BWX Technologies (NYSE:BWXT) Updates FY 2022 Earnings Guidance

BWX Technologies (NYSE:BWXTGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided earnings per share guidance of $3.05-$3.25 for the period, compared to the 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.BWX Technologies also updated its FY22 guidance to $3.05-3.25 EPS.

Shares of BWXT traded up $0.34 during mid-day trading on Tuesday, reaching $48.19. The company’s stock had a trading volume of 9,954 shares, compared to its average volume of 771,831. The firm has a market capitalization of $4.40 billion, a PE ratio of 14.77, a PEG ratio of 2.03 and a beta of 0.90. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.68 and a current ratio of 1.68. BWX Technologies has a 52 week low of $42.58 and a 52 week high of $66.46. The stock’s fifty day moving average price is $53.70.

BWX Technologies (NYSE:BWXTGet Rating) last posted its quarterly earnings results on Monday, May 9th. The technology company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. BWX Technologies had a net margin of 14.40% and a return on equity of 44.83%. The company had revenue of $531.00 million during the quarter, compared to analyst estimates of $514.96 million. During the same period in the prior year, the business posted $0.73 EPS. The firm’s revenue was up .6% compared to the same quarter last year. As a group, sell-side analysts expect that BWX Technologies will post 3.19 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 29th. Investors of record on Wednesday, March 9th were issued a dividend of $0.22 per share. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Wednesday, March 9th. BWX Technologies’s dividend payout ratio is currently 27.16%.

A number of equities research analysts recently commented on the stock. Bank of America upped their price target on shares of BWX Technologies from $55.00 to $65.00 and gave the company a buy rating in a report on Wednesday, March 16th. assumed coverage on shares of BWX Technologies in a report on Thursday, March 31st. They set a hold rating for the company. Zacks Investment Research raised shares of BWX Technologies from a hold rating to a buy rating and set a $58.00 target price for the company in a research report on Tuesday, March 15th. Finally, TheStreet upgraded shares of BWX Technologies from a c+ rating to a b- rating in a research report on Thursday, March 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Hold and an average price target of $63.17.

In other BWX Technologies news, Director John A. Fees sold 20,593 shares of the business’s stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $54.08, for a total transaction of $1,113,669.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Richard W. Loving sold 900 shares of the company’s stock in a transaction on Monday, February 28th. The stock was sold at an average price of $50.00, for a total value of $45,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,093 shares of company stock valued at $1,299,788. 0.47% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of BWX Technologies by 4.4% in the 4th quarter. BlackRock Inc. now owns 4,890,010 shares of the technology company’s stock worth $234,135,000 after purchasing an additional 207,368 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in BWX Technologies by 109.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 278,118 shares of the technology company’s stock worth $13,317,000 after buying an additional 145,121 shares during the period. Nuveen Asset Management LLC increased its stake in BWX Technologies by 8.6% in the 4th quarter. Nuveen Asset Management LLC now owns 205,649 shares of the technology company’s stock worth $9,847,000 after acquiring an additional 16,310 shares during the last quarter. Morgan Stanley increased its stake in BWX Technologies by 57.5% in the 2nd quarter. Morgan Stanley now owns 174,897 shares of the technology company’s stock worth $10,166,000 after acquiring an additional 63,845 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of BWX Technologies by 0.7% during the 4th quarter. Sei Investments Co. now owns 103,440 shares of the technology company’s stock valued at $4,873,000 after purchasing an additional 705 shares during the last quarter. Hedge funds and other institutional investors own 97.26% of the company’s stock.

BWX Technologies Company Profile (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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Earnings History and Estimates for BWX Technologies (NYSE:BWXT)

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