BWX Technologies (BWXT) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of BWX Technologies (NYSE:BWXT) from a buy rating to a hold rating in a research report report published on Thursday, November 9th.

According to Zacks, “BWX Technologies, Inc. supplies precision manufactured components and services to the commercial nuclear power industry. The company offers technical, management and site services to governments in complex facilities and environmental remediation activities. It operates primarily in Lynchburg, Va., Ohio and Cambridge, Ontario. BWX Technologies, Inc., formerly known as Babcock & Wilcox Company, is headquartered in Lynchburg, Va. “

Several other brokerages have also recently weighed in on BWXT. BidaskClub raised shares of BWX Technologies from a buy rating to a strong-buy rating in a report on Tuesday, July 25th. ValuEngine cut shares of BWX Technologies from a buy rating to a hold rating in a report on Monday, October 2nd. 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 report on Thursday, October 5th. SunTrust Banks reissued a buy rating and set a $62.00 price objective on shares of BWX Technologies in a report on Monday, October 2nd. Finally, Robert W. Baird started coverage on shares of BWX Technologies in a report on Tuesday, October 24th. They set an outperform rating and a $70.00 price objective on the stock. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $61.67.

BWX Technologies (BWXT) traded up $1.05 during midday trading on Thursday, hitting $61.33. 263,109 shares of the stock traded hands, compared to its average volume of 711,848. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.59. BWX Technologies has a twelve month low of $37.63 and a twelve month high of $61.88. The stock has a market capitalization of $6,068.59, a price-to-earnings ratio of 30.07, a price-to-earnings-growth ratio of 2.38 and a beta of 0.47.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, November 6th. The technology company reported $0.46 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. The firm had revenue of $419.36 million for the quarter, compared to analysts’ expectations of $420.39 million. BWX Technologies had a net margin of 11.89% and a return on equity of 88.05%. The firm’s revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.39 earnings per share. analysts forecast that BWX Technologies will post 2.08 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Monday, November 20th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.72%. BWX Technologies’s payout ratio is 22.45%.

In related news, Chairman John A. Fees sold 21,453 shares of BWX Technologies stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $60.21, for a total value of $1,291,685.13. Following the transaction, the chairman now directly owns 87,919 shares in the company, valued at approximately $5,293,602.99. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Harbour Group L.P. Blue sold 1,992,829 shares of BWX Technologies stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $53.20, for a total transaction of $106,018,502.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,016,282 shares of company stock worth $107,429,118. 0.76% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its stake in shares of BWX Technologies by 12.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 139,138 shares of the technology company’s stock worth $6,783,000 after buying an additional 15,367 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of BWX Technologies by 310.0% during the 2nd quarter. Wells Fargo & Company MN now owns 3,071,474 shares of the technology company’s stock worth $149,735,000 after buying an additional 2,322,309 shares during the last quarter. Burgundy Asset Management Ltd. raised its stake in shares of BWX Technologies by 1.3% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,200,631 shares of the technology company’s stock worth $58,531,000 after buying an additional 15,430 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of BWX Technologies by 84.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 904,130 shares of the technology company’s stock worth $44,076,000 after buying an additional 414,994 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of BWX Technologies by 1.3% during the 2nd quarter. Swiss National Bank now owns 149,100 shares of the technology company’s stock worth $7,269,000 after buying an additional 1,900 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

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About BWX Technologies

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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