BWX Technologies, Inc. (NYSE:BWXT) – Analysts at Truist Securiti decreased their Q1 2021 earnings per share estimates for BWX Technologies in a report issued on Thursday, April 15th. Truist Securiti analyst M. Ciarmoli now forecasts that the technology company will earn $0.74 per share for the quarter, down from their previous forecast of $0.77. Truist Securiti also issued estimates for BWX Technologies’ Q4 2021 earnings at $0.88 EPS.
BWX Technologies (NYSE:BWXT) last issued its earnings results on Sunday, February 21st. The technology company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03. BWX Technologies had a net margin of 13.27% and a return on equity of 61.50%. The business had revenue of $557.00 million during the quarter, compared to analysts’ expectations of $496.13 million. During the same quarter in the prior year, the business posted $0.71 EPS. The company’s revenue for the quarter was up 11.2% on a year-over-year basis.
Shares of BWX Technologies stock opened at $68.02 on Friday. The company has a fifty day simple moving average of $63.86 and a 200-day simple moving average of $59.37. BWX Technologies has a 12-month low of $49.60 and a 12-month high of $68.67. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.64. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 2.13 and a beta of 0.96.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 26th. Investors of record on Wednesday, March 10th were paid a dividend of $0.21 per share. The ex-dividend date was Tuesday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 1.23%. This is a boost from BWX Technologies’s previous quarterly dividend of $0.19. BWX Technologies’s dividend payout ratio is currently 32.06%.
In other news, CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction on Thursday, April 8th. The shares were sold at an average price of $67.34, for a total value of $67,340.00. Following the completion of the sale, the chief financial officer now owns 72,967 shares in the company, valued at approximately $4,913,597.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 3,300 shares of company stock valued at $201,903 in the last 90 days. Company insiders own 0.46% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in BWXT. SOA Wealth Advisors LLC. acquired a new stake in shares of BWX Technologies in the 4th quarter worth $34,000. Fieldpoint Private Securities LLC acquired a new stake in shares of BWX Technologies in the 4th quarter worth $38,000. International Assets Investment Management LLC acquired a new stake in shares of BWX Technologies in the 4th quarter worth $42,000. Advisors Asset Management Inc. lifted its stake in shares of BWX Technologies by 158.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,050 shares of the technology company’s stock worth $115,000 after acquiring an additional 1,257 shares during the period. Finally, CIBC Asset Management Inc acquired a new stake in shares of BWX Technologies in the 4th quarter worth $213,000. Institutional investors own 96.05% of the company’s stock.
About BWX Technologies
BWX Technologies, Inc manufactures and sells nuclear components in the United States, Canada, and internationally. Its Nuclear Operations Group segment offers nuclear components, reactors, assemblies, and fuel for the United States Department of Energy/National Nuclear Security Administration's Naval Nuclear Propulsion Program and other uses; close-tolerance equipment for nuclear applications; research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications.
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