BWX Technologies (NYSE:BWXT) Price Target Raised to $114.00

BWX Technologies (NYSE:BWXT) had its price objective boosted by Truist Financial from $106.00 to $114.00 in a research note released on Tuesday,Benzinga reports. Truist Financial currently has a hold rating on the technology company’s stock.

Several other analysts have also recently commented on BWXT. Barclays raised their target price on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research report on Monday, December 16th. Bank of America raised their price objective on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Maxim Group upped their target price on BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 10th. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Alembic Global Advisors raised shares of 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 given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $127.50.

BWX Technologies Price Performance

NYSE BWXT opened at $121.06 on Tuesday. 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 1 year low of $78.47 and a 1 year high of $136.31. The company has a market cap of $11.07 billion, a PE ratio of 40.09, a PEG ratio of 3.59 and a beta of 0.73. The stock’s 50-day moving average price is $121.44 and its two-hundred day moving average price is $111.11.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results 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 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 analyst estimates of $658.84 million. During the same quarter in the previous year, the business earned $0.67 earnings per share. The firm’s revenue was up 13.9% compared to the same quarter last year. On average, analysts predict that BWX Technologies will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BWXT. Ballentine Partners LLC acquired a new position in BWX Technologies during the fourth quarter valued at approximately $209,000. UMB Bank n.a. raised its holdings in BWX Technologies by 97.3% in the 4th quarter. UMB Bank n.a. now owns 507 shares of the technology company’s stock worth $56,000 after acquiring an additional 250 shares during the period. Lincoln Capital LLC acquired a new position in BWX Technologies during the 4th quarter worth $218,000. Diversify Advisory Services LLC bought a new stake in BWX Technologies during the fourth quarter valued at about $325,000. Finally, Cadinha & Co. LLC lifted its position in shares of BWX Technologies by 469.2% during the 4th quarter. Cadinha & Co. LLC now owns 64,341 shares of the technology company’s stock worth $7,167,000 after purchasing an additional 53,038 shares during the last quarter. 94.39% of the stock is owned by 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.