BWX Technologies (NYSE:BWXT) Price Target Raised to $114.00 at Truist Financial

BWX Technologies (NYSE:BWXT) had its price objective increased by Truist Financial from $106.00 to $114.00 in a research note published on Tuesday morning,Benzinga reports. Truist Financial currently has a hold rating on the technology company’s stock.

Other analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft lifted their price target on BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Bank of America upped their price target on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target on the stock in a research note on Tuesday, November 12th. Maxim Group boosted their price objective on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Barclays increased their target price on shares of BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, BWX Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $127.50.

BWX Technologies Stock Up 2.1 %

Shares of NYSE:BWXT opened at $116.96 on Tuesday. BWX Technologies has a fifty-two week low of $78.47 and a fifty-two week high of $136.31. The firm’s 50 day moving average price is $121.44 and its 200 day moving average price is $110.83. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. The stock has a market cap of $10.70 billion, a price-to-earnings ratio of 38.73, a price-to-earnings-growth ratio of 4.12 and a beta of 0.73.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. The business had revenue of $672.00 million for the quarter, compared to analyst estimates of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company’s revenue was up 13.9% on a year-over-year basis. During the same period last year, the business earned $0.67 EPS. As a group, equities research analysts predict that BWX Technologies will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Tuesday, November 19th. BWX Technologies’s payout ratio is currently 31.79%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Stone House Investment Management LLC boosted its stake in shares of BWX Technologies by 76.2% during the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock worth $25,000 after buying an additional 99 shares during the period. Quent Capital LLC raised its stake in BWX Technologies by 147.6% during the 3rd 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 last quarter. UMB Bank n.a. raised its stake in BWX Technologies by 729.0% during the 3rd quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock valued at $28,000 after acquiring an additional 226 shares during the last quarter. Quarry LP grew its stake in shares of BWX Technologies by 93.6% in the 3rd quarter. Quarry LP now owns 271 shares of the technology company’s stock valued at $29,000 after purchasing an additional 131 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in shares of BWX Technologies in the third quarter valued at approximately $31,000. 94.39% of the stock is currently owned by institutional investors and hedge funds.

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.