BidaskClub upgraded shares of BWX Technologies, Inc. (NYSE:BWXT) from a hold rating to a buy rating in a research report report published on Friday morning.

BWXT has been the subject of several other research reports. Sidoti reaffirmed a buy rating and set a $62.00 price target on shares of BWX Technologies in a research note on Wednesday, May 31st. ValuEngine raised BWX Technologies from a hold rating to a buy rating in a research note on Wednesday, September 6th. Bank of America Corporation reaffirmed a buy rating and set a $55.00 price target on shares of BWX Technologies in a research note on Thursday, August 10th. Zacks Investment Research raised BWX Technologies from a hold rating to a buy rating and set a $60.00 price target for the company in a research note on Thursday, August 10th. Finally, Credit Suisse Group began coverage on BWX Technologies in a research note on Friday, June 9th. They set a neutral rating and a $51.00 price target for the company. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. BWX Technologies has a consensus rating of Buy and a consensus target price of $52.83.

Shares of BWX Technologies (NYSE BWXT) traded up 2.76% during trading on Friday, reaching $56.24. The company’s stock had a trading volume of 783,496 shares. The stock has a market cap of $5.59 billion, a P/E ratio of 29.73 and a beta of 0.46. BWX Technologies has a 12-month low of $36.16 and a 12-month high of $56.37. The stock’s 50-day moving average is $53.74 and its 200-day moving average is $49.94.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, August 7th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.09. BWX Technologies had a return on equity of 107.13% and a net margin of 11.81%. The firm had revenue of $410.01 million during the quarter, compared to analyst estimates of $429.38 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue was up 1.9% compared to the same quarter last year. Equities research analysts anticipate that BWX Technologies will post $2.03 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Monday, August 21st were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $0.44 annualized dividend and a dividend yield of 0.78%. BWX Technologies’s dividend payout ratio is currently 23.28%.

In related news, insider Joseph G. Henry sold 15,000 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $53.81, for a total transaction of $807,150.00. Following the transaction, the insider now owns 10,639 shares in the company, valued at approximately $572,484.59. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Jason S. Kerr sold 1,365 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $54.13, for a total value of $73,887.45. Following the transaction, the vice president now owns 4,312 shares in the company, valued at approximately $233,408.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,009,194 shares of company stock worth $106,899,540. Company insiders own 0.76% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Alps Advisors Inc. increased its holdings in BWX Technologies by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 10,314 shares of the technology company’s stock valued at $503,000 after purchasing an additional 27 shares during the period. Van ECK Associates Corp increased its holdings in BWX Technologies by 0.9% during the 2nd quarter. Van ECK Associates Corp now owns 12,973 shares of the technology company’s stock valued at $632,000 after purchasing an additional 122 shares during the period. Utah Retirement Systems increased its holdings in BWX Technologies by 1.2% during the 2nd quarter. Utah Retirement Systems now owns 17,139 shares of the technology company’s stock valued at $835,000 after purchasing an additional 200 shares during the period. Thompson Siegel & Walmsley LLC increased its holdings in BWX Technologies by 0.8% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 24,862 shares of the technology company’s stock valued at $1,212,000 after purchasing an additional 200 shares during the period. Finally, Teacher Retirement System of Texas increased its holdings in BWX Technologies by 2.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 7,183 shares of the technology company’s stock valued at $350,000 after purchasing an additional 201 shares during the period. Institutional investors own 96.95% 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.

Analyst Recommendations for BWX Technologies (NYSE:BWXT)

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