BWX Technologies (NYSE:BWXT) Price Target Raised to $105.00 at Barclays

BWX Technologies (NYSE:BWXT) had its price target increased by Barclays from $90.00 to $105.00 in a report issued on Monday,Benzinga reports. The firm currently has an underweight rating on the technology company’s stock.

Other equities research analysts also recently issued research reports about 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. Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price for the company in a research report on Tuesday, November 12th. Bank of America increased their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. StockNews.com lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Truist Financial lifted their price objective on BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, BWX Technologies currently has an average rating of “Moderate Buy” and an average target price of $124.57.

BWX Technologies Trading Up 0.8 %

Shares of BWXT stock opened at $121.86 on Monday. The stock has a market capitalization of $11.14 billion, a price-to-earnings ratio of 40.35, a PEG ratio of 4.12 and a beta of 0.70. The company’s fifty day simple moving average is $124.86 and its two-hundred day simple moving average is $107.72. BWX Technologies has a 1 year low of $74.69 and a 1 year high of $136.31. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25.

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

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Tuesday, November 19th. BWX Technologies’s payout ratio is currently 31.79%.

Institutional Trading of BWX Technologies

Hedge funds have recently modified their holdings of the business. Stone House Investment Management LLC increased its stake in BWX Technologies by 76.2% during the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock valued at $25,000 after purchasing an additional 99 shares in the last quarter. Quent Capital LLC raised its holdings in BWX Technologies by 147.6% in the 3rd quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock worth $28,000 after acquiring an additional 152 shares during the last quarter. UMB Bank n.a. lifted its position in 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 boosted its stake in BWX Technologies by 93.6% during the 3rd 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 stake in shares of BWX Technologies in the 3rd quarter worth $31,000. 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.