BWX Technologies (BWXT) Stock Rating Lowered by ValuEngine

BWX Technologies (NYSE:BWXT) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

BWXT has been the topic of several other reports. SunTrust Banks lowered shares of BWX Technologies from a “buy” rating to a “hold” rating and decreased their target price for the company from $79.00 to $48.00 in a research report on Wednesday. Zacks Investment Research upgraded shares of BWX Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $62.38.

Shares of BWX Technologies stock opened at $46.45 on Wednesday. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 1.72. BWX Technologies has a twelve month low of $44.50 and a twelve month high of $72.18. The stock has a market cap of $6.05 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 2.14 and a beta of 0.58.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Tuesday, November 6th. The technology company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.22). BWX Technologies had a net margin of 10.81% and a return on equity of 68.96%. The business had revenue of $425.50 million for the quarter, compared to analyst estimates of $461.26 million. During the same quarter last year, the firm posted $0.46 earnings per share. BWX Technologies’s revenue was up 1.5% on a year-over-year basis. Research analysts forecast that BWX Technologies will post 2.25 earnings per share for the current year.

In related news, CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $62.40, for a total transaction of $62,400.00. Following the completion of the transaction, the chief financial officer now directly owns 70,570 shares of the company’s stock, valued at approximately $4,403,568. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jason S. Kerr sold 1,365 shares of BWX Technologies stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $64.06, for a total transaction of $87,441.90. Following the transaction, the vice president now directly owns 9,132 shares of the company’s stock, valued at $584,995.92. The disclosure for this sale can be found here. Insiders have sold a total of 4,365 shares of company stock valued at $269,062 over the last three months. 0.76% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP bought a new position in BWX Technologies during the 2nd quarter valued at about $4,090,000. Oakbrook Investments LLC bought a new position in BWX Technologies during the 3rd quarter valued at about $383,000. HPM Partners LLC lifted its holdings in BWX Technologies by 104.4% during the 2nd quarter. HPM Partners LLC now owns 26,853 shares of the technology company’s stock valued at $1,673,000 after purchasing an additional 13,715 shares during the last quarter. Verition Fund Management LLC bought a new position in BWX Technologies during the 2nd quarter valued at about $859,000. Finally, Northern Trust Corp lifted its holdings in BWX Technologies by 6.6% during the 2nd quarter. Northern Trust Corp now owns 511,543 shares of the technology company’s stock valued at $31,879,000 after purchasing an additional 31,894 shares during the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

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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