BWX Technologies (BWXT) Reaches New 12-Month Low at $40.91

BWX Technologies Inc (NYSE:BWXT) reached a new 52-week low on Thursday . The stock traded as low as $40.91 and last traded at $41.61, with a volume of 54954 shares trading hands. The stock had previously closed at $43.02.

Several equities research analysts recently weighed in on the company. ValuEngine upgraded BWX Technologies from a “sell” rating to a “hold” rating in a research report on Monday, November 19th. Zacks Investment Research lowered BWX Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 15th. Drexel Hamilton restated a “buy” rating and set a $55.00 price target on shares of BWX Technologies in a research report on Thursday, November 15th. TheStreet lowered BWX Technologies from a “b” rating to a “c+” rating in a research report on Tuesday, November 13th. Finally, Maxim Group assumed coverage on BWX Technologies in a research report on Tuesday, November 13th. They set a “buy” rating and a $60.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $59.56.

The company has a debt-to-equity ratio of 1.93, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market capitalization of $4.25 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 1.64 and a beta of 0.53.

BWX Technologies (NYSE:BWXT) last released its earnings results on Tuesday, November 6th. The technology company reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.22). BWX Technologies had a return on equity of 66.38% and a net margin of 10.81%. The company had revenue of $425.50 million during the quarter, compared to the consensus estimate of $461.26 million. During the same period last year, the firm posted $0.46 earnings per share. The company’s revenue was up 1.5% compared to the same quarter last year. Equities analysts anticipate that BWX Technologies Inc will post 2.46 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Tuesday, November 20th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Monday, November 19th. BWX Technologies’s dividend payout ratio (DPR) is 31.22%.

In other BWX Technologies news, CFO David S. Black sold 1,000 shares of the business’s stock in a transaction on Friday, November 9th. The stock was sold at an average price of $46.29, for a total value of $46,290.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Rex D. Geveden bought 2,500 shares of the company’s stock in a transaction on Tuesday, November 20th. The stock was bought at an average cost of $41.49 per share, for a total transaction of $103,725.00. Following the completion of the acquisition, the chief executive officer now directly owns 28,595 shares of the company’s stock, valued at approximately $1,186,406.55. The disclosure for this purchase can be found here. Insiders sold 3,000 shares of company stock worth $165,510 over the last three months. Corporate insiders own 0.76% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. CENTRAL TRUST Co bought a new stake in BWX Technologies in the third quarter worth $100,000. Fort L.P. bought a new stake in BWX Technologies in the second quarter worth $118,000. Tower Research Capital LLC TRC bought a new stake in BWX Technologies in the third quarter worth $121,000. First Manhattan Co. bought a new stake in BWX Technologies in the third quarter worth $125,000. Finally, Point72 Hong Kong Ltd boosted its holdings in BWX Technologies by 2,445.8% in the second quarter. Point72 Hong Kong Ltd now owns 2,113 shares of the technology company’s stock worth $132,000 after acquiring an additional 2,030 shares in the last quarter. 96.69% of the stock is currently owned by institutional investors and hedge funds.

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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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