It is trading at $60.12 which is marginally over $56.67, the 50 day moving average and which is significantly higher than the 200 day moving average of $51.80. The 50 day moving average was up $3.45 or +6.09% whereas the 200 day moving average was up $8.32 or +16.07%. (NYSE:BWXT) shares saw light trading volume with 266K shares changing hands in the last trading session. Trading volume was down 47.39% under the stocks average daily volume.
Investors are a little more bullish lately if you put credence in the change in short interest. The firm experienced a fall in short interest from September 15, 2017 to September 29, 2017 of -11.86%. Short interest fell 149,992 over that timeframe. Days to cover decreased 0.0 to 2.0 and the percentage of shorted shares is 0.01% as of September 29.
The following firms have recently changed their position in BWXT. As of quarter end Creative Planning had sold a total of 474 shares trimming its stake by 11.7%. The value of the investment in BWXT went from $197,000 to $200,000 a change of 1.5% since the last quarter. Bank Of Montreal /can/ trimmed its ownership by selling 164 shares a decrease of 21.9%. Bank Of Montreal /can/ currently owns 586 shares worth $33,000. The value of the position overall is down by 10.8%.
As of the end of the quarter Meeder Asset Management Inc had acquired 177 shares growing its position 13.4%. The value of the total investment in BWX Technologies, Inc. increased from $64,000 to $84,000 a change of $20,000 quarter to quarter. Robeco Institutional Asset Management B.v. reduced its holdings by shedding 12,563 shares a decrease of 25.7% in the quarter. Robeco Institutional Asset Management B.v. claims 36,392 shares valued at $2,039,000. The total value of its holdings decreased 14.5%.
October 5 investment analysts at Bank of America left the company rating at “Buy” but raised the price target to $65.00 from $55.00.
The company is so far trading up since yesterday’s close of 59.86. The company recently announced a dividend paid on Friday September 8th, 2017. The dividend payment was $0.110 per share for the quarter which is $0.44 annualized. This dividend represents a yield of $0.74. The ex-dividend date was Thursday the 17th of August 2017.
The company currently has a P/E ratio of 31.78 and the market cap of the company is 5.97B. As of the last earnings report the EPS was $1.89 and is expected to be $2.03 for the current year with 99,322,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.46 with next year’s EPS anticipated to be $2.23.
BWX Technologies, Inc., launched on March 8, 2010, is a specialty manufacturer of nuclear components and a service provider. The Business’s businesses focus on the design, engineering and manufacture of precision naval nuclear components, reactors and nuclear fuel for the United States Government. Its segments include Nuclear Operations, Technical Services, Nuclear Energy and Other. It provides uranium processing and environmental site restoration services, as well as a range of products and services to customers in the nuclear power industry. Its Nuclear Operations segment engineers, designs and manufactures precision naval nuclear components and reactors for the United States Department of Energy (DOE)/National Nuclear Security Administration’s (NNSA) Naval Nuclear Propulsion Program. The Technical Services segment provides various services to the United States Government. Its Nuclear Energy segment designs, licenses, manufactures and delivers commercial nuclear steam generators, pressure vessels, reactor components, heat exchangers and other auxiliary equipment. The Business’s Other segment includes the mPower program..