BWX Technologies (NYSE:BWXT) Hits New 12-Month High at $66.70

BWX Technologies Inc (NYSE:BWXT)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $66.70 and last traded at $66.39, with a volume of 10297 shares traded. The stock had previously closed at $65.15.

BWXT has been the subject of several analyst reports. Barclays set a $55.00 target price on BWX Technologies and gave the stock a “sell” rating in a research report on Tuesday, October 8th. Zacks Investment Research downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, ValuEngine downgraded BWX Technologies from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $60.50.

The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a market cap of $6.21 billion, a P/E ratio of 27.79, a P/E/G ratio of 2.66 and a beta of 1.03. The company has a 50-day moving average of $62.69 and a 200 day moving average of $58.14.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, November 4th. The technology company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.14. BWX Technologies had a return on equity of 90.98% and a net margin of 10.93%. The business had revenue of $506.00 million during the quarter, compared to the consensus estimate of $486.02 million. During the same quarter last year, the company earned $0.40 EPS. BWX Technologies’s revenue was up 18.8% on a year-over-year basis. Sell-side analysts anticipate that BWX Technologies Inc will post 2.56 EPS for the current fiscal year.

In other BWX Technologies news, CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction on Monday, November 11th. The stock was sold at an average price of $61.50, for a total value of $61,500.00. Also, insider Joel W. Duling sold 1,600 shares of BWX Technologies stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $60.87, for a total value of $97,392.00. Following the completion of the transaction, the insider now owns 16,801 shares of the company’s stock, valued at approximately $1,022,676.87. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,600 shares of company stock valued at $224,742. Corporate insiders own 0.44% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of BWXT. Virginia Retirement Systems ET AL grew its stake in shares of BWX Technologies by 1.1% during the third quarter. Virginia Retirement Systems ET AL now owns 17,700 shares of the technology company’s stock worth $1,013,000 after purchasing an additional 200 shares during the period. Oppenheimer Asset Management Inc. grew its stake in BWX Technologies by 7.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 3,387 shares of the technology company’s stock valued at $194,000 after acquiring an additional 240 shares during the period. Vestmark Advisory Solutions Inc. grew its stake in BWX Technologies by 4.6% in the second quarter. Vestmark Advisory Solutions Inc. now owns 7,756 shares of the technology company’s stock valued at $404,000 after acquiring an additional 344 shares during the period. First Bank & Trust grew its stake in BWX Technologies by 4.4% in the third quarter. First Bank & Trust now owns 9,064 shares of the technology company’s stock valued at $518,000 after acquiring an additional 385 shares during the period. Finally, NumerixS Investment Technologies Inc acquired a new position in BWX Technologies in the second quarter valued at about $31,000.

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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