BWX Technologies (BWXT) Cut to “Hold” at SunTrust Banks

BWX Technologies (NYSE:BWXT) was downgraded by stock analysts at SunTrust Banks from a “buy” rating to a “hold” rating in a report released on Wednesday, MarketBeat reports. They presently have a $48.00 price objective on the technology company’s stock, down from their prior price objective of $79.00. SunTrust Banks’ target price indicates a potential upside of 3.34% from the stock’s previous close. SunTrust Banks also issued estimates for BWX Technologies’ Q4 2018 earnings at $0.61 EPS, Q1 2019 earnings at $0.59 EPS, Q2 2019 earnings at $0.59 EPS, Q3 2019 earnings at $0.59 EPS and Q4 2019 earnings at $0.68 EPS.

Separately, Zacks Investment Research cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Monday, July 16th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. BWX Technologies currently has a consensus rating of “Hold” and an average target price of $62.38.

BWX Technologies stock opened at $46.45 on Wednesday. The company has a market capitalization of $6.05 billion, a PE ratio of 22.66, a P/E/G ratio of 2.14 and a beta of 0.58. BWX Technologies has a 12-month low of $44.50 and a 12-month high of $72.18. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 1.72.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Tuesday, November 6th. The technology company reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.22). The business had revenue of $425.50 million for the quarter, compared to the consensus estimate of $461.26 million. BWX Technologies had a return on equity of 68.96% and a net margin of 10.81%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 earnings per share. As a group, sell-side analysts anticipate that BWX Technologies will post 2.25 EPS for the current fiscal year.

In related news, VP Jason S. Kerr sold 1,365 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $64.06, for a total value of $87,441.90. Following the completion of the transaction, the vice president now owns 9,132 shares of the company’s stock, valued at approximately $584,995.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $62.40, for a total transaction of $62,400.00. Following the completion of the transaction, the chief financial officer now directly owns 70,570 shares of the company’s stock, valued at approximately $4,403,568. The disclosure for this sale can be found here. Insiders have sold 4,365 shares of company stock valued at $269,062 over the last 90 days. 0.76% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the stock. CENTRAL TRUST Co acquired a new position in BWX Technologies in the 3rd quarter worth approximately $100,000. Destination Wealth Management boosted its stake in BWX Technologies by 2,867.8% in the 2nd quarter. Destination Wealth Management now owns 1,751 shares of the technology company’s stock worth $109,000 after purchasing an additional 1,692 shares during the period. Fort L.P. acquired a new position in BWX Technologies in the 2nd quarter worth approximately $118,000. First Manhattan Co. acquired a new position in BWX Technologies in the 3rd quarter worth approximately $125,000. Finally, Point72 Hong Kong Ltd boosted its stake in BWX Technologies by 2,445.8% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,113 shares of the technology company’s stock worth $132,000 after purchasing an additional 2,030 shares during the period. 94.90% of the stock is owned by hedge funds and other institutional investors.

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.

See Also: Intrinsic Value

Analyst Recommendations for BWX Technologies (NYSE:BWXT)

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