one year high of $51.00. The company has a market capitalization of $4.64 billion, a P/E ratio of 25.50 and a beta of 0.42.
BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, May 1st. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.09. The firm had revenue of $428.23 million during the quarter, compared to analysts’ expectations of $391.71 million. BWX Technologies had a return on equity of 98.16% and a net margin of 11.63%. The company’s revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. On average, equities research analysts predict that BWX Technologies will post $1.99 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 6th. Shareholders of record on Tuesday, May 16th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Friday, May 12th. This is a boost from BWX Technologies’s previous quarterly dividend of $0.09. BWX Technologies’s dividend payout ratio is 24.04%.
A number of equities analysts recently issued reports on BWXT shares. TheStreet upgraded BWX Technologies from a “c+” rating to a “b” rating in a report on Tuesday, March 21st. Credit Suisse Group started coverage on BWX Technologies in a report on Friday, June 9th. They issued a “neutral” rating and a $51.00 target price on the stock. BidaskClub cut BWX Technologies from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Zacks Investment Research upgraded BWX Technologies from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Tuesday, March 21st. Finally, Bank of America Corporation upgraded BWX Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $43.00 to $55.00 in a report on Tuesday, March 21st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $51.50.
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In other BWX Technologies news, insider Harbour Group L.P. Blue sold 3,295,098 shares of the stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $47.43, for a total transaction of $156,286,498.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph G. Henry sold 32,895 shares of the stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $50.10, for a total value of $1,648,039.50. Following the transaction, the insider now owns 32,616 shares of the company’s stock, valued at approximately $1,634,061.60. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by corporate insiders.
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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