BWX Technologies (NYSE: BWXT – Get Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share guidance of $ 3.05- $ 3.25 for the period, compared to consensus earnings per share estimate of $ 3.14. The company issued revenue guidance of $ 2.19 billion- $ 2.21 billion, compared to the consensus revenue estimate of $ 2.20 billion.
NYSE: BWXT opened at $ 51.75 on Monday. BWX Technologies has a 12 month low of $ 42.58 and a 12 month high of $ 64.91. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 1.97. The firm’s 50 day moving average is $ 52.61 and its 200 day moving average is $ 49.97. The stock has a market capitalization of $ 4.72 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 2.10 and a beta of 0.90.
BWX Technologies (NYSE: BWXT – Get Rating) last issued its earnings results on Monday, May 9th. The technology company reported $ 0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 0.67 by $ 0.02. BWX Technologies had a return on equity of 43.72% and a net margin of 13.88%. The firm had revenue of $ 531.00 million for the quarter, compared to analyst estimates of $ 514.96 million. During the same period in the previous year, the company posted $ 0.73 earnings per share. The business’s revenue was up .6% on a year-over-year basis. Research analysts predict that BWX Technologies will post 3.17 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 8th. Shareholders of record on Friday, May 20th will be issued a dividend of $ 0.22 per share. The ex-dividend date of this dividend is Thursday, May 19th. This represents a $ 0.88 dividend on an annualized basis and a yield of 1.70%. BWX Technologies’s payout ratio is 27.94%.
BWXT has been the subject of a number of analyst reports. TheStreet raised BWX Technologies from a c + rating to a b- rating in a report on Thursday, March 17th. Zacks Investment Research lowered BWX Technologies from a buy rating to a hold rating in a report on Wednesday, May 11th. Bank of America upped their price target on BWX Technologies from $ 55.00 to $ 65.00 and gave the company a buy rating in a research report on Wednesday, March 16th. Finally, StockNews.com initiated coverage on shares of BWX Technologies in a research report on Thursday, March 31st. They issued a hold rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $ 63.17.
In related news, CAO Jason S. Kerr sold 2,000 shares of the company’s stock in a transaction on Monday, March 7th. The shares were sold at an average price of $ 54.76, for a total value of $ 109,520.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John A. Fees sold 20,593 shares of the stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $ 54.08, for a total value of $ 1,113,669.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,193 shares of company stock valued at $ 1,254,788. Corporate insiders own 0.47% of the company’s stock.
Several institutional investors have recently made changes to their positions in BWXT. Neuberger Berman Group LLC lifted its position in BWX Technologies by 17.7% in the first quarter. Neuberger Berman Group LLC now owns 12,401 shares of the company’s technology stock valued at $ 668,000 after purchasing an additional 1,868 shares during the last quarter. Capital Research Global Investors raised its holdings in BWX Technologies by 8.7% during the 1st quarter. Capital Research Global Investors now owns 2,632,834 shares of the company’s technology stock valued at $ 141,804,000 after buying an additional 211,329 shares during the last quarter. Advisors Asset Management Inc. boosted its position in BWX Technologies by 22.1% during the 1st quarter. Advisors Asset Management Inc. now owns 15,009 shares of the company’s technology stock valued at $ 808,000 after buying an additional 2,715 shares during the period. Point72 Hong Kong Ltd grew its holdings in BWX Technologies by 37.8% in the 1st quarter. Point72 Hong Kong Ltd now owns 10,707 shares of the company’s technology stock worth $ 577,000 after acquiring an additional 2,938 shares during the last quarter. Finally, Quantamental Technologies LLC purchased a new position in shares of BWX Technologies in the first quarter valued at about $ 290,000. 97.26% of the stock is owned by institutional investors.
About BWX Technologies (Get Rating)
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.
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