Shares of BWX Technologies Inc (NYSE:BWXT) have received an average recommendation of "Hold" from the nine brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $64.57.
Several brokerages have recently issued reports on BWXT. Zacks Investment Research upgraded shares of BWX Technologies from a "sell" rating to a "hold" rating and set a $63.00 target price on the stock in a research report on Thursday, August 6th. Maxim Group upped their target price on shares of BWX Technologies from $62.00 to $72.00 and gave the company a "buy" rating in a research report on Monday, June 22nd. Finally, Credit Suisse Group upgraded shares of BWX Technologies from a "neutral" rating to an "outperform" rating and set a $72.00 target price on the stock in a research report on Wednesday, May 27th.
BWXT opened at $57.19 on Wednesday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.66 and a current ratio of 1.66. BWX Technologies has a fifty-two week low of $40.40 and a fifty-two week high of $70.57. The firm's fifty day moving average is $56.95 and its 200 day moving average is $54.78. The stock has a market cap of $5.47 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 2.88 and a beta of 1.01.
BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, August 3rd. The technology company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.56 by $0.15. The business had revenue of $505.00 million for the quarter, compared to analysts' expectations of $458.25 million. BWX Technologies had a net margin of 13.44% and a return on equity of 68.61%. The business's quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.58 EPS. On average, equities research analysts predict that BWX Technologies will post 2.91 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Wednesday, August 19th were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, August 18th. This represents a $0.76 annualized dividend and a yield of 1.33%. BWX Technologies's payout ratio is 29.01%.
In other BWX Technologies news, CEO Rex D. Geveden sold 3,000 shares of the company's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $55.26, for a total value of $165,780.00. Following the transaction, the chief executive officer now directly owns 99,337 shares in the company, valued at approximately $5,489,362.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David S. Black sold 1,000 shares of the company's stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $53.42, for a total transaction of $53,420.00. Following the completion of the transaction, the chief financial officer now owns 77,551 shares in the company, valued at $4,142,774.42. The disclosure for this sale can be found here. Insiders have sold a total of 8,600 shares of company stock worth $484,282 over the last quarter. 0.46% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. MML Investors Services LLC raised its holdings in shares of BWX Technologies by 6.3% in the first quarter. MML Investors Services LLC now owns 5,490 shares of the technology company's stock worth $267,000 after buying an additional 324 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of BWX Technologies by 4.4% in the first quarter. Principal Financial Group Inc. now owns 13,091 shares of the technology company's stock worth $638,000 after buying an additional 551 shares during the last quarter. Stanley Laman Group Ltd. raised its holdings in shares of BWX Technologies by 0.7% in the second quarter. Stanley Laman Group Ltd. now owns 85,943 shares of the technology company's stock worth $4,868,000 after buying an additional 639 shares during the last quarter. FIL Ltd purchased a new position in shares of BWX Technologies in the second quarter worth $38,000. Finally, Advisors Asset Management Inc. purchased a new position in shares of BWX Technologies in the second quarter worth $45,000. 98.50% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading: Are sell-side analysts objective?
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7 Gold Stocks to Buy Before the Fed Changes Its Mind
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View the "7 Gold Stocks to Buy Before the Fed Changes Its Mind".