BWX Technologies Inc (NYSE:BWXT) – Investment analysts at Seaport Global Securities reduced their FY2018 earnings per share (EPS) estimates for shares of BWX Technologies in a note issued to investors on Monday, November 12th. Seaport Global Securities analyst J. Sullivan now expects that the technology company will post earnings of $2.26 per share for the year, down from their previous forecast of $2.53. Seaport Global Securities also issued estimates for BWX Technologies’ Q4 2018 earnings at $0.61 EPS, Q1 2019 earnings at $0.62 EPS, Q2 2019 earnings at $0.65 EPS and Q3 2019 earnings at $0.60 EPS.

Other analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of BWX Technologies from a “hold” rating to a “strong sell” rating in a research note on Thursday. Drexel Hamilton set a $55.00 price objective on shares of BWX Technologies and gave the stock a “buy” rating in a research note on Thursday. SunTrust Banks decreased their price objective on shares of BWX Technologies from $83.00 to $79.00 and set a “buy” rating on the stock in a research note on Tuesday, August 21st. TheStreet cut shares of BWX Technologies from a “b” rating to a “c+” rating in a research note on Tuesday. Finally, Bank of America decreased their price target on shares of BWX Technologies from $70.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, November 8th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $59.56.

Shares of BWX Technologies stock opened at $43.45 on Wednesday. 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 stock has a market cap of $4.37 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 1.73 and a beta of 0.58. BWX Technologies has a 1-year low of $41.98 and a 1-year high of $72.18.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data 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). The firm had revenue of $425.50 million for the quarter, compared to the consensus estimate of $461.26 million. BWX Technologies had a return on equity of 66.38% and a net margin of 10.81%. BWX Technologies’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.46 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders 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 dividend yield of 1.47%. BWX Technologies’s dividend payout ratio (DPR) is currently 31.22%.

In other BWX Technologies news, VP Jason S. Kerr sold 1,365 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $64.06, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $61.57, for a total transaction of $61,570.00. Following the completion of the transaction, the chief financial officer now directly owns 69,570 shares in the company, valued at $4,283,424.90. The disclosure for this sale can be found here. Insiders have sold 4,365 shares of company stock worth $252,952 over the last three months. 0.52% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. William Blair Investment Management LLC raised its holdings in shares of BWX Technologies by 15.9% during the third quarter. William Blair Investment Management LLC now owns 6,647,175 shares of the technology company’s stock worth $415,715,000 after acquiring an additional 911,880 shares during the period. BlackRock Inc. raised its holdings in shares of BWX Technologies by 2.9% during the third quarter. BlackRock Inc. now owns 6,131,318 shares of the technology company’s stock worth $383,454,000 after acquiring an additional 171,620 shares during the period. Brown Advisory Inc. raised its holdings in shares of BWX Technologies by 12.5% during the third quarter. Brown Advisory Inc. now owns 5,076,657 shares of the technology company’s stock worth $317,494,000 after acquiring an additional 563,539 shares during the period. Wells Fargo & Company MN raised its holdings in shares of BWX Technologies by 2.5% during the second quarter. Wells Fargo & Company MN now owns 2,899,523 shares of the technology company’s stock worth $180,698,000 after acquiring an additional 69,903 shares during the period. Finally, Franklin Resources Inc. raised its holdings in shares of BWX Technologies by 5.3% during the third quarter. Franklin Resources Inc. now owns 1,915,458 shares of the technology company’s stock worth $119,793,000 after acquiring an additional 96,700 shares during the period. 93.87% of the stock is currently 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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Earnings History and Estimates for BWX Technologies (NYSE:BWXT)

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