BWX Technologies (NYSE:BWXT) Reaches New 52-Week Low at $44.45

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

BWXT has been the topic of several recent research reports. Truist lowered their target price on shares of BWX Technologies from $77.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, November 2nd. Barclays lowered their target price on shares of BWX Technologies from $57.00 to $53.00 and set an “underweight” rating on the stock in a research note on Monday, November 8th. Maxim Group lifted their target price on shares of BWX Technologies from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, December 14th. Zacks Investment Research cut shares of BWX Technologies from a “hold” rating to a “sell” rating in a research note on Monday, October 18th. Finally, Truist Securities lowered their target price on shares of BWX Technologies from $77.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, November 2nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $65.20.

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

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 10th. Investors of record on Friday, November 19th were issued a $0.21 dividend. The ex-dividend date was Thursday, November 18th. This represents a $0.84 annualized dividend and a yield of 1.74%. BWX Technologies’s dividend payout ratio (DPR) is currently 31.46%.

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

A number of large investors have recently modified their holdings of the business. Segall Bryant & Hamill LLC increased its stake in BWX Technologies by 16.7% during the third quarter. Segall Bryant & Hamill LLC now owns 165,364 shares of the technology company’s stock worth $8,909,000 after purchasing an additional 23,668 shares during the period. Balyasny Asset Management LLC acquired a new position in shares of BWX Technologies during the third quarter worth about $13,675,000. Bank of New York Mellon Corp grew its position in shares of BWX Technologies by 1.6% during the third quarter. Bank of New York Mellon Corp now owns 577,745 shares of the technology company’s stock worth $31,118,000 after buying an additional 9,047 shares in the last quarter. Captrust Financial Advisors grew its position in shares of BWX Technologies by 15.1% during the third quarter. Captrust Financial Advisors now owns 5,482 shares of the technology company’s stock worth $295,000 after buying an additional 720 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in shares of BWX Technologies by 11.0% during the third quarter. BNP Paribas Arbitrage SA now owns 96,801 shares of the technology company’s stock worth $5,214,000 after buying an additional 9,600 shares in the last quarter. Institutional investors own 96.71% of the company’s stock.

BWX Technologies Company Profile (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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