BWX Technologies (BWXT) Reaches New 1-Year High at $63.36

BWX Technologies, Inc. (NYSE:BWXT) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $63.36 and last traded at $62.85, with a volume of 352600 shares. The stock had previously closed at $61.65.

A number of brokerages have issued reports on BWXT. BidaskClub raised shares of BWX Technologies from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 26th. Zacks Investment Research cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Wells Fargo & Co began coverage on shares of BWX Technologies in a report on Monday, December 11th. They issued a “market perform” rating and a $65.00 target price for the company. Robert W. Baird began coverage on shares of BWX Technologies in a report on Tuesday, October 24th. They issued an “outperform” rating and a $70.00 target price for the company. Finally, Bank of America increased their target price on shares of BWX Technologies from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, October 5th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. BWX Technologies currently has a consensus rating of “Buy” and an average price target of $64.50.

The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.81 and a current ratio of 1.81. The company has a market capitalization of $6,300.00, a price-to-earnings ratio of 31.84, a PEG ratio of 2.35 and a beta of 0.48.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, November 6th. The technology company reported $0.46 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.46. BWX Technologies had a net margin of 11.89% and a return on equity of 88.05%. The company had revenue of $419.36 million during the quarter, compared to analysts’ expectations of $420.39 million. During the same period last year, the company posted $0.39 earnings per share. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. research analysts anticipate that BWX Technologies, Inc. will post 2.06 EPS for the current fiscal year.

In other news, Chairman John A. Fees sold 21,453 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $60.21, for a total value of $1,291,685.13. Following the sale, the chairman now directly owns 87,919 shares in the company, valued at $5,293,602.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David S. Black sold 1,000 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $59.93, for a total transaction of $59,930.00. Following the completion of the sale, the chief financial officer now owns 63,979 shares in the company, valued at $3,834,261.47. The disclosure for this sale can be found here. Insiders sold 24,453 shares of company stock worth $1,475,045 over the last quarter. Company insiders own 0.76% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of BWX Technologies by 0.7% in the second quarter. Vanguard Group Inc. now owns 8,004,745 shares of the technology company’s stock valued at $390,232,000 after purchasing an additional 58,159 shares during the last quarter. BlackRock Inc. grew its position in shares of BWX Technologies by 6.7% in the second quarter. BlackRock Inc. now owns 5,374,992 shares of the technology company’s stock valued at $262,030,000 after purchasing an additional 336,521 shares during the last quarter. Artisan Partners Limited Partnership grew its position in shares of BWX Technologies by 12.4% in the third quarter. Artisan Partners Limited Partnership now owns 4,609,767 shares of the technology company’s stock valued at $258,239,000 after purchasing an additional 509,351 shares during the last quarter. Capital Research Global Investors grew its position in shares of BWX Technologies by 11.1% in the second quarter. Capital Research Global Investors now owns 3,464,262 shares of the technology company’s stock valued at $168,883,000 after purchasing an additional 345,797 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of BWX Technologies by 3.3% in the third quarter. Wells Fargo & Company MN now owns 3,171,362 shares of the technology company’s stock valued at $177,659,000 after purchasing an additional 99,888 shares during the last quarter. Institutional investors and hedge funds own 95.49% of the company’s stock.

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About BWX Technologies

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.

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