The BWX Technologies’ (BWXT) Buy Rating Reiterated at Sidoti

The BWX Technologies’ (BWXT) Buy Rating Reiterated at Sidoti

BWXT has been the topic of several other reports. TheStreet raised shares of BWX Technologies from a c+ rating to a b rating in a research note on Tuesday, March 21st. Zacks Investment Research raised shares of BWX Technologies from a hold rating to a buy rating and set a $52.00 price target on the stock in a research note on Tuesday, March 21st. Finally, Bank of America Corp raised shares of BWX Technologies from a neutral rating to a buy rating and lifted their price target for the stock from $43.00 to $55.00 in a research note on Tuesday, March 21st. Five investment analysts have rated the stock with a buy rating, BWX Technologies currently has a consensus rating of Buy and an average price target of $51.60.

Sidoti reissued their buy rating on shares of BWX Technologies Inc (NYSE:BWXT) in a research note released on Wednesday. They currently have a $62.00 price target on the technology company’s stock.

Shares of BWX Technologies (NYSE:BWXT) opened at 49.19 on Wednesday. BWX Technologies has a one year low of $33.85 and a one year high of $51.00. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 26.78 and a beta of 0.36. The company’s 50 day moving average is $49.10 and its 200 day moving average is $44.28. BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, May 1st. The technology company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.09. The business had revenue of $428.23 million for the quarter, compared to the consensus estimate of $391.71 million. BWX Technologies had a net margin of 9.68% and a return on equity of 72.58%. BWX Technologies’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period last year, the firm posted $0.44 earnings per share. Equities research analysts predict that BWX Technologies will post $1.99 earnings per share for the current year.

Shares of BWX Technologies (NYSE:BWXT) opened at 49.19 on Wednesday. BWX Technologies has a one year low of $33.85 and a one year high of $51.00. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 26.78 and a beta of 0.36. The company’s 50 day moving average is $49.10 and its 200 day moving average is $44.28. The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Shareholders of record on Tuesday, May 16th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, May 12th. This is an increase from BWX Technologies’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a dividend yield of 0.89%. BWX Technologies’s dividend payout ratio (DPR) is 25.71%.

In other news, Director Harbour Group L.P. Blue sold 5,273,159 shares of the firm’s stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $45.67, for a total value of $240,825,171.53. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph G. Henry sold 32,895 shares of the firm’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $50.10, for a total transaction of $1,648,039.50. Following the completion of the transaction, the insider now owns 32,616 shares in the company, valued at approximately $1,634,061.60. The disclosure for this sale can be found here. Insiders have sold 5,310,554 shares of company stock worth $242,682,416 over the last three months. Insiders own 0.86% of the company’s stock. Several hedge funds and other institutional investors have recently modified their holdings of BWXT. Navellier & Associates Inc boosted its position in shares of BWX Technologies by 2.5% in the first quarter. Navellier & Associates Inc now owns 7,627 shares of the technology company’s stock valued at $363,000 after buying an additional 188 shares in the last quarter. M&T Bank Corp boosted its position in shares of BWX Technologies by 5.1% in the first quarter. M&T Bank Corp now owns 6,906 shares of the technology company’s stock valued at $328,000 after buying an additional 338 shares in the last quarter. Schafer Cullen Capital Management Inc. boosted its position in shares of BWX Technologies by 11.4% in the third quarter. Schafer Cullen Capital Management Inc. now owns 6,401 shares of the technology company’s stock valued at $246,000 after buying an additional 656 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of BWX Technologies by 2.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 37,997 shares of the technology company’s stock valued at $1,507,000 after buying an additional 952 shares in the last quarter. Finally, Federated Investors Inc. PA boosted its position in shares of BWX Technologies by 15.6% in the fourth quarter. Federated Investors Inc. PA now owns 9,701 shares of the technology company’s stock valued at $385,000 after buying an additional 1,310 shares in the last quarter. Hedge funds and other institutional investors own 98.19% of the company’s stock.

BWX Technologies Company Profile BWX Technologies, Inc is a manufacturer of nuclear components and a service provider. The Company’s businesses focus on the design, engineering and manufacture of precision naval nuclear components, reactors and nuclear fuel for the United States Government. Its segments include Nuclear Operations, Technical Services, Nuclear Energy and Other.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BWXT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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