BWX Technologies Inc (BWXT) Given Consensus Recommendation of “Hold” by Brokerages

BWX Technologies Inc (NYSE:BWXT) has been given an average recommendation of “Hold” by the eleven research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $56.29.

A number of analysts have weighed in on BWXT shares. Credit Suisse Group reduced their price target on BWX Technologies from $60.00 to $46.00 and set a “neutral” rating for the company in a research report on Thursday, November 8th. ValuEngine raised BWX Technologies from a “sell” rating to a “hold” rating in a research report on Monday, November 19th. SunTrust Banks cut BWX Technologies from a “buy” rating to a “hold” rating and reduced their price target for the stock from $79.00 to $48.00 in a research report on Wednesday, November 7th. Maxim Group started coverage on BWX Technologies in a research report on Tuesday, November 13th. They issued a “buy” rating and a $60.00 price target for the company. Finally, Zacks Investment Research raised BWX Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th.

In other BWX Technologies news, CEO Rex D. Geveden acquired 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 20th. The stock was acquired at an average price of $41.49 per share, with a total value of $103,725.00. Following the transaction, the chief executive officer now owns 28,595 shares of the company’s stock, valued at $1,186,406.55. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David S. Black sold 1,000 shares of the business’s stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $46.29, for a total value of $46,290.00. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantamental Technologies LLC acquired a new position in shares of BWX Technologies during the 4th quarter worth about $38,000. CENTRAL TRUST Co bought a new position in BWX Technologies during the third quarter valued at about $100,000. Tower Research Capital LLC TRC bought a new position in BWX Technologies during the third quarter valued at about $121,000. First Manhattan Co. bought a new position in BWX Technologies during the third quarter valued at about $125,000. Finally, Raymond James Trust N.A. bought a new position in BWX Technologies during the third quarter valued at about $204,000. 96.71% of the stock is owned by institutional investors and hedge funds.

BWXT traded down $0.14 during trading on Friday, reaching $45.45. 4,664 shares of the stock traded hands, compared to its average volume of 652,947. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 1.69 and a beta of 0.72. BWX Technologies has a fifty-two week low of $35.91 and a fifty-two week high of $72.18. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.93.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings data on Tuesday, November 6th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.22). BWX Technologies had a net margin of 10.81% and a return on equity of 66.38%. The firm had revenue of $425.50 million for the quarter, compared to analyst estimates of $461.26 million. During the same period in the previous year, the business posted $0.46 EPS. BWX Technologies’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, sell-side analysts forecast that BWX Technologies will post 2.45 earnings per share for the current fiscal year.

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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