BWX Technologies (NYSE:BWXT) Coverage Initiated by Analysts at BTIG Research

BTIG Research assumed coverage on shares of BWX Technologies (NYSE:BWXT) in a research report released on Wednesday morning, MarketBeat reports. The brokerage issued a buy rating and a $110.00 price target on the technology company’s stock.

Other research analysts also recently issued reports about the company. StockNews.com raised BWX Technologies from a hold rating to a buy rating in a report on Wednesday, May 8th. CLSA started coverage on BWX Technologies in a report on Monday, June 3rd. They set a buy rating on the stock. Truist Financial reaffirmed a hold rating and set a $95.00 price objective (down previously from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. Deutsche Bank Aktiengesellschaft reduced their price objective on BWX Technologies from $110.00 to $107.00 and set a buy rating on the stock in a report on Monday, June 10th. Finally, Bank of America upped their price objective on BWX Technologies from $82.00 to $115.00 and gave the stock a buy rating in a report on Thursday, March 28th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, BWX Technologies currently has a consensus rating of Moderate Buy and a consensus target price of $94.25.

BWX Technologies Stock Up 1.3 %

Shares of BWXT opened at $95.49 on Wednesday. The company has a market capitalization of $8.73 billion, a P/E ratio of 34.47, a PEG ratio of 3.55 and a beta of 0.71. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.24 and a quick ratio of 2.24. BWX Technologies has a one year low of $67.91 and a one year high of $107.18. The business’s 50 day simple moving average is $91.28 and its 200-day simple moving average is $89.51.

BWX Technologies (NYSE:BWXT) last announced its earnings results 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 business had revenue of $603.97 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 EPS. As a group, sell-side analysts predict that BWX Technologies will post 3.19 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Friday, May 17th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Thursday, May 16th. BWX Technologies’s payout ratio is 34.66%.

Institutional Trading of BWX Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the business. Cetera Advisors LLC bought a new stake in shares of BWX Technologies during the 1st quarter valued at $535,000. Cetera Investment Advisers increased its position in shares of BWX Technologies by 214.2% in the 1st quarter. Cetera Investment Advisers now owns 21,169 shares of the technology company’s stock valued at $2,172,000 after buying an additional 14,431 shares in the last quarter. Virtu Financial LLC increased its position in shares of BWX Technologies by 130.8% in the 1st quarter. Virtu Financial LLC now owns 11,914 shares of the technology company’s stock valued at $1,223,000 after buying an additional 6,751 shares in the last quarter. National Wealth Management Group LLC bought a new stake in shares of BWX Technologies in the 1st quarter valued at $382,000. Finally, Coppell Advisory Solutions Corp. bought a new stake in shares of BWX Technologies in the 1st quarter valued at $228,000. Institutional investors own 94.39% of the company’s stock.

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.