BWX Technologies, Inc. (NYSE:BWXT) Receives $96.33 Consensus Price Target from Analysts

BWX Technologies, Inc. (NYSE:BWXT) has been assigned a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $98.00.

BWXT has been the subject of several recent analyst reports. Bank of America upped their target price on shares of BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Janney Montgomery Scott initiated coverage on shares of BWX Technologies in a report on Thursday, June 27th. They issued a “buy” rating and a $113.00 target price for the company. Deutsche Bank Aktiengesellschaft dropped their target price on shares of BWX Technologies from $110.00 to $107.00 and set a “buy” rating for the company in a report on Monday, June 10th. StockNews.com downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. Finally, Barclays downgraded shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and increased their price objective for the company from $75.00 to $90.00 in a report on Wednesday.

BWX Technologies Trading Down 1.3 %

NYSE:BWXT opened at $98.74 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.24 and a quick ratio of 2.24. The firm has a market capitalization of $9.03 billion, a price-to-earnings ratio of 35.65, a price-to-earnings-growth ratio of 3.91 and a beta of 0.69. BWX Technologies has a one year low of $67.91 and a one year high of $107.18. The business has a fifty day moving average price of $93.45 and a 200-day moving average price of $92.48.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, May 6th. The technology company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.67 by $0.09. The firm had revenue of $603.97 million during the quarter, compared to analyst estimates of $599.92 million. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. BWX Technologies’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 EPS. Sell-side analysts forecast that BWX Technologies will post 3.19 EPS for the current year.

BWX Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Friday, May 17th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Thursday, May 16th. BWX Technologies’s payout ratio is 34.66%.

Institutional Trading of BWX Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in BWX Technologies by 77.6% in the 1st quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock worth $28,000 after purchasing an additional 118 shares during the period. Blue Trust Inc. raised its position in BWX Technologies by 37.2% in the 2nd quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock worth $46,000 after purchasing an additional 121 shares during the period. Stephens Inc. AR raised its position in BWX Technologies by 0.9% in the 4th quarter. Stephens Inc. AR now owns 16,286 shares of the technology company’s stock worth $1,250,000 after purchasing an additional 151 shares during the period. Quent Capital LLC raised its position in BWX Technologies by 146.6% in the 1st quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock worth $26,000 after purchasing an additional 151 shares during the period. Finally, CWM LLC raised its position in BWX Technologies by 14.1% in the 2nd quarter. CWM LLC now owns 1,353 shares of the technology company’s stock worth $129,000 after purchasing an additional 167 shares during the period. 94.39% of the stock is owned by hedge funds and other institutional investors.

About BWX Technologies

BWX Technologies, Inc, together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments, Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.