BWX Technologies Inc (NYSE:BWXT) has earned an average rating of “Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $69.25.

A number of analysts have commented on BWXT shares. Zacks Investment Research cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd. ValuEngine upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Barclays started coverage on shares of BWX Technologies in a research report on Thursday, March 29th. They issued an “underweight” rating and a $62.00 price target for the company. Alembic Global Advisors reiterated a “buy” rating on shares of BWX Technologies in a research report on Tuesday, March 6th. Finally, SunTrust Banks upped their price target on shares of BWX Technologies to $89.00 and gave the stock a “buy” rating in a research report on Friday, May 4th.

In other BWX Technologies news, CFO David S. Black sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $67.25, for a total value of $67,250.00. Following the completion of the transaction, the chief financial officer now directly owns 69,874 shares in the company, valued at $4,699,026.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 3,000 shares of company stock valued at $196,790. Company insiders own 0.76% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Atria Investments LLC boosted its position in shares of BWX Technologies by 24.9% during the fourth quarter. Atria Investments LLC now owns 4,883 shares of the technology company’s stock worth $295,000 after acquiring an additional 973 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of BWX Technologies by 0.9% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 109,599 shares of the technology company’s stock worth $6,963,000 after acquiring an additional 1,031 shares during the last quarter. Amalgamated Bank boosted its position in shares of BWX Technologies by 5.8% during the fourth quarter. Amalgamated Bank now owns 18,764 shares of the technology company’s stock worth $1,135,000 after acquiring an additional 1,032 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of BWX Technologies by 39.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,272 shares of the technology company’s stock worth $319,000 after acquiring an additional 1,488 shares during the last quarter. Finally, M&T Bank Corp boosted its position in shares of BWX Technologies by 23.1% during the fourth quarter. M&T Bank Corp now owns 8,137 shares of the technology company’s stock worth $492,000 after acquiring an additional 1,527 shares during the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

BWXT stock traded down $0.32 during midday trading on Friday, reaching $67.78. 379,504 shares of the company’s stock traded hands, compared to its average volume of 601,722. BWX Technologies has a 52-week low of $45.79 and a 52-week high of $72.18. The stock has a market cap of $6.76 billion, a P/E ratio of 33.06, a P/E/G ratio of 2.45 and a beta of 0.50. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 1.37.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Friday, May 4th. The technology company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.06. BWX Technologies had a net margin of 9.24% and a return on equity of 72.41%. The business had revenue of $457.00 million during the quarter, compared to analysts’ expectations of $447.20 million. During the same period in the prior year, the company earned $0.55 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis. equities analysts forecast that BWX Technologies will post 2.56 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 6th. Shareholders of record on Friday, May 18th will be given a $0.16 dividend. The ex-dividend date is Thursday, May 17th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.94%. BWX Technologies’s payout ratio is currently 31.22%.

About BWX Technologies

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.

Analyst Recommendations for BWX Technologies (NYSE:BWXT)

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