Brokers Issue Forecasts for BWX Technologies Inc’s FY2018 Earnings (BWXT)
BWX Technologies Inc (NYSE:BWXT) – Stock analysts at SunTrust Banks reduced their FY2018 EPS estimates for BWX Technologies in a research report issued on Wednesday, November 7th. SunTrust Banks analyst M. Ciarmoli now forecasts that the technology company will post earnings per share of $2.47 for the year, down from their previous forecast of $2.55. SunTrust Banks currently has a “Hold” rating and a $48.00 target price on the stock. SunTrust Banks also issued estimates for BWX Technologies’ FY2019 earnings at $2.45 EPS.
BWX Technologies (NYSE:BWXT) last announced its earnings results on Tuesday, November 6th. The technology company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.22). BWX Technologies had a return on equity of 66.38% and a net margin of 10.81%. The business had revenue of $425.50 million for the quarter, compared to analysts’ expectations of $461.26 million. During the same quarter last year, the firm earned $0.46 earnings per share. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year.
Shares of BWXT stock opened at $42.34 on Monday. BWX Technologies has a 1-year low of $41.98 and a 1-year high of $72.18. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.93. The firm has a market cap of $4.67 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 1.85 and a beta of 0.58.
Several hedge funds have recently modified their holdings of the company. Columbia Partners L.L.C. Investment Management acquired a new position in shares of BWX Technologies in the 3rd quarter valued at about $799,000. Tower Research Capital LLC TRC acquired a new position in shares of BWX Technologies in the 3rd quarter valued at about $121,000. Allianz Asset Management GmbH lifted its holdings in shares of BWX Technologies by 2.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 126,456 shares of the technology company’s stock valued at $7,909,000 after buying an additional 3,460 shares during the period. Raymond James Trust N.A. acquired a new position in shares of BWX Technologies in the 3rd quarter valued at about $204,000. Finally, William Blair Investment Management LLC lifted 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 buying an additional 911,880 shares during the period. 93.87% of the stock is owned by institutional investors and hedge funds.
In other news, VP Jason S. Kerr sold 1,365 shares of the business’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $64.06, for a total value of $87,441.90. Following the completion of the transaction, the vice president now owns 9,132 shares of the company’s stock, valued at approximately $584,995.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David S. Black sold 1,000 shares of the business’s stock in a transaction dated Thursday, October 11th. The shares were sold at an average price of $57.65, for a total value of $57,650.00. Following the completion of the transaction, the chief financial officer now directly owns 68,570 shares of the company’s stock, valued at approximately $3,953,060.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,365 shares of company stock worth $252,952. Company insiders own 0.52% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Tuesday, November 20th will be paid a dividend of $0.16 per share. The ex-dividend date is Monday, November 19th. This represents a $0.64 annualized dividend and a yield of 1.51%. BWX Technologies’s payout ratio is presently 31.22%.
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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