StockNews.com upgraded shares of BWX Technologies (NYSE:BWXT – Get Rating) from a hold rating to a buy rating in a research report sent to investors on Saturday.
BWX Technologies Stock Performance
BWXT opened at $50.62 on Friday. BWX Technologies has a 1-year low of $42.58 and a 1-year high of $62.53. The business has a 50 day moving average price of $53.98 and a two-hundred day moving average price of $53.19. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 2.48 and a beta of 0.79. The company has a debt-to-equity ratio of 1.96, a current ratio of 2.08 and a quick ratio of 2.08.
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BWX Technologies (NYSE:BWXT – Get Rating) last announced its quarterly earnings data on Monday, August 8th. The technology company reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.09. BWX Technologies had a return on equity of 46.29% and a net margin of 14.27%. The company had revenue of $554.00 million during the quarter, compared to the consensus estimate of $544.13 million. During the same quarter in the prior year, the firm earned $0.62 EPS. The company's quarterly revenue was up 9.7% compared to the same quarter last year. Research analysts predict that BWX Technologies will post 3.21 EPS for the current fiscal year.
BWX Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 8th. Stockholders of record on Friday, August 19th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.74%. BWX Technologies's dividend payout ratio (DPR) is presently 26.27%.
Institutional Trading of BWX Technologies
Several large investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its stake in BWX Technologies by 25.3% during the 2nd quarter. Federated Hermes Inc. now owns 40,850 shares of the technology company's stock valued at $2,250,000 after purchasing an additional 8,243 shares during the period. Verition Fund Management LLC raised its stake in BWX Technologies by 82.0% during the 2nd quarter. Verition Fund Management LLC now owns 160,515 shares of the technology company's stock valued at $8,843,000 after purchasing an additional 72,321 shares during the period. Captrust Financial Advisors raised its stake in BWX Technologies by 442.1% during the 2nd quarter. Captrust Financial Advisors now owns 33,339 shares of the technology company's stock valued at $1,837,000 after purchasing an additional 27,189 shares during the period. Goldman Sachs Group Inc. raised its stake in BWX Technologies by 4.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 169,040 shares of the technology company's stock valued at $9,312,000 after purchasing an additional 7,598 shares during the period. Finally, Advisory Research Inc. acquired a new stake in BWX Technologies during the 2nd quarter valued at $267,000. 99.97% of the stock is owned by institutional investors and hedge funds.
About BWX Technologies
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BWX Technologies, Inc manufactures and sells nuclear components in the United States, Canada, and internationally. It operates in three segments: Nuclear Operations Group, Nuclear Power Group, and Nuclear Services Group. The Nuclear Operations Group segment provides precision naval and critical nuclear components, reactors, nuclear fuel, and assemblies for the United States Department of Energy/National Nuclear Security Administration's Naval Nuclear Propulsion Program and other uses; missile launch tubes for United States Navy submarines; close-tolerance and equipment for nuclear applications; and converts Cold War-era government stockpiles of high-enriched uranium, as well as receives, stores, characterizes, dissolves, recovers, and purifies uranium-bearing materials; supplies research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications.
Further Reading
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