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

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

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price target on BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Truist Financial raised their price objective on BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Barclays downgraded shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and lifted their price target for the stock from $75.00 to $90.00 in a research note on Wednesday, July 24th. Finally, Alembic Global Advisors raised 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 note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.43.

BWX Technologies Stock Down 1.5 %

Shares of NYSE BWXT opened at $126.25 on Monday. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies has a 12 month low of $74.69 and a 12 month high of $136.31. The firm has a market capitalization of $11.54 billion, a PE ratio of 41.80, a price-to-earnings-growth ratio of 4.61 and a beta of 0.69. The firm has a fifty day simple moving average of $115.18 and a two-hundred day simple moving average of $102.12.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $658.84 million. During the same period last year, the business posted $0.67 earnings per share. BWX Technologies’s quarterly revenue was up 13.9% compared to the same quarter last year. Equities analysts expect that BWX Technologies will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend 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.