ValuEngine upgraded shares of BWX Technologies (NYSE:BWXT) from a sell rating to a hold rating in a report issued on Monday morning.

Several other research firms have also issued reports on BWXT. SunTrust Banks lowered shares of BWX Technologies from a buy rating to a hold rating and reduced their price objective for the company from $79.00 to $48.00 in a research note on Wednesday, November 7th. Zacks Investment Research lowered shares of BWX Technologies from a hold rating to a sell rating in a research report on Tuesday, October 9th. Credit Suisse Group cut their target price on shares of BWX Technologies from $60.00 to $46.00 and set a neutral rating for the company in a research report on Thursday, November 8th. Bank of America dropped their price objective on shares of BWX Technologies from $70.00 to $58.00 and set a neutral rating on the stock in a report on Thursday, November 8th. Finally, Maxim Group assumed coverage on shares of BWX Technologies in a report on Tuesday, November 13th. They set a buy rating and a $60.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $59.56.

Shares of NYSE:BWXT opened at $43.31 on Monday. BWX Technologies has a 12 month low of $41.98 and a 12 month high of $72.18. The company has a market cap of $4.43 billion, a P/E ratio of 19.25, a PEG ratio of 1.77 and a beta of 0.58. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.93.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.22). BWX Technologies had a return on equity of 66.38% and a net margin of 10.81%. The business had revenue of $425.50 million during the quarter, compared to analyst estimates of $461.26 million. During the same quarter last year, the firm posted $0.46 EPS. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, analysts anticipate that BWX Technologies will post 2.46 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Tuesday, November 20th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, November 19th. This represents a $0.64 annualized dividend and a dividend yield of 1.48%. BWX Technologies’s payout ratio is 31.22%.

In other news, CFO David S. Black sold 1,000 shares of the business’s stock in a transaction dated Thursday, October 11th. The shares were sold at an average price of $57.65, for a total transaction of $57,650.00. Following the transaction, the chief financial officer now owns 68,570 shares in the company, valued at approximately $3,953,060.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 3,000 shares of company stock worth $165,510. Insiders own 0.52% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CENTRAL TRUST Co bought a new stake in BWX Technologies in the third quarter valued at about $100,000. Destination Wealth Management increased its stake in BWX Technologies by 2,867.8% in the second quarter. Destination Wealth Management now owns 1,751 shares of the technology company’s stock valued at $109,000 after acquiring an additional 1,692 shares during the period. Fort L.P. bought a new stake in BWX Technologies in the second quarter valued at about $118,000. Tower Research Capital LLC TRC bought a new stake in BWX Technologies in the third quarter valued at about $121,000. Finally, First Manhattan Co. bought a new stake in BWX Technologies in the third quarter valued at about $125,000. 96.01% of the stock is currently owned by institutional investors and hedge funds.

About BWX Technologies

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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Analyst Recommendations for BWX Technologies (NYSE:BWXT)

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