A number of other analysts also recently weighed in on BWXT. Zacks Investment Research upgraded BWX Technologies from a sell rating to a hold rating and set a $69.00 target price for the company in a research report on Tuesday, January 9th. Seaport Global Securities began coverage on BWX Technologies in a research report on Wednesday, January 10th. They issued a buy rating and a $72.00 price objective for the company. ValuEngine upgraded BWX Technologies from a hold rating to a buy rating in a research report on Thursday, March 1st. BidaskClub downgraded BWX Technologies from a buy rating to a hold rating in a research report on Wednesday, November 8th. Finally, SunTrust Banks reiterated a buy rating and issued a $70.00 price objective on shares of BWX Technologies in a research report on Friday, January 19th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. BWX Technologies has a consensus rating of Buy and an average target price of $65.88.
Shares of BWX Technologies (NYSE:BWXT) opened at $65.61 on Tuesday. The firm has a market capitalization of $6,364.22, a P/E ratio of 44.94, a P/E/G ratio of 2.26 and a beta of 0.51. BWX Technologies has a 12-month low of $45.79 and a 12-month high of $65.68. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.65 and a quick ratio of 1.65.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Monday, March 12th will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, March 9th. This represents a $0.64 annualized dividend and a yield of 0.98%. This is an increase from BWX Technologies’s previous quarterly dividend of $0.11. BWX Technologies’s payout ratio is presently 30.14%.
In other BWX Technologies news, CFO David S. Black sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $61.55, for a total value of $61,550.00. Following the completion of the sale, the chief financial officer now owns 61,979 shares in the company, valued at $3,814,807.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 3,000 shares of company stock valued at $183,790 in the last quarter. Corporate insiders own 0.76% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of BWXT. Captrust Financial Advisors purchased a new position in shares of BWX Technologies during the fourth quarter valued at approximately $126,000. Cerebellum GP LLC purchased a new position in shares of BWX Technologies during the fourth quarter valued at approximately $128,000. American International Group Inc. purchased a new position in shares of BWX Technologies during the fourth quarter valued at approximately $134,000. Assetmark Inc. increased its stake in shares of BWX Technologies by 402.7% during the fourth quarter. Assetmark Inc. now owns 2,222 shares of the technology company’s stock valued at $134,000 after buying an additional 1,780 shares during the period. Finally, First Manhattan Co. purchased a new position in shares of BWX Technologies during the fourth quarter valued at approximately $184,000. 94.65% of the stock is currently owned by hedge funds and other institutional investors.
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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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