Shares of BWX Technologies, Inc. (NYSE:BWXT) have been assigned an average recommendation of “Buy” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $64.50.
Several brokerages have issued reports on BWXT. Robert W. Baird began coverage on shares of BWX Technologies in a research note on Tuesday, October 24th. They issued an “outperform” rating and a $70.00 price objective for the company. Wells Fargo & Co began coverage on shares of BWX Technologies in a research note on Monday, December 11th. They issued a “market perform” rating and a $65.00 price objective for the company. SunTrust Banks reissued a “buy” rating and issued a $62.00 price objective on shares of BWX Technologies in a research note on Monday, October 2nd. Zacks Investment Research downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Bank of America raised their price objective on shares of BWX Technologies from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, October 5th.
BWX Technologies (BWXT) traded up $0.66 on Monday, reaching $62.89. The company had a trading volume of 559,500 shares, compared to its average volume of 508,356. The stock has a market capitalization of $6,251.50, a price-to-earnings ratio of 32.09, a P/E/G ratio of 2.40 and a beta of 0.47. BWX Technologies has a 12 month low of $40.22 and a 12 month high of $63.12. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.59.
In related news, CFO David S. Black sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $61.88, for a total value of $61,880.00. Following the completion of the transaction, the chief financial officer now owns 62,979 shares of the company’s stock, valued at $3,897,140.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman John A. Fees sold 21,453 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $60.21, for a total transaction of $1,291,685.13. Following the completion of the transaction, the chairman now directly owns 87,919 shares of the company’s stock, valued at approximately $5,293,602.99. The disclosure for this sale can be found here. Insiders have sold 24,453 shares of company stock valued at $1,475,045 in the last ninety days. Insiders own 0.76% of the company’s stock.
A number of large investors have recently modified their holdings of BWXT. Legal & General Group Plc raised its stake in BWX Technologies by 7.0% in the second quarter. Legal & General Group Plc now owns 37,229 shares of the technology company’s stock worth $1,815,000 after buying an additional 2,435 shares in the last quarter. Federated Investors Inc. PA bought a new position in BWX Technologies in the second quarter worth approximately $151,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in BWX Technologies by 23.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,784 shares of the technology company’s stock worth $184,000 after buying an additional 721 shares in the last quarter. Principal Financial Group Inc. raised its stake in BWX Technologies by 4.7% in the second quarter. Principal Financial Group Inc. now owns 19,462 shares of the technology company’s stock worth $949,000 after buying an additional 867 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in BWX Technologies by 64.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 4,268 shares of the technology company’s stock worth $208,000 after buying an additional 1,673 shares in the last quarter. 95.49% of the stock is owned by institutional investors.
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BWX Technologies Company Profile
BWX Technologies, Inc is a manufacturer of nuclear components and a service provider. The Company’s businesses focus on the design, engineering and manufacture of precision naval nuclear components, reactors and nuclear fuel for the United States Government. Its segments include Nuclear Operations, Technical Services, Nuclear Energy and Other.
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