BWX Technologies (BWXT) Sets New 12-Month Low at $40.91

Share on StockTwits

BWX Technologies Inc (NYSE:BWXT)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $40.91 and last traded at $41.61, with a volume of 54954 shares traded. The stock had previously closed at $43.02.

A number of research firms recently issued reports on BWXT. SunTrust Banks lowered their price objective on shares of BWX Technologies from $83.00 to $79.00 and set a “buy” rating for the company in a research report on Tuesday, August 21st. Zacks Investment Research cut shares of BWX Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 15th. Bank of America decreased their price target on shares of BWX Technologies from $70.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, November 8th. ValuEngine cut shares of BWX Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, November 7th. Finally, TheStreet cut shares of BWX Technologies from a “b” rating to a “c+” rating in a research report on Tuesday, November 13th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $59.56.

The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a market cap of $4.23 billion, a PE ratio of 20.42, a P/E/G ratio of 1.63 and a beta of 0.53.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.22). BWX Technologies had a net margin of 10.81% and a return on equity of 66.38%. The business had revenue of $425.50 million during the quarter, compared to analyst estimates of $461.26 million. During the same quarter last year, the company posted $0.46 earnings per share. The company’s revenue was up 1.5% compared to the same quarter last year. As a group, equities research analysts forecast that BWX Technologies Inc will post 2.46 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Tuesday, November 20th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Monday, November 19th. BWX Technologies’s dividend payout ratio is currently 31.22%.

In other news, CFO David S. Black sold 1,000 shares of the company’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of $46.29, for a total value of $46,290.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Rex D. Geveden acquired 2,500 shares of BWX Technologies stock in a transaction dated Tuesday, November 20th. The stock was purchased at an average cost of $41.49 per share, for a total transaction of $103,725.00. Following the completion of the purchase, the chief executive officer now owns 28,595 shares in the company, valued at approximately $1,186,406.55. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 3,000 shares of company stock worth $165,510. Insiders own 0.76% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Macquarie Group Ltd. boosted its stake in shares of BWX Technologies by 1.3% in the 2nd quarter. Macquarie Group Ltd. now owns 62,238 shares of the technology company’s stock valued at $3,879,000 after purchasing an additional 823 shares during the last quarter. Aperio Group LLC boosted its stake in shares of BWX Technologies by 3.5% in the 3rd quarter. Aperio Group LLC now owns 27,838 shares of the technology company’s stock valued at $1,741,000 after purchasing an additional 941 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of BWX Technologies by 4.3% in the 3rd quarter. Bank of Montreal Can now owns 23,151 shares of the technology company’s stock valued at $1,448,000 after purchasing an additional 951 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of BWX Technologies by 22.2% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 5,245 shares of the technology company’s stock valued at $328,000 after purchasing an additional 954 shares during the last quarter. Finally, Atria Investments LLC boosted its stake in shares of BWX Technologies by 28.4% in the 3rd quarter. Atria Investments LLC now owns 4,383 shares of the technology company’s stock valued at $274,000 after purchasing an additional 970 shares during the last quarter. 96.69% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by BBNS and is the sole property of of BBNS. If you are reading this piece on another site, it was stolen and republished in violation of international trademark and copyright law. The original version of this piece can be viewed at https://baseballnewssource.com/2018/12/08/bwx-technologies-bwxt-sets-new-12-month-low-at-40-91/3065254.html.

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.

Featured Article: Fiduciary

Receive News & Ratings for BWX Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BWX Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.