BWX Technologies (BWXT) Downgraded by ValuEngine to “Hold”
ValuEngine lowered shares of BWX Technologies (NYSE:BWXT) from a buy rating to a hold rating in a report published on Friday morning.
Several other equities analysts have also commented on the company. Zacks Investment Research lowered BWX Technologies from a buy rating to a hold rating in a research note on Thursday, November 9th. BidaskClub lowered BWX Technologies from a buy rating to a hold rating in a research note on Wednesday, November 8th. Robert W. Baird began coverage on BWX Technologies in a research note on Tuesday, October 24th. They issued an outperform rating and a $70.00 target price for the company. Bank of America upped their target price on BWX Technologies from $60.00 to $65.00 and gave the company a buy rating in a research note on Thursday, October 5th. Finally, SunTrust Banks reiterated a buy rating and issued a $62.00 target price on shares of BWX Technologies in a research note on Monday, October 2nd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Buy and an average price target of $61.67.
BWX Technologies (NYSE BWXT) traded down $0.57 during midday trading on Friday, hitting $61.88. The stock had a trading volume of 481,246 shares, compared to its average volume of 536,369. BWX Technologies has a 12 month low of $37.63 and a 12 month high of $62.49. The firm has a market capitalization of $6,150.00, a PE ratio of 30.76, a price-to-earnings-growth ratio of 2.43 and a beta of 0.47. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.81 and a current ratio of 1.81.
BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, November 6th. The technology company reported $0.46 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. The firm had revenue of $419.36 million during the quarter, compared to analyst estimates of $420.39 million. BWX Technologies had a return on equity of 88.05% and a net margin of 11.89%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 earnings per share. analysts forecast that BWX Technologies will post 2.08 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Monday, November 20th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.44 annualized dividend and a yield of 0.71%. BWX Technologies’s dividend payout ratio is presently 22.11%.
In other news, insider Harbour Group L.P. Blue sold 1,992,829 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $53.20, for a total value of $106,018,502.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David S. Black sold 1,000 shares of the company’s stock in a transaction dated 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 valued at $107,429,118 over the last 90 days. 0.76% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its position in shares of BWX Technologies by 12.4% in the second quarter. Public Employees Retirement System of Ohio now owns 139,138 shares of the technology company’s stock worth $6,783,000 after buying an additional 15,367 shares during the period. Wells Fargo & Company MN boosted its position in shares of BWX Technologies by 310.0% in the second quarter. Wells Fargo & Company MN now owns 3,071,474 shares of the technology company’s stock worth $149,735,000 after buying an additional 2,322,309 shares during the period. Burgundy Asset Management Ltd. boosted its position in shares of BWX Technologies by 1.3% in the second quarter. Burgundy Asset Management Ltd. now owns 1,200,631 shares of the technology company’s stock worth $58,531,000 after buying an additional 15,430 shares during the period. Royal Bank of Canada boosted its position in shares of BWX Technologies by 3.4% in the second quarter. Royal Bank of Canada now owns 89,920 shares of the technology company’s stock worth $4,384,000 after buying an additional 2,986 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of BWX Technologies by 84.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 904,130 shares of the technology company’s stock worth $44,076,000 after buying an additional 414,994 shares during the period. 95.53% of the stock is owned by institutional investors.
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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