Shares of BWX Technologies (NYSE:BWXT) reached a new 52-week high and low on Friday . The stock traded as low as $71.01 and last traded at $70.72, with a volume of 156491 shares changing hands. The stock had previously closed at $70.61.
Several research firms have weighed in on BWXT. ValuEngine raised BWX Technologies from a “buy” rating to a “strong-buy” rating in a report on Thursday. Zacks Investment Research raised BWX Technologies from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Friday, January 26th. Barclays began coverage on BWX Technologies in a report on Thursday, March 29th. They issued an “underweight” rating and a $62.00 target price on the stock. Alembic Global Advisors reissued a “buy” rating on shares of BWX Technologies in a report on Tuesday, March 6th. Finally, SunTrust Banks reissued a “buy” rating and issued a $70.00 target price on shares of BWX Technologies in a report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $65.44.
The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.68. The firm has a market cap of $7,024.81, a price-to-earnings ratio of 34.60, a price-to-earnings-growth ratio of 2.51 and a beta of 0.49.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Monday, March 12th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, March 9th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.90%. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.11. BWX Technologies’s dividend payout ratio (DPR) is presently 31.22%.
In related news, CFO David S. Black sold 1,000 shares of the stock in a transaction on Friday, March 9th. The stock was sold at an average price of $64.44, for a total transaction of $64,440.00. Following the sale, the chief financial officer now owns 71,874 shares of the company’s stock, valued at $4,631,560.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 3,000 shares of company stock worth $189,900. Corporate insiders own 0.76% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors acquired a new stake in shares of BWX Technologies during the fourth quarter valued at $126,000. Cerebellum GP LLC acquired a new stake in shares of BWX Technologies during the fourth quarter valued at $128,000. American International Group Inc. acquired a new stake in shares of BWX Technologies during the fourth quarter valued at $134,000. Assetmark Inc. boosted its stake in shares of BWX Technologies by 402.7% during the fourth quarter. Assetmark Inc. now owns 2,222 shares of the technology company’s stock valued at $134,000 after acquiring an additional 1,780 shares during the last quarter. Finally, First Manhattan Co. acquired a new stake in shares of BWX Technologies during the fourth quarter valued at $184,000. 94.62% of the stock is currently owned by institutional investors and hedge funds.
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BWX Technologies Company Profile
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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