Sunday, March 3, 2019

BWX Technologies (BWXT) Downgraded to “Underperform” at Bank of America

BWX Technologies (NYSE:BWXT) was downgraded by analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research note issued on Friday, The Fly reports.

A number of other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of BWX Technologies from a “hold” rating to a “sell” rating in a research report on Thursday. Maxim Group raised their price objective on shares of BWX Technologies to $65.00 and gave the stock a “buy” rating in a research note on Tuesday. ValuEngine raised shares of BWX Technologies from a “sell” rating to a “hold” rating in a research note on Monday, November 19th. Finally, Drexel Hamilton reissued a “buy” rating and set a $55.00 price objective on shares of BWX Technologies in a research note on Thursday, November 15th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $58.63.

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Shares of NYSE:BWXT opened at $52.35 on Friday. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market capitalization of $5.24 billion, a P/E ratio of 25.54, a PEG ratio of 1.99 and a beta of 0.91. BWX Technologies has a 52 week low of $35.91 and a 52 week high of $72.18.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, February 25th. The technology company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.15. The firm had revenue of $478.00 million during the quarter, compared to the consensus estimate of $475.02 million. BWX Technologies had a net margin of 10.81% and a return on equity of 66.38%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 earnings per share. On average, sell-side analysts anticipate that BWX Technologies will post 2.45 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Shapiro Capital Management LLC boosted its holdings in shares of BWX Technologies by 171.1% in the 4th quarter. Shapiro Capital Management LLC now owns 3,962,354 shares of the technology company’s stock valued at $151,481,000 after purchasing an additional 2,500,913 shares during the last quarter. Capital World Investors acquired a new position in shares of BWX Technologies in the 3rd quarter valued at $71,802,000. William Blair Investment Management LLC boosted its holdings in shares of BWX Technologies by 15.9% in the 3rd quarter. William Blair Investment Management LLC now owns 6,647,175 shares of the technology company’s stock valued at $415,715,000 after purchasing an additional 911,880 shares during the last quarter. Brown Advisory Inc. boosted its holdings in shares of BWX Technologies by 14.5% in the 4th quarter. Brown Advisory Inc. now owns 5,811,393 shares of the technology company’s stock valued at $222,170,000 after purchasing an additional 734,736 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of BWX Technologies by 77.1% in the 4th quarter. FMR LLC now owns 1,202,335 shares of the technology company’s stock valued at $45,965,000 after purchasing an additional 523,473 shares during the last quarter. Hedge funds and other institutional investors own 93.43% of the company’s stock.

About BWX Technologies

BWX Technologies, Inc manufactures and sells nuclear components to the United States government. The company operates in three segments: Nuclear Operations, Technical Services, and Nuclear Energy. The Nuclear Operations segment offers precision naval nuclear components and reactors; close-tolerance and equipment for nuclear applications; and components for defense applications, as well as critical nuclear components, fuels, and assemblies for government and other uses.

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