BWX Technologies (BWXT) Sets New 12-Month High and Low at $71.01

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.

How to Become a New Pot Stock Millionaire

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.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Tuesday, February 27th. The technology company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $430.14 million for the quarter, compared to analyst estimates of $451.18 million. BWX Technologies had a return on equity of 77.24% and a net margin of 8.76%. research analysts anticipate that BWX Technologies will post 2.52 earnings per share for the current fiscal year.

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.

ILLEGAL ACTIVITY NOTICE: “BWX Technologies (BWXT) Sets New 12-Month High and Low at $71.01” was first published by Week Herald and is owned by of Week Herald. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://weekherald.com/2018/04/22/bwx-technologies-bwxt-sets-new-12-month-high-and-low-at-71-01.html.

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.

Receive News & Ratings for BWX Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BWX Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply