BWX Technologies, Inc. (NYSE:BWXT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.
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. “
BWXT has been the topic of a number of other research reports. Drexel Hamilton raised shares of BWX Technologies from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Wednesday, November 9th. TheStreet lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, November 1st. Finally, Bank of America Corporation lowered shares of BWX Technologies from a “buy” rating to a “neutral” rating in a research report on Friday, November 18th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $43.67.
BWX Technologies (NYSE:BWXT) traded up 1.31% on Tuesday, reaching $40.10. 962,769 shares of the company were exchanged. The firm has a market capitalization of $3.98 billion, a PE ratio of 28.81 and a beta of 0.36. BWX Technologies has a 12-month low of $26.89 and a 12-month high of $40.66. The stock has a 50 day moving average of $39.35 and a 200 day moving average of $38.28.
BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, October 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. The firm earned $379.50 million during the quarter, compared to analysts’ expectations of $367.14 million. BWX Technologies had a net margin of 9.68% and a return on equity of 72.58%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.40 earnings per share. Equities analysts anticipate that BWX Technologies will post $1.66 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 13th. Shareholders of record on Thursday, November 17th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.90%. The ex-dividend date was Tuesday, November 15th. BWX Technologies’s dividend payout ratio (DPR) is currently 25.71%.
In other news, SVP James D. Canafax sold 4,500 shares of the stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $38.28, for a total value of $172,260.00. Following the transaction, the senior vice president now directly owns 54,100 shares of the company’s stock, valued at $2,070,948. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.86% of the company’s stock.
Several institutional investors have recently modified their holdings of BWXT. Catalyst Capital Advisors LLC bought a new position in shares of BWX Technologies during the third quarter valued at $107,000. Societe Generale acquired a new position in BWX Technologies during the second quarter valued at approximately $114,000. Public Employees Retirement Association of Colorado increased its position in BWX Technologies by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 3,006 shares of the company’s stock valued at $115,000 after buying an additional 12 shares during the period. SG Americas Securities LLC increased its position in BWX Technologies by 24.8% in the third quarter. SG Americas Securities LLC now owns 3,990 shares of the company’s stock valued at $153,000 after buying an additional 793 shares during the period. Finally, Advisor Group Inc. increased its position in BWX Technologies by 148.5% in the third quarter. Advisor Group Inc. now owns 5,335 shares of the company’s stock valued at $174,000 after buying an additional 3,188 shares during the period. 96.76% of the stock is currently owned by institutional investors.
BWX Technologies Company Profile
BWX Technologies, Inc, formerly The Babcock & Wilcox Company, 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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