BWX Technologies (NYSE:BWXT) Price Target Raised to $160.00 at Bank of America

BWX Technologies (NYSE:BWXT) had its price target increased by Bank of America from $115.00 to $160.00 in a research report report published on Thursday,Benzinga reports. Bank of America currently has a buy rating on the technology company’s stock.

BWXT has been the subject of several other reports. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Barclays lowered shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and lifted their price target for the company from $75.00 to $90.00 in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Truist Financial upped their price target on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Finally, Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective on the stock in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $122.43.

BWX Technologies Stock Performance

Shares of NYSE BWXT opened at $126.25 on Thursday. 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 firm has a market cap of $11.54 billion, a price-to-earnings ratio of 41.80, a P/E/G ratio of 4.61 and a beta of 0.69. The stock’s fifty day moving average price is $115.18 and its two-hundred day moving average price is $102.12. BWX Technologies has a one year low of $74.69 and a one year high of $136.31.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.77 by $0.06. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The business had revenue of $672.00 million for the quarter, compared to the consensus estimate of $658.84 million. During the same period in the prior year, the company posted $0.67 earnings per share. BWX Technologies’s revenue was up 13.9% compared to the same quarter last year. On average, equities analysts forecast that BWX Technologies will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.96 annualized dividend and a dividend yield of 0.76%. BWX Technologies’s dividend payout ratio is currently 31.79%.

Institutional Investors Weigh In On BWX Technologies

Several large investors have recently made changes to their positions in BWXT. Stone House Investment Management LLC boosted its position in 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 purchasing an additional 99 shares during the period. Quent Capital LLC increased 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 worth $28,000 after purchasing an additional 152 shares during the period. UMB Bank n.a. raised its holdings in shares of BWX Technologies by 729.0% in 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 in the last quarter. Quarry LP lifted its position in BWX Technologies by 93.6% during the third 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 bought a new position in shares of BWX Technologies in the 3rd quarter worth $31,000. 94.39% of the stock is owned by hedge funds and other institutional investors.

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.