BWX Technologies, Inc. (NYSE:BWXT) Given Average Recommendation of “Moderate Buy” by Analysts

BWX Technologies, Inc. (NYSE:BWXT) has been assigned an average rating of “Moderate Buy” from the ten research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $123.88.

Several research analysts have recently commented on BWXT shares. Maxim Group dropped their price target on shares of BWX Technologies from $140.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Bank of America cut their target price on BWX Technologies from $160.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, March 26th. Finally, Seaport Res Ptn upgraded BWX Technologies to a “strong-buy” rating in a research note on Tuesday, April 1st.

BWX Technologies Trading Down 0.2%

Shares of BWXT opened at $106.99 on Thursday. The business’s 50-day moving average price is $102.71 and its 200 day moving average price is $112.33. BWX Technologies has a 1-year low of $84.21 and a 1-year high of $136.31. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $9.77 billion, a P/E ratio of 35.43, a P/E/G ratio of 3.20 and a beta of 0.66.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.73 by $0.18. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The business had revenue of $682.26 million during the quarter, compared to analysts’ expectations of $644.15 million. During the same period last year, the company posted $0.76 earnings per share. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. Analysts expect that BWX Technologies will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, May 19th. This represents a $1.00 annualized dividend and a yield of 0.93%. BWX Technologies’s dividend payout ratio is 31.85%.

Insider Activity at BWX Technologies

In other news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $104.92, for a total transaction of $209,840.00. Following the completion of the transaction, the senior vice president now directly owns 9,904 shares of the company’s stock, valued at $1,039,127.68. This represents a 16.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Robert L. Duffy sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total transaction of $624,180.00. Following the transaction, the senior vice president now directly owns 3,206 shares of the company’s stock, valued at $333,520.18. This represents a 65.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 53,625 shares of company stock valued at $5,734,145 over the last ninety days. 0.47% of the stock is owned by insiders.

Institutional Trading of BWX Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC lifted its holdings in BWX Technologies by 59.8% during the 3rd quarter. Barclays PLC now owns 64,525 shares of the technology company’s stock valued at $7,014,000 after purchasing an additional 24,149 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in shares of BWX Technologies by 15.4% during the 4th quarter. AdvisorNet Financial Inc now owns 779 shares of the technology company’s stock worth $87,000 after buying an additional 104 shares during the last quarter. Floyd Financial Group LLC bought a new stake in shares of BWX Technologies during the 4th quarter worth about $1,985,000. Oak Thistle LLC acquired a new position in BWX Technologies in the 4th quarter valued at about $1,763,000. Finally, Park Avenue Securities LLC lifted its position in BWX Technologies by 49.3% during the fourth quarter. Park Avenue Securities LLC now owns 4,945 shares of the technology company’s stock worth $551,000 after acquiring an additional 1,633 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Company Profile

BWX Technologies, Inc, together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments, Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.