BWX Technologies, Inc. (NYSE:BWXT) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of BWX Technologies, Inc. (NYSE:BWXT) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $122.43.

A number of brokerages recently weighed in on BWXT. Deutsche Bank Aktiengesellschaft boosted their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. StockNews.com downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Barclays downgraded shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and boosted their price target for the stock from $75.00 to $90.00 in a report on Wednesday, July 24th. Bank of America boosted their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Alembic Global Advisors raised shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target on the stock in a report on Tuesday, November 12th.

BWX Technologies Stock Performance

NYSE BWXT opened at $129.77 on Thursday. The company has a fifty day simple moving average of $117.14 and a 200 day simple moving average of $102.76. BWX Technologies has a 12-month low of $74.69 and a 12-month high of $136.31. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The company has a market cap of $11.87 billion, a P/E ratio of 42.97, a PEG ratio of 4.23 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.06. The business had revenue of $672.00 million during the quarter, compared to the consensus estimate of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. BWX Technologies’s revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.67 EPS. Sell-side analysts predict that BWX Technologies will post 3.23 earnings per share for the current fiscal 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 paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Tuesday, November 19th. BWX Technologies’s dividend payout ratio is currently 31.79%.

Institutional Trading of BWX Technologies

Institutional investors have recently made changes to their positions in the stock. Avantax Advisory Services Inc. bought a new position in shares of BWX Technologies during the first quarter valued at approximately $281,000. Vanguard Group Inc. raised its holdings in shares of BWX Technologies by 0.7% during the first quarter. Vanguard Group Inc. now owns 8,735,898 shares of the technology company’s stock valued at $896,478,000 after acquiring an additional 58,680 shares in the last quarter. Shell Asset Management Co. bought a new position in shares of BWX Technologies during the first quarter valued at approximately $148,000. EntryPoint Capital LLC raised its holdings in shares of BWX Technologies by 534.1% during the first quarter. EntryPoint Capital LLC now owns 520 shares of the technology company’s stock valued at $53,000 after acquiring an additional 438 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of BWX Technologies during the first quarter valued at approximately $1,682,000. Hedge funds and other 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.