Seaport Global Securities Comments on BWX Technologies Inc’s Q3 2019 Earnings (NYSE:BWXT)

BWX Technologies Inc (NYSE:BWXT) – Equities research analysts at Seaport Global Securities cut their Q3 2019 earnings per share estimates for BWX Technologies in a research note issued on Tuesday, August 6th, Zacks Investment Research reports. Seaport Global Securities analyst J. Sullivan now anticipates that the technology company will post earnings per share of $0.63 for the quarter, down from their previous forecast of $0.66. Seaport Global Securities has a “Buy” rating and a $62.00 price objective on the stock. Seaport Global Securities also issued estimates for BWX Technologies’ Q1 2020 earnings at $0.58 EPS, Q2 2020 earnings at $0.67 EPS, Q3 2020 earnings at $0.69 EPS, Q4 2020 earnings at $0.80 EPS and FY2020 earnings at $2.74 EPS.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, August 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.10. The business had revenue of $471.00 million for the quarter, compared to analyst estimates of $440.45 million. BWX Technologies had a return on equity of 83.20% and a net margin of 11.60%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 earnings per share.

A number of other research analysts have also issued reports on the company. Zacks Investment Research raised BWX Technologies from a “sell” rating to a “hold” rating in a report on Monday, July 1st. TheStreet raised BWX Technologies from a “c+” rating to a “b-” rating in a report on Monday, April 29th. Maxim Group reissued a “buy” rating and issued a $71.00 target price on shares of BWX Technologies in a report on Wednesday, August 7th. Finally, SunTrust Banks set a $55.00 target price on BWX Technologies and gave the company a “hold” rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $56.43.

NYSE:BWXT opened at $55.11 on Thursday. The firm has a market cap of $5.36 billion, a P/E ratio of 23.06, a PEG ratio of 2.57 and a beta of 1.05. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 2.91. The stock’s 50 day simple moving average is $53.14 and its 200-day simple moving average is $50.67. BWX Technologies has a 12-month low of $35.91 and a 12-month high of $64.68.

Large investors have recently made changes to their positions in the business. Advisors Preferred LLC acquired a new stake in shares of BWX Technologies in the second quarter valued at about $30,000. NumerixS Investment Technologies Inc acquired a new stake in shares of BWX Technologies in the second quarter valued at about $31,000. Huntington National Bank grew its stake in shares of BWX Technologies by 50.3% in the second quarter. Huntington National Bank now owns 1,127 shares of the technology company’s stock valued at $59,000 after buying an additional 377 shares in the last quarter. Doyle Wealth Management acquired a new stake in shares of BWX Technologies in the second quarter valued at about $63,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in shares of BWX Technologies in the second quarter valued at about $95,000.

In other BWX Technologies news, CFO David S. Black sold 2,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $50.50, for a total transaction of $101,000.00. Following the completion of the sale, the chief financial officer now directly owns 81,361 shares in the company, valued at $4,108,730.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John A. Fees sold 60,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $57.15, for a total value of $3,429,000.00. The disclosure for this sale can be found here. Insiders sold 66,000 shares of company stock worth $3,734,950 in the last three months. 0.44% of the stock is owned by corporate insiders.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, August 15th. BWX Technologies’s dividend payout ratio (DPR) is 28.45%.

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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