BWX Technologies, Inc. (NYSE:BWXT) had its price objective hoisted by Bank of America Corporation from $60.00 to $65.00 in a research note released on Thursday, October 5th. Bank of America Corporation currently has a buy rating on the technology company’s stock.
Several other brokerages have also recently commented on BWXT. BidaskClub raised BWX Technologies from a buy rating to a strong-buy rating in a research note on Tuesday, July 25th. Zacks Investment Research lowered BWX Technologies from a buy rating to a hold rating in a report on Tuesday, July 4th. Credit Suisse Group initiated coverage on BWX Technologies in a report on Friday, June 9th. They issued a neutral rating and a $51.00 target price for the company. ValuEngine lowered BWX Technologies from a buy rating to a hold rating in a report on Monday, October 2nd. Finally, SunTrust Banks, Inc. restated a buy rating and issued a $62.00 target price on shares of BWX Technologies in a report on Monday, October 2nd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. BWX Technologies presently has an average rating of Buy and a consensus target price of $57.17.
BWX Technologies (NYSE:BWXT) opened at 59.55 on Thursday. BWX Technologies has a 12-month low of $36.16 and a 12-month high of $59.80. The firm has a 50 day moving average of $55.78 and a 200-day moving average of $51.28. The stock has a market cap of $5.91 billion, a PE ratio of 31.47 and a beta of 0.46.
BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, August 7th. The technology company reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.09. The business had revenue of $410.01 million during the quarter, compared to analysts’ expectations of $429.38 million. BWX Technologies had a return on equity of 107.13% and a net margin of 11.81%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 EPS. On average, analysts expect that BWX Technologies will post $2.03 earnings per share for the current year.
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In other BWX Technologies news, CFO David S. Black sold 1,000 shares of the company’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $59.00, for a total value of $59,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Jason S. Kerr sold 1,365 shares of the company’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $54.13, for a total value of $73,887.45. Following the completion of the sale, the vice president now owns 4,312 shares in the company, valued at $233,408.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,010,194 shares of company stock valued at $106,958,540. Corporate insiders own 0.76% of the company’s stock.
A number of large investors have recently made changes to their positions in BWXT. Quantbot Technologies LP grew its position in BWX Technologies by 11.2% in the second quarter. Quantbot Technologies LP now owns 2,453 shares of the technology company’s stock valued at $119,000 after acquiring an additional 248 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in BWX Technologies in the first quarter valued at $124,000. Federated Investors Inc. PA bought a new stake in BWX Technologies in the second quarter valued at $151,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of BWX Technologies by 23.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,784 shares of the technology company’s stock worth $184,000 after purchasing an additional 721 shares during the last quarter. Finally, Globeflex Capital L P bought a new stake in shares of BWX Technologies during the second quarter worth $193,000. Hedge funds and other institutional investors own 96.96% of the company’s stock.
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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