BWX Technologies Inc. (NYSE:BWXT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
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. “
BWX Technologies (NYSE:BWXT) traded down 2.07% during trading on Tuesday, hitting $37.79. 510,918 shares of the stock were exchanged. BWX Technologies has a 12-month low of $26.89 and a 12-month high of $39.70. The stock’s 50-day moving average price is $38.80 and its 200-day moving average price is $36.05. The firm has a market cap of $3.91 billion, a PE ratio of 19.21 and a beta of 0.49.
BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, August 8th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.38 by $0.06. The business earned $402.38 million during the quarter, compared to analyst estimates of $367.04 million. BWX Technologies had a net margin of 14.07% and a return on equity of 60.44%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 earnings per share. On average, equities analysts expect that BWX Technologies will post $1.66 EPS for the current year.
In related news, insider Joseph G. Henry sold 16,032 shares of the stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $39.28, for a total value of $629,736.96. Following the completion of the transaction, the insider now owns 36,425 shares in the company, valued at approximately $1,430,774. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP James D. Canafax sold 4,500 shares of the stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $37.74, for a total transaction of $169,830.00. Following the completion of the transaction, the senior vice president now owns 67,600 shares of the company’s stock, valued at approximately $2,551,224. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.
A number of institutional investors have recently made changes to their positions in BWXT. M&T Bank Corp raised its position in shares of BWX Technologies by 1.1% in the second quarter. M&T Bank Corp now owns 6,639 shares of the company’s stock worth $236,000 after buying an additional 69 shares in the last quarter. American Century Companies Inc. raised its position in BWX Technologies by 3.5% in the second quarter. American Century Companies Inc. now owns 7,618 shares of the company’s stock valued at $272,000 after buying an additional 259 shares during the period. Glenmede Trust Co. NA raised its position in BWX Technologies by 4.5% in the second quarter. Glenmede Trust Co. NA now owns 10,735 shares of the company’s stock valued at $383,000 after buying an additional 460 shares during the period. Teacher Retirement System of Texas raised its position in BWX Technologies by 6.6% in the second quarter. Teacher Retirement System of Texas now owns 13,227 shares of the company’s stock valued at $473,000 after buying an additional 824 shares during the period. Finally, I.G. Investment Management LTD. raised its position in BWX Technologies by 9.4% in the second quarter. I.G. Investment Management LTD. now owns 12,549 shares of the company’s stock valued at $449,000 after buying an additional 1,075 shares during the period. Hedge funds and other institutional investors own 94.36% of the company’s stock.
BWX Technologies Company Profile
BWX Technologies, Inc, formerly The Babcock & Wilcox Company, 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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