BWX Technologies (BWXT) Cut to Hold at Zacks Investment Research

BWX Technologies (NYSE:BWXT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday.

According to Zacks, “BWX Technologies, Inc. supplies precision manufactured components and services to the commercial nuclear power industry. The company offers technical, management and site services to governments in complex facilities and environmental remediation activities. It operates primarily in Lynchburg, Va., Ohio and Cambridge, Ontario. BWX Technologies, Inc., formerly known as Babcock & Wilcox Company, is headquartered in Lynchburg, Va. “

A number of other equities analysts also recently commented on BWXT. SunTrust Banks restated a “buy” rating and set a $62.00 price objective on shares of BWX Technologies in a research note on Monday, October 2nd. ValuEngine downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Bank of America increased their price objective on shares of BWX Technologies from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, October 5th. Robert W. Baird initiated coverage on shares of BWX Technologies in a research note on Tuesday, October 24th. They set an “outperform” rating and a $70.00 price objective for the company. Finally, BidaskClub upgraded shares of BWX Technologies from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 26th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $65.88.

Shares of BWX Technologies (BWXT) traded down $0.16 during midday trading on Monday, reaching $64.49. 269,171 shares of the company were exchanged, compared to its average volume of 464,609. The firm has a market cap of $6,410.00, a price-to-earnings ratio of 32.41, a PEG ratio of 2.55 and a beta of 0.48. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.81 and a current ratio of 1.81. BWX Technologies has a 12-month low of $41.08 and a 12-month high of $64.92.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, November 6th. The technology company reported $0.46 EPS for the quarter, hitting 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 the consensus estimate of $420.39 million. During the same period in the prior year, the business posted $0.39 EPS. The company’s quarterly revenue was up 10.5% on a year-over-year basis. analysts expect that BWX Technologies will post 2.06 earnings per share for the current fiscal year.

In other news, Chairman John A. Fees sold 21,453 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $5,293,602.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO David S. Black sold 1,000 shares of the company’s stock in a transaction dated 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 directly owns 63,979 shares in the company, valued at $3,834,261.47. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,453 shares of company stock worth $1,475,045. 0.76% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its holdings in shares of BWX Technologies by 12.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 139,138 shares of the technology company’s stock valued at $6,783,000 after purchasing an additional 15,367 shares during the period. Burgundy Asset Management Ltd. raised its holdings in shares of BWX Technologies by 1.3% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,200,631 shares of the technology company’s stock valued at $58,531,000 after purchasing an additional 15,430 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of BWX Technologies by 84.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 904,130 shares of the technology company’s stock valued at $44,076,000 after purchasing an additional 414,994 shares during the period. Royal Bank of Canada raised its holdings in shares of BWX Technologies by 3.4% in the 2nd quarter. Royal Bank of Canada now owns 89,920 shares of the technology company’s stock valued at $4,384,000 after purchasing an additional 2,986 shares during the period. Finally, FDx Advisors Inc. bought a new stake in shares of BWX Technologies in the 3rd quarter valued at about $496,000. 95.42% of the stock is currently owned by institutional investors.

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BWX Technologies Company Profile

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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