BWX Technologies (NYSE:BWXT) Sets New 12-Month Low at $44.45

BWX Technologies, Inc. (NYSE:BWXT)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $44.45 and last traded at $48.19, with a volume of 18393 shares. The stock had previously closed at $48.14.

Several research firms have issued reports on BWXT. TheStreet cut BWX Technologies from a “b” rating to a “c+” rating in a research report on Thursday, September 30th. Truist lowered their target price on BWX Technologies from $77.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, November 2nd. Zacks Investment Research lowered BWX Technologies from a “hold” rating to a “sell” rating in a report on Monday, October 18th. Maxim Group upped their target price on BWX Technologies from $65.00 to $68.00 and gave the company a “buy” rating in a report on Tuesday, December 14th. Finally, Truist Securities lowered their target price on BWX Technologies from $77.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, November 2nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, BWX Technologies currently has an average rating of “Hold” and an average price target of $65.20.

The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.17. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 3.01 and a beta of 1.04. The business has a 50 day moving average of $49.14 and a 200 day moving average of $53.98.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, November 1st. The technology company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.03). BWX Technologies had a net margin of 12.19% and a return on equity of 42.47%. The company had revenue of $499.00 million for the quarter, compared to analyst estimates of $535.22 million. During the same period in the previous year, the business earned $0.79 EPS. The firm’s revenue was down 4.0% on a year-over-year basis. Research analysts predict that BWX Technologies, Inc. will post 3.06 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 10th. Shareholders of record on Friday, November 19th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Thursday, November 18th. BWX Technologies’s payout ratio is 31.46%.

In other news, CFO Robb A. Lemasters acquired 5,000 shares of the business’s stock in a transaction dated Friday, November 26th. The shares were bought at an average cost of $48.99 per share, for a total transaction of $244,950.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 11th. The stock was sold at an average price of $52.54, for a total value of $52,540.00. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in BWXT. Stephens Inc. AR increased its holdings in BWX Technologies by 1.2% during the 2nd quarter. Stephens Inc. AR now owns 15,275 shares of the technology company’s stock worth $888,000 after purchasing an additional 188 shares during the last quarter. MML Investors Services LLC grew its position in shares of BWX Technologies by 4.6% in the 2nd quarter. MML Investors Services LLC now owns 4,443 shares of the technology company’s stock worth $258,000 after acquiring an additional 196 shares in the last quarter. Selective Wealth Management Inc. grew its position in shares of BWX Technologies by 21.5% in the 3rd quarter. Selective Wealth Management Inc. now owns 1,215 shares of the technology company’s stock worth $65,000 after acquiring an additional 215 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of BWX Technologies by 3.9% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,099 shares of the technology company’s stock worth $328,000 after acquiring an additional 230 shares in the last quarter. Finally, Truist Financial Corp grew its position in shares of BWX Technologies by 3.3% in the 3rd quarter. Truist Financial Corp now owns 7,920 shares of the technology company’s stock worth $426,000 after acquiring an additional 253 shares in the last quarter. Institutional investors own 96.71% of the company’s stock.

About BWX Technologies (NYSE:BWXT)

BWX Technologies, Inc engages in the supply and provision of nuclear components and products. It operates through the following business segments: Nuclear Operations Group, Nuclear Services Group and Nuclear Power Group. The Nuclear Operations Group segment focuses on the design and manufacture of equipment for nuclear applications.

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