BWX Technologies Inc (NYSE:BWXT) – SunTrust Banks boosted their Q3 2019 earnings per share estimates for BWX Technologies in a report issued on Tuesday, August 6th. SunTrust Banks analyst M. Ciarmoli now forecasts that the technology company will post earnings of $0.64 per share for the quarter, up from their prior forecast of $0.61. SunTrust Banks currently has a “Hold” rating and a $55.00 price target on the stock. SunTrust Banks also issued estimates for BWX Technologies’ Q4 2019 earnings at $0.69 EPS, FY2019 earnings at $2.46 EPS, Q1 2020 earnings at $0.58 EPS, Q2 2020 earnings at $0.69 EPS, Q3 2020 earnings at $0.72 EPS, Q4 2020 earnings at $0.77 EPS and FY2020 earnings at $2.77 EPS.
BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, August 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.10. The company had revenue of $471.00 million for the quarter, compared to the consensus estimate of $440.45 million. BWX Technologies had a return on equity of 83.20% and a net margin of 11.60%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business posted $0.58 earnings per share.
Shares of NYSE:BWXT opened at $56.82 on Thursday. BWX Technologies has a 52-week low of $35.91 and a 52-week high of $64.68. The firm has a market capitalization of $5.32 billion, a P/E ratio of 23.77, a P/E/G ratio of 2.54 and a beta of 1.05. The company has a 50-day simple moving average of $52.52. The company has a current ratio of 1.86, a quick ratio of 1.77 and a debt-to-equity ratio of 2.91.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Thursday, August 15th. BWX Technologies’s dividend payout ratio (DPR) is presently 28.45%.
In other BWX Technologies news, CFO David S. Black sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $50.50, for a total transaction of $101,000.00. Following the completion of the transaction, the chief financial officer now owns 81,361 shares in the company, valued at $4,108,730.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $52.34, for a total transaction of $52,340.00. Following the transaction, the chief financial officer now owns 80,361 shares of the company’s stock, valued at approximately $4,206,094.74. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,000 shares of company stock worth $249,280. 0.44% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in BWXT. Oppenheimer Asset Management Inc. boosted its stake in BWX Technologies by 9.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,147 shares of the technology company’s stock worth $164,000 after purchasing an additional 259 shares during the period. William Blair Investment Management LLC boosted its stake in BWX Technologies by 10.4% in the 2nd quarter. William Blair Investment Management LLC now owns 7,012,266 shares of the technology company’s stock worth $365,339,000 after purchasing an additional 659,488 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new position in BWX Technologies in the 2nd quarter worth $95,000. Schroder Investment Management Group boosted its stake in BWX Technologies by 87.6% in the 2nd quarter. Schroder Investment Management Group now owns 1,442,966 shares of the technology company’s stock worth $75,178,000 after purchasing an additional 673,606 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in BWX Technologies by 42.0% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,449 shares of the technology company’s stock worth $180,000 after purchasing an additional 1,020 shares during the period.
About BWX Technologies
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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