BWX Technologies (NYSE:BWXT) Stock Rating Lowered by ValuEngine

ValuEngine downgraded shares of BWX Technologies (NYSE:BWXT) from a buy rating to a hold rating in a report issued on Thursday, ValuEngine reports.

BWXT has been the topic of a number of other research reports. Zacks Investment Research raised shares of BWX Technologies from a sell rating to a hold rating in a report on Monday, July 1st. Seaport Global Securities set a $62.00 price target on shares of BWX Technologies and gave the stock a buy rating in a report on Wednesday, August 7th. Maxim Group reaffirmed a buy rating and issued a $71.00 price target on shares of BWX Technologies in a report on Wednesday, August 7th. Finally, SunTrust Banks set a $55.00 price target on shares of BWX Technologies and gave the stock a hold rating in a report on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $56.25.

Shares of NYSE:BWXT traded down $0.13 during mid-day trading on Thursday, reaching $55.69. The company had a trading volume of 5,703 shares, compared to its average volume of 464,990. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 2.91. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 2.51 and a beta of 1.04. The company’s 50-day moving average price is $58.01 and its 200-day moving average price is $52.87. BWX Technologies has a one year low of $35.91 and a one year high of $61.14.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, August 5th. The technology company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.10. The company had revenue of $471.00 million for the quarter, compared to analysts’ expectations of $440.45 million. BWX Technologies had a net margin of 11.60% and a return on equity of 83.20%. BWX Technologies’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 EPS. On average, research analysts anticipate that BWX Technologies will post 2.49 EPS for the current fiscal year.

In related news, Director John A. Fees sold 60,000 shares of BWX Technologies stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $57.15, for a total value of $3,429,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $59.11, for a total transaction of $59,110.00. Following the completion of the transaction, the chief financial officer now owns 76,161 shares of the company’s stock, valued at $4,501,876.71. The disclosure for this sale can be found here. Insiders sold a total of 63,000 shares of company stock valued at $3,599,510 over the last quarter. 0.44% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. William Blair Investment Management LLC grew its stake in BWX Technologies by 10.4% in the 2nd quarter. William Blair Investment Management LLC now owns 7,012,266 shares of the technology company’s stock valued at $365,339,000 after buying an additional 659,488 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in BWX Technologies by 13.0% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,656,977 shares of the technology company’s stock valued at $86,328,000 after buying an additional 190,041 shares in the last quarter. Invesco Ltd. grew its stake in BWX Technologies by 16.9% in the 2nd quarter. Invesco Ltd. now owns 1,594,660 shares of the technology company’s stock valued at $83,082,000 after buying an additional 231,113 shares in the last quarter. Schroder Investment Management Group grew its stake in BWX Technologies by 87.6% in the 2nd quarter. Schroder Investment Management Group now owns 1,442,966 shares of the technology company’s stock valued at $75,178,000 after buying an additional 673,606 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in BWX Technologies by 10.9% in the 2nd quarter. Royal Bank of Canada now owns 720,029 shares of the technology company’s stock valued at $37,512,000 after buying an additional 70,625 shares in the last quarter.

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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Analyst Recommendations for BWX Technologies (NYSE:BWXT)

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