Media stories about BWX Technologies (NYSE:BWXT) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. BWX Technologies earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 46.2428616704014 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
BWXT has been the subject of several analyst reports. Sidoti reissued a “buy” rating and issued a $62.00 price target on shares of BWX Technologies in a research note on Wednesday, May 31st. Credit Suisse Group initiated coverage on shares of BWX Technologies in a research note on Friday, June 9th. They issued a “neutral” rating and a $51.00 price target for the company. BidaskClub cut shares of BWX Technologies from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Zacks Investment Research cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $55.00 price target on shares of BWX Technologies in a research note on Thursday, August 10th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $52.83.
BWX Technologies (NYSE:BWXT) opened at 53.30 on Friday. The stock has a 50 day moving average of $53.63 and a 200 day moving average of $49.72. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 28.17 and a beta of 0.46. BWX Technologies has a one year low of $36.16 and a one year high of $54.83.
BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, August 7th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.09. BWX Technologies had a net margin of 11.81% and a return on equity of 107.13%. The firm had revenue of $410.01 million during the quarter, compared to the consensus estimate of $429.38 million. During the same period in the previous year, the firm earned $0.44 earnings per share. BWX Technologies’s revenue was up 1.9% compared to the same quarter last year. Analysts forecast that BWX Technologies will post $2.03 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Monday, August 21st were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $0.44 dividend on an annualized basis and a yield of 0.83%. BWX Technologies’s payout ratio is 23.28%.
In other BWX Technologies news, VP Jason S. Kerr sold 1,365 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $54.13, for a total transaction of $73,887.45. Following the completion of the sale, the vice president now directly owns 4,312 shares in the company, valued at $233,408.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Harbour Group L.P. Blue sold 1,992,829 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was 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 90 days, insiders sold 2,009,194 shares of company stock valued at $106,899,540. 0.76% of the stock is owned by insiders.
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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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