BWX Technologies (BWXT) Receives Average Rating of “Buy” from Analysts

BWX Technologies (NYSE:BWXT) has earned an average rating of “Buy” from the twelve ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $64.63.

BWXT has been the subject of a number of recent research reports. SunTrust Banks restated a “buy” rating and issued a $70.00 price objective on shares of BWX Technologies in a research note on Friday, January 19th. Seaport Global Securities initiated coverage on shares of BWX Technologies in a research note on Wednesday, January 10th. They issued a “buy” rating and a $72.00 price objective for the company. Zacks Investment Research upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Tuesday, March 13th. Alembic Global Advisors restated a “buy” rating on shares of BWX Technologies in a research note on Tuesday, March 6th. Finally, ValuEngine upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st.

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In other news, CFO David S. Black sold 1,000 shares of the company’s stock in a transaction dated Wednesday, April 11th. The shares were sold at an average price of $65.10, for a total value of $65,100.00. Following the sale, the chief financial officer now owns 70,874 shares of the company’s stock, valued at approximately $4,613,897.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders sold 3,000 shares of company stock worth $189,900. 0.52% of the stock is owned by insiders.



Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in BWX Technologies by 2.1% during the 4th quarter. BlackRock Inc. now owns 5,685,315 shares of the technology company’s stock worth $343,905,000 after acquiring an additional 119,240 shares during the last quarter. Brown Advisory Inc. grew its holdings in BWX Technologies by 65.2% during the 4th quarter. Brown Advisory Inc. now owns 3,573,654 shares of the technology company’s stock worth $216,170,000 after acquiring an additional 1,410,915 shares during the last quarter. Franklin Resources Inc. grew its holdings in BWX Technologies by 46.1% during the 4th quarter. Franklin Resources Inc. now owns 1,573,131 shares of the technology company’s stock worth $95,159,000 after acquiring an additional 496,545 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in BWX Technologies by 0.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,009,996 shares of the technology company’s stock worth $61,095,000 after acquiring an additional 8,573 shares during the last quarter. Finally, OppenheimerFunds Inc. grew its holdings in BWX Technologies by 3.4% during the 4th quarter. OppenheimerFunds Inc. now owns 862,913 shares of the technology company’s stock worth $52,198,000 after acquiring an additional 28,174 shares during the last quarter. 94.74% of the stock is currently owned by institutional investors and hedge funds.

NYSE:BWXT opened at $69.29 on Wednesday. The firm has a market cap of $7,041.73, a P/E ratio of 33.80, a P/E/G ratio of 2.52 and a beta of 0.49. BWX Technologies has a one year low of $45.79 and a one year high of $72.18. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.68.

BWX Technologies (NYSE:BWXT) last released its earnings results on Tuesday, February 27th. The technology company reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.01. The firm had revenue of $430.14 million during the quarter, compared to analysts’ expectations of $451.18 million. BWX Technologies had a net margin of 8.76% and a return on equity of 77.24%. analysts forecast that BWX Technologies will post 2.52 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Monday, March 12th were paid a $0.16 dividend. This is a boost from BWX Technologies’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Friday, March 9th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.92%. BWX Technologies’s dividend payout ratio is currently 31.22%.

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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.

Analyst Recommendations for BWX Technologies (NYSE:BWXT)

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