Stocks of BWX Technologies Inc. (NYSE:BWXT) traded higher last session on Wall Street, down -1.94% to $57.51.
According to the data, BWX Technologies Inc. (NYSE:BWXT) has 9 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $75.00 and a low of $61.00, we find $67.50. Given the previous closing price of $58.65, this indicates a potential upside of 15.09 percent. BWXT stock price is now -2.41% away from the 50-day moving average and 5.30% away from the 200-day moving average. The market capitalization of the company currently stands at $5.35B.
A total of 3 analysts have issued a hold rating and 6 have given it a buy rating. Brokers who have rated the stock have averaged $67.50 as their price target over the next twelve months.
With the price target maintained at $64, Barclays recently Upgraded its rating from Underweight to Equal Weight for BWX Technologies Inc. (NYSE: BWXT). On October 12, 2022, Credit Suisse recently initiated its ‘Outperform’ rating on the stock quoting a target price of $65, while ‘Robert W. Baird’ rates the stock as ‘Neutral’.
In other news, Loving Richard W, SVP and CAO sold 300 shares of the company’s stock on Jun 01. The stock was sold for $15,438 at an average price of $51.46. Upon completion of the transaction, the SVP and CAO now directly owns 17,634 shares in the company, valued at $1.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 02, SVP and CAO Loving Richard W sold 300 shares of the business’s stock. A total of $15,444 was realized by selling the stock at an average price of $51.48. This leaves the insider owning 17,934 shares of the company worth $1.03 million. Insiders disposed of 67,419 shares of company stock worth roughly $3.88 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BWXT stock. A new stake in BWX Technologies Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $231,796,000. GREAT WEST LIFE ASSURANCE CO /CAN/ invested $23,092,000 in shares of BWXT during the first quarter. In the first quarter, DEPRINCE RACE & ZOLLO INC acquired a new stake in BWX Technologies Inc. valued at approximately $21,296,000. KINGDON CAPITAL MANAGEMENT, L.L.C. acquired a new stake in BWXT for approximately $19,323,000. MOODY ALDRICH PARTNERS LLC purchased a new stake in BWXT valued at around $16,460,000 in the second quarter.
Friday’s opening bell rang with an opening price of $58.06 for BWX Technologies Inc. (NYSE: BWXT). During the past 12 months, BWX Technologies Inc. has had a low of $42.58 and a high of $62.84. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.10, and a quick ratio of 2.00. The fifty day moving average price for BWXT is $58.93 and a two-hundred day moving average price translates $54.63 for the stock.
The latest earnings results from BWX Technologies Inc. (NYSE: BWXT) was released for Jun, 2022. According to the Aerospace & Defense Company, earnings per share came in at $0.82, beating analysts’ expectations of $0.75 by 0.07. This compares to $0.64 EPS in the same period last year. The net profit margin was 14.20% and return on equity was 46.00% for BWXT. The company reported revenue of $523.71 million for the quarter, compared to $498.73 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.01 percent. For the current quarter, analysts expect BWXT to generate $535.27M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/13/2022. Investors who held shares on 11/21/2022 were paid a $0.22 dividend. On an annualized basis, this represents a $0.88 dividend and a 1.53% percent yield. There was an ex-dividend date of 11/18/2022 for this dividend. In terms of dividend payout ratio, BWXT is presently at 25.60%.
BWX Technologies Inc.(BWXT) Company Profile
BWX Technologies, Inc. manufactures and sells nuclear components in the United States, Canada, and internationally. It operates in three segments: Nuclear Operations Group, Nuclear Power Group, and Nuclear Services Group. The Nuclear Operations Group segment provides precision naval and critical nuclear components, reactors, nuclear fuel, and assemblies for the United States Department of Energy/National Nuclear Security Administration’s Naval Nuclear Propulsion Program and other uses; missile launch tubes for United States Navy submarines; close-tolerance and equipment for nuclear applications; and converts Cold War-era government stockpiles of high-enriched uranium, as well as receives, stores, characterizes, dissolves, recovers, and purifies uranium-bearing materials; supplies research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications. The Nuclear Power Group segment offers commercial nuclear steam generators, nuclear fuel, fuel handling systems, pressure vessels, reactor components, heat exchangers, tooling delivery systems, and containers; engineering and in-plant services for nuclear power plants; designs, manufactures, commissions, and services nuclear power generation equipment; in-plant inspection, maintenance, and modification services, as well as non-destructive examination and tooling/repair solutions; and supplies medical radioisotopes and radiopharmaceuticals for research, diagnostic, and therapeutic uses. The company was formerly known as The Babcock & Wilcox Company and changed its name to BWX Technologies, Inc. in June 2015. BWX Technologies, Inc. was founded in 1867 and is headquartered in Lynchburg, Virginia.