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.
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.
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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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