BWX Technologies, Inc. (NYSE:BWXT) Receives $122.43 Average PT from Analysts

Shares of BWX Technologies, Inc. (NYSE:BWXT) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $122.43.

Several analysts have issued reports on BWXT shares. Bank of America upped their price objective on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Truist Financial upped their price objective on BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target on the stock in a research report on Tuesday, November 12th. StockNews.com cut BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th.

Institutional Investors Weigh In On BWX Technologies

A number of large investors have recently bought and sold shares of BWXT. Stone House Investment Management LLC raised its stake in shares of BWX Technologies by 76.2% in the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock worth $25,000 after acquiring an additional 99 shares during the last quarter. Quent Capital LLC grew its stake in BWX Technologies by 147.6% in the third quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock valued at $28,000 after acquiring an additional 152 shares during the period. UMB Bank n.a. boosted its position in shares of BWX Technologies by 729.0% during the third quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock worth $28,000 after buying an additional 226 shares during the period. Quarry LP boosted its position in shares of BWX Technologies by 93.6% during the third quarter. Quarry LP now owns 271 shares of the technology company’s stock worth $29,000 after buying an additional 131 shares during the period. Finally, V Square Quantitative Management LLC acquired a new position in shares of BWX Technologies during the third quarter worth about $31,000. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Trading Down 1.4 %

Shares of BWXT opened at $130.55 on Thursday. The company has a market capitalization of $11.94 billion, a P/E ratio of 43.23, a P/E/G ratio of 4.37 and a beta of 0.69. BWX Technologies has a one year low of $74.69 and a one year high of $136.31. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The stock has a 50-day moving average price of $119.86 and a 200 day moving average price of $104.02.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.06. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm had revenue of $672.00 million for the quarter, compared to analysts’ expectations of $658.84 million. During the same quarter in the prior year, the firm posted $0.67 earnings per share. BWX Technologies’s revenue for the quarter was up 13.9% compared to the same quarter last year. Sell-side analysts forecast that BWX Technologies will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Tuesday, November 19th. BWX Technologies’s payout ratio is 31.79%.

BWX Technologies Company Profile

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.