Brokerages Set BWX Technologies Inc (BWXT) Price Target at $67.00
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.
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.
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