BWX Technologies (BWXT) Hits New 1-Year High at $62.01
BWX Technologies, Inc. (NYSE:BWXT) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $62.01 and last traded at $60.96, with a volume of 467900 shares trading hands. The stock had previously closed at $61.33.
A number of research firms have recently issued reports on BWXT. BidaskClub lowered BWX Technologies from a “buy” rating to a “hold” rating in a report on Friday, September 15th. ValuEngine lowered BWX Technologies from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. SunTrust Banks reissued a “buy” rating and issued a $62.00 target price on shares of BWX Technologies in a report on Monday, October 2nd. Robert W. Baird began coverage on BWX Technologies in a report on Tuesday, October 24th. They issued an “outperform” rating and a $70.00 target price on the stock. Finally, Bank of America reissued a “buy” rating and issued a $55.00 target price on shares of BWX Technologies in a report on Thursday, August 10th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. BWX Technologies presently has a consensus rating of “Buy” and a consensus price target of $61.67.
The firm has a market capitalization of $6,096.42, a price-to-earnings ratio of 30.21, a price-to-earnings-growth ratio of 2.39 and a beta of 0.47. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.81 and a quick ratio of 1.81.
BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, November 6th. The technology company reported $0.46 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.46. BWX Technologies had a return on equity of 88.05% and a net margin of 11.89%. The firm had revenue of $419.36 million for the quarter, compared to analyst estimates of $420.39 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. BWX Technologies’s quarterly revenue was up 10.5% on a year-over-year basis. sell-side analysts expect that BWX Technologies, Inc. will post 2.08 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Monday, November 20th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Friday, November 17th. BWX Technologies’s dividend payout ratio is presently 22.45%.
In other BWX Technologies news, insider Harbour Group L.P. Blue sold 1,992,829 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $53.20, for a total transaction of $106,018,502.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO David S. Black sold 1,000 shares of the business’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $59.00, for a total value of $59,000.00. The disclosure for this sale can be found here. Insiders have sold 2,016,282 shares of company stock worth $107,429,118 in the last ninety days. 0.76% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of BWXT. Quantbot Technologies LP boosted its position in BWX Technologies by 11.2% during the second quarter. Quantbot Technologies LP now owns 2,453 shares of the technology company’s stock worth $119,000 after purchasing an additional 248 shares in the last quarter. Federated Investors Inc. PA purchased a new stake in BWX Technologies during the second quarter worth $151,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in BWX Technologies by 23.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,784 shares of the technology company’s stock worth $184,000 after purchasing an additional 721 shares in the last quarter. Globeflex Capital L P purchased a new stake in BWX Technologies during the second quarter worth $193,000. Finally, Creative Planning boosted its position in BWX Technologies by 20.4% during the second quarter. Creative Planning now owns 4,045 shares of the technology company’s stock worth $197,000 after purchasing an additional 685 shares in the last quarter. Institutional investors own 95.53% 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.
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