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

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

BWXT opened at $48.75 on Monday. BWX Technologies has a 1-year low of $42.58 and a 1-year high of $65.08. The stock has a market cap of $4.45 billion, a P/E ratio of 15.48, a P/E/G ratio of 1.98 and a beta of 0.90. The stock’s 50 day simple moving average is $53.21 and its 200 day simple moving average is $50.27. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.94 and a quick ratio of 1.68.

BWX Technologies (NYSE:BWXTGet Rating) last released its quarterly earnings results on Monday, May 9th. The technology company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.67 by $0.02. The business had revenue of $531.00 million for the quarter, compared to analyst estimates of $514.96 million. BWX Technologies had a net margin of 13.88% and a return on equity of 43.72%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business earned $0.73 earnings per share. Research analysts expect that BWX Technologies will post 3.17 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 8th. Stockholders of record on Friday, May 20th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, May 19th. This represents a $0.88 annualized dividend and a dividend yield of 1.81%. BWX Technologies’s payout ratio is currently 27.94%.

BWXT has been the subject of several research analyst reports. Zacks Investment Research lowered shares of BWX Technologies from a buy rating to a hold rating in a research report on Wednesday, May 11th. Bank of America upped their price objective on BWX Technologies from $55.00 to $65.00 and gave the stock a buy rating in a report on Wednesday, March 16th. StockNews.com began coverage on BWX Technologies in a research report on Thursday, March 31st. They issued a hold rating on the stock. Finally, TheStreet raised BWX Technologies from a c+ rating to a b- rating in a research report on Thursday, March 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $63.17.

In other BWX Technologies news, CAO Jason S. Kerr sold 2,000 shares of the stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Richard W. Loving sold 900 shares of the business’s stock in a transaction on Monday, February 28th. The stock was sold at an average price of $50.00, for a total transaction of $45,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 24,093 shares of company stock worth $1,299,788. Insiders own 0.47% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in BWX Technologies by 4.4% during the 4th quarter. BlackRock Inc. now owns 4,890,010 shares of the technology company’s stock valued at $234,135,000 after purchasing an additional 207,368 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of BWX Technologies by 6.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 970,019 shares of the technology company’s stock worth $52,246,000 after buying an additional 55,596 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of BWX Technologies by 4.4% in the first quarter. Dimensional Fund Advisors LP now owns 896,750 shares of the technology company’s stock worth $48,304,000 after buying an additional 37,558 shares during the last quarter. Renaissance Technologies LLC raised its holdings in BWX Technologies by 110.2% in the first quarter. Renaissance Technologies LLC now owns 513,200 shares of the technology company’s stock valued at $27,641,000 after acquiring an additional 269,100 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in BWX Technologies by 109.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 278,118 shares of the technology company’s stock valued at $13,317,000 after acquiring an additional 145,121 shares during the last quarter. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

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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