Seaport Global Securities set a $62.00 price target on BWX Technologies (NYSE:BWXT) in a report published on Wednesday, TipRanks reports. The firm currently has a buy rating on the technology company’s stock. Seaport Global Securities also issued estimates for BWX Technologies’ Q3 2019 earnings at $0.63 EPS, Q4 2019 earnings at $0.74 EPS, Q1 2020 earnings at $0.58 EPS, Q2 2020 earnings at $0.67 EPS, Q3 2020 earnings at $0.69 EPS, Q4 2020 earnings at $0.80 EPS and FY2020 earnings at $2.74 EPS.
Other analysts also recently issued research reports about the company. Zacks Investment Research upgraded BWX Technologies from a sell rating to a hold rating in a research note on Monday, July 1st. Maxim Group reiterated a buy rating and set a $71.00 price target on shares of BWX Technologies in a research note on Wednesday. Finally, TheStreet upgraded BWX Technologies from a c+ rating to a b- rating in a research note on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $56.43.
Shares of BWXT traded down $0.21 during trading hours on Wednesday, hitting $56.82. 386,793 shares of the company were exchanged, compared to its average volume of 462,470. The company has a market capitalization of $5.43 billion, a P/E ratio of 23.00, a PEG ratio of 2.60 and a beta of 1.05. The company’s 50 day simple moving average is $52.52. BWX Technologies has a 52 week low of $35.91 and a 52 week high of $64.68. The company has a debt-to-equity ratio of 2.91, a quick ratio of 1.77 and a current ratio of 1.86.
The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.68 annualized dividend and a dividend yield of 1.20%. BWX Technologies’s dividend payout ratio is presently 28.45%.
In related news, CFO David S. Black sold 1,000 shares of the business’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 completion of the transaction, the chief financial officer now owns 80,361 shares of the company’s stock, valued at approximately $4,206,094.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David S. Black sold 2,000 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $50.50, for a total value of $101,000.00. Following the transaction, the chief financial officer now directly owns 81,361 shares of the company’s stock, valued at approximately $4,108,730.50. The disclosure for this sale can be found here. Insiders have sold a total of 5,000 shares of company stock valued at $249,280 in the last three months. 0.44% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. boosted its position 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 valued at $164,000 after buying an additional 259 shares during the last quarter. William Blair Investment Management LLC boosted its position 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 valued at $365,339,000 after buying an additional 659,488 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new position in BWX Technologies in the 2nd quarter valued at $95,000. Schroder Investment Management Group boosted its position 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 valued at $75,178,000 after buying an additional 673,606 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position 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 valued at $180,000 after buying an additional 1,020 shares during the last quarter.
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.
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