BWX Technologies (NYSE:BWXT) Reaches New 1-Year High – Should You Buy?

BWX Technologies, Inc. (NYSE:BWXT) reached a new 52-week high on Wednesday . The stock traded as high as $118.74 and last traded at $118.68, with a volume of 107981 shares trading hands. The stock had previously closed at $116.82.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BWXT shares. Deutsche Bank Aktiengesellschaft increased their target price on BWX Technologies from $113.00 to $129.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Barclays downgraded BWX Technologies from an “equal weight” rating to an “underweight” rating and upped their price target for the stock from $75.00 to $90.00 in a research note on Wednesday, July 24th. BTIG Research started coverage on shares of BWX Technologies in a research report on Wednesday, June 26th. They set a “buy” rating and a $110.00 price objective for the company. StockNews.com upgraded BWX Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Finally, Janney Montgomery Scott began coverage on shares of BWX Technologies in a research report on Thursday, June 27th. They issued a “buy” rating and a $113.00 price objective for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, BWX Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $104.86.

BWX Technologies Stock Performance

The company’s fifty day simple moving average is $101.55 and its two-hundred day simple moving average is $97.05. The stock has a market cap of $10.83 billion, a price-to-earnings ratio of 42.17, a P/E/G ratio of 3.84 and a beta of 0.71. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.23 and a quick ratio of 2.23.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, August 5th. The technology company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.76 by $0.06. The firm had revenue of $681.50 million during the quarter, compared to the consensus estimate of $639.31 million. BWX Technologies had a net margin of 10.29% and a return on equity of 31.93%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the firm earned $0.65 EPS. On average, analysts forecast that BWX Technologies, Inc. will post 3.2 earnings per share for the current year.

BWX Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 16th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, August 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.81%. BWX Technologies’s payout ratio is 34.66%.

Hedge Funds Weigh In On BWX Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of BWXT. UMB Bank n.a. raised its position 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 purchasing an additional 226 shares in the last quarter. CWM LLC raised its position in shares of BWX Technologies by 92.5% in the third quarter. CWM LLC now owns 2,605 shares of the technology company’s stock worth $283,000 after acquiring an additional 1,252 shares during the period. Daymark Wealth Partners LLC acquired a new stake in shares of BWX Technologies in the third quarter valued at about $341,000. GAMMA Investing LLC raised its position in shares of BWX Technologies by 122.8% in the third quarter. GAMMA Investing LLC now owns 956 shares of the technology company’s stock valued at $104,000 after buying an additional 527 shares during the last quarter. Finally, Quent Capital LLC grew its holdings in shares of 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 purchasing an additional 152 shares during the period. Institutional investors own 94.39% of the company’s stock.

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.