$451.18 Million in Sales Expected for BWX Technologies Inc (BWXT) This Quarter

Brokerages expect BWX Technologies Inc (NYSE:BWXT) to post $451.18 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for BWX Technologies’ earnings. The highest sales estimate is $467.00 million and the lowest is $442.70 million. BWX Technologies reported sales of $403.86 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.7%. The firm is scheduled to announce its next earnings results on Monday, February 26th.

On average, analysts expect that BWX Technologies will report full year sales of $451.18 million for the current year, with estimates ranging from $1.70 billion to $1.72 billion. For the next year, analysts expect that the firm will report sales of $1.85 billion per share, with estimates ranging from $1.81 billion to $1.91 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for BWX Technologies.

BWXT has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded BWX Technologies from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Friday, January 26th. SunTrust Banks reissued a “buy” rating and issued a $70.00 target price on shares of BWX Technologies in a research report on Friday, January 19th. Seaport Global Securities initiated coverage on BWX Technologies in a research report on Wednesday, January 10th. They issued a “buy” rating and a $72.00 target price for the company. BidaskClub cut BWX Technologies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd. Finally, ValuEngine cut BWX Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $65.88.

In other BWX Technologies news, Chairman John A. Fees sold 21,453 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $60.21, for a total transaction of $1,291,685.13. Following the completion of the sale, the chairman now directly owns 87,919 shares of the company’s stock, valued at approximately $5,293,602.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David S. Black sold 1,000 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $59.93, for a total value of $59,930.00. Following the sale, the chief financial officer now directly owns 63,979 shares of the company’s stock, valued at $3,834,261.47. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,453 shares of company stock valued at $1,475,045. Insiders own 0.76% of the company’s stock.

A number of institutional investors have recently bought and sold shares of BWXT. Janus Henderson Group PLC acquired a new stake in BWX Technologies during the 2nd quarter worth approximately $145,836,000. Brown Advisory Inc. lifted its position in BWX Technologies by 4,067.9% during the 3rd quarter. Brown Advisory Inc. now owns 2,162,739 shares of the technology company’s stock worth $121,157,000 after acquiring an additional 2,110,849 shares during the period. Artisan Partners Limited Partnership lifted its position in BWX Technologies by 12.4% during the 3rd quarter. Artisan Partners Limited Partnership now owns 4,609,767 shares of the technology company’s stock worth $258,239,000 after acquiring an additional 509,351 shares during the period. Jennison Associates LLC acquired a new stake in BWX Technologies during the 4th quarter worth approximately $29,508,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in BWX Technologies by 84.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 904,130 shares of the technology company’s stock worth $44,076,000 after acquiring an additional 414,994 shares during the period. 95.42% of the stock is owned by institutional investors.

BWX Technologies (BWXT) opened at $63.76 on Friday. BWX Technologies has a 1-year low of $41.38 and a 1-year high of $64.92. The company has a market capitalization of $6,270.00, a PE ratio of 32.04, a PEG ratio of 2.47 and a beta of 0.50. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.81 and a quick ratio of 1.81.

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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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Earnings History and Estimates for BWX Technologies (NYSE:BWXT)

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