Short Interest in BWX Technologies, Inc. (NYSE:BWXT) Grows By 16.1%

BWX Technologies, Inc. (NYSE:BWXT) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 1,090,000 shares, an increase of 16.1% from the October 15th total of 938,900 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily volume of 730,700 shares, the short-interest ratio is presently 1.5 days.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on BWXT shares. Deutsche Bank Aktiengesellschaft boosted their target price on BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Truist Financial increased their target price on BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Barclays cut shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and boosted their price target for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective for the company in a research report on Tuesday. Finally, StockNews.com downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, BWX Technologies has a consensus rating of “Moderate Buy” and an average target price of $122.43.

Institutional Trading of BWX Technologies

Large investors have recently made changes to their positions in the stock. CIBC Asset Management Inc lifted its holdings in BWX Technologies by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 2,667 shares of the technology company’s stock valued at $290,000 after buying an additional 87 shares in the last quarter. Stone House Investment Management LLC boosted its holdings 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 valued at $25,000 after purchasing an additional 99 shares during the period. Blue Trust Inc. grew its stake in BWX Technologies by 37.2% in the second quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock worth $46,000 after purchasing an additional 121 shares in the last quarter. Quarry LP increased its holdings in BWX Technologies by 93.6% during the 3rd quarter. Quarry LP now owns 271 shares of the technology company’s stock worth $29,000 after purchasing an additional 131 shares during the period. Finally, Hancock Whitney Corp raised its position in BWX Technologies by 5.8% during the 3rd quarter. Hancock Whitney Corp now owns 2,434 shares of the technology company’s stock valued at $265,000 after purchasing an additional 133 shares in the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

BWX Technologies Trading Down 1.5 %

Shares of BWXT traded down $1.98 during midday trading on Friday, hitting $126.25. The stock had a trading volume of 968,567 shares, compared to its average volume of 641,837. BWX Technologies has a 1 year low of $74.69 and a 1 year high of $136.31. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The stock’s 50 day moving average is $115.18 and its 200 day moving average is $102.03. The firm has a market cap of $11.54 billion, a PE ratio of 41.81, a price-to-earnings-growth ratio of 4.82 and a beta of 0.69.

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, topping the consensus estimate of $0.77 by $0.06. The business had revenue of $672.00 million during the quarter, compared to the consensus estimate of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.67 earnings per share. As a group, analysts forecast that BWX Technologies will post 3.21 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.76%. The ex-dividend date is Tuesday, November 19th. BWX Technologies’s dividend payout ratio (DPR) is presently 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.