BWX Technologies Inc (NYSE:BWXT)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $64.36 and last traded at $64.18, with a volume of 2418 shares traded. The stock had previously closed at $63.63.
Several brokerages recently issued reports on BWXT. Zacks Investment Research downgraded BWX Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Barclays set a $55.00 price target on BWX Technologies and gave the stock a “sell” rating in a report on Tuesday, October 8th. Finally, ValuEngine downgraded BWX Technologies from a “hold” rating to a “sell” rating in a report on Friday. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $60.50.
The company has a fifty day moving average of $61.65 and a 200-day moving average of $57.27. The firm has a market cap of $6.06 billion, a P/E ratio of 27.38, a P/E/G ratio of 2.62 and a beta of 1.03. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.86 and a quick ratio of 1.86.
BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.14. BWX Technologies had a return on equity of 90.98% and a net margin of 10.93%. The business had revenue of $506.00 million during the quarter, compared to the consensus estimate of $486.02 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. BWX Technologies’s revenue was up 18.8% compared to the same quarter last year. On average, sell-side analysts expect that BWX Technologies Inc will post 2.55 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 20th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $0.68 annualized dividend and a yield of 1.04%. BWX Technologies’s dividend payout ratio (DPR) is currently 28.45%.
In other BWX Technologies news, CFO David S. Black sold 1,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $61.50, for a total value of $61,500.00. Also, insider Joel W. Duling sold 1,600 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $60.87, for a total value of $97,392.00. Following the completion of the transaction, the insider now directly owns 16,801 shares in the company, valued at approximately $1,022,676.87. The disclosure for this sale can be found here. In the last three months, insiders sold 3,600 shares of company stock worth $213,622. Insiders own 0.44% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Nomura Holdings Inc. boosted its position in BWX Technologies by 34.6% in the third quarter. Nomura Holdings Inc. now owns 8,665 shares of the technology company’s stock worth $486,000 after purchasing an additional 2,228 shares during the last quarter. Man Group plc lifted its position in shares of BWX Technologies by 2.4% during the 3rd quarter. Man Group plc now owns 99,171 shares of the technology company’s stock valued at $5,674,000 after buying an additional 2,314 shares during the last quarter. Voloridge Investment Management LLC purchased a new position in shares of BWX Technologies during the 3rd quarter valued at $2,828,000. Public Employees Retirement System of Ohio lifted its position in shares of BWX Technologies by 13.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 33,291 shares of the technology company’s stock valued at $1,905,000 after buying an additional 4,032 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of BWX Technologies during the 3rd quarter valued at $590,000.
BWX Technologies Company Profile (NYSE:BWXT)
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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