BWX Technologies Inc (NYSE:BWXT) – Equities researchers at Seaport Global Securities upped their FY2019 earnings per share estimates for shares of BWX Technologies in a research report issued to clients and investors on Monday, October 15th. Seaport Global Securities analyst J. Sullivan now anticipates that the technology company will post earnings per share of $2.91 for the year, up from their previous estimate of $2.90.

A number of other research analysts have also commented on BWXT. Zacks Investment Research lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Monday, July 16th. Drexel Hamilton restated a “buy” rating and set a $78.00 price target on shares of BWX Technologies in a research report on Thursday, June 21st. Finally, SunTrust Banks reduced their price target on shares of BWX Technologies from $83.00 to $79.00 and set a “buy” rating for the company in a research report on Tuesday, August 21st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. BWX Technologies currently has a consensus rating of “Hold” and an average price target of $70.00.

BWXT opened at $60.23 on Wednesday. The firm has a market cap of $6.24 billion, a PE ratio of 29.11, a PEG ratio of 2.20 and a beta of 0.45. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 1.72. BWX Technologies has a one year low of $56.80 and a one year high of $72.18.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, August 6th. The technology company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.02). The firm had revenue of $438.92 million for the quarter, compared to analysts’ expectations of $445.70 million. BWX Technologies had a net margin of 9.05% and a return on equity of 66.19%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 earnings per share.

Hedge funds and other institutional investors have recently bought and sold shares of the company. CENTRAL TRUST Co bought a new stake in shares of BWX Technologies during the 3rd quarter worth $100,000. Destination Wealth Management lifted its holdings in shares of BWX Technologies by 2,867.8% during the 2nd quarter. Destination Wealth Management now owns 1,751 shares of the technology company’s stock worth $109,000 after acquiring an additional 1,692 shares during the last quarter. Fort L.P. bought a new stake in shares of BWX Technologies during the 2nd quarter worth $118,000. First Manhattan Co. bought a new stake in shares of BWX Technologies during the 3rd quarter worth $125,000. Finally, Point72 Hong Kong Ltd lifted its holdings in shares of BWX Technologies by 2,445.8% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,113 shares of the technology company’s stock worth $132,000 after acquiring an additional 2,030 shares during the last quarter. 95.28% of the stock is owned by institutional investors.

In other news, VP Jason S. Kerr sold 1,365 shares of BWX Technologies stock in a transaction on Monday, August 20th. The shares were sold at an average price of $64.06, for a total transaction of $87,441.90. Following the completion of the sale, the vice president now directly owns 9,132 shares of the company’s stock, valued at approximately $584,995.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction on Thursday, October 11th. The stock was sold at an average price of $57.65, for a total transaction of $57,650.00. Following the sale, the chief financial officer now directly owns 68,570 shares of the company’s stock, valued at $3,953,060.50. The disclosure for this sale can be found here. Insiders have sold a total of 4,365 shares of company stock valued at $269,062 over the last 90 days. Company insiders own 0.52% of the company’s stock.

BWX Technologies Company Profile

BWX Technologies, Inc manufactures and sells nuclear components to the United States government. The company operates in three segments: Nuclear Operations, Technical Services, and Nuclear Energy. The Nuclear Operations segment offers precision naval nuclear components and reactors; close-tolerance and equipment for nuclear applications; and components for defense applications, as well as critical nuclear components, fuels, and assemblies for government and other uses.

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Earnings History and Estimates for BWX Technologies (NYSE:BWXT)

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