BWX Technologies, Inc. (NYSE:BWXT) Receives Average Rating of “Moderate Buy” from Analysts

BWX Technologies, Inc. (NYSE:BWXT) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $92.00.

BWXT has been the topic of several research analyst reports. StockNews.com raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Bank of America lifted their price target on shares of BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. CLSA started coverage on shares of BWX Technologies in a research report on Monday, June 3rd. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of BWX Technologies from $110.00 to $107.00 and set a “buy” rating on the stock in a research report on Monday, June 10th. Finally, Truist Financial reaffirmed a “hold” rating and set a $95.00 price target (down from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th.

BWX Technologies Stock Performance

Shares of BWXT opened at $93.01 on Monday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.29. The company has a 50-day simple moving average of $91.22 and a 200-day simple moving average of $89.26. BWX Technologies has a 52-week low of $67.15 and a 52-week high of $107.18. The company has a market capitalization of $8.50 billion, a PE ratio of 33.58, a P/E/G ratio of 3.48 and a beta of 0.71.

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

BWX Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Friday, May 17th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.03%. BWX Technologies’s payout ratio is currently 34.66%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BWXT. Benjamin F. Edwards & Company Inc. bought a new stake in shares of BWX Technologies in the fourth quarter worth $25,000. Quent Capital LLC raised its holdings in BWX Technologies by 147.6% in the first quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock valued at $26,000 after acquiring an additional 152 shares in the last quarter. GAMMA Investing LLC raised its holdings in BWX Technologies by 77.6% in the first quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock valued at $28,000 after acquiring an additional 118 shares in the last quarter. Toth Financial Advisory Corp raised its holdings in BWX Technologies by 1,500.0% in the first quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock valued at $33,000 after acquiring an additional 300 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its holdings in BWX Technologies by 322.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 553 shares of the technology company’s stock valued at $42,000 after acquiring an additional 422 shares in the last quarter. 94.39% of the stock is 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.