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

Shares of BWX Technologies, Inc. (NYSE:BWXT) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $102.57.

Several research analysts have recently weighed in on BWXT shares. Janney Montgomery Scott initiated coverage on shares of BWX Technologies in a report on Thursday, June 27th. They set a “buy” rating and a $113.00 price objective on the stock. BTIG Research initiated coverage on shares of BWX Technologies in a research note on Wednesday, June 26th. They set a “buy” rating and a $110.00 price target on the stock. StockNews.com raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Barclays lowered BWX Technologies from an “equal weight” rating to an “underweight” rating and increased their target price for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on BWX Technologies from $112.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, August 6th.

Hedge Funds Weigh In On BWX Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position 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 worth $896,478,000 after purchasing an additional 58,680 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in BWX Technologies by 12.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,707,832 shares of the technology company’s stock worth $162,244,000 after buying an additional 192,042 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in BWX Technologies by 6.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,343,076 shares of the technology company’s stock worth $127,593,000 after buying an additional 77,237 shares in the last quarter. Frontier Capital Management Co. LLC boosted its position in BWX Technologies by 28.8% in the 4th quarter. Frontier Capital Management Co. LLC now owns 967,317 shares of the technology company’s stock valued at $74,222,000 after buying an additional 216,525 shares during the last quarter. Finally, Fiera Capital Corp grew its stake in shares of BWX Technologies by 1.1% during the second quarter. Fiera Capital Corp now owns 936,839 shares of the technology company’s stock valued at $89,000,000 after acquiring an additional 10,475 shares in the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

BWX Technologies Stock Performance

Shares of BWXT opened at $111.64 on Wednesday. BWX Technologies has a 1 year low of $72.14 and a 1 year high of $111.86. The company’s 50 day simple moving average is $99.68 and its 200 day simple moving average is $96.43. The company has a market capitalization of $10.20 billion, a price-to-earnings ratio of 40.30, a PEG ratio of 3.84 and a beta of 0.71. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.23 and a current ratio of 2.23.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, August 5th. The technology company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. The company had revenue of $681.50 million for the quarter, compared to analyst estimates of $639.31 million. During the same quarter in the prior year, the company posted $0.65 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, sell-side analysts predict that BWX Technologies will post 3.2 EPS for the current year.

BWX Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Friday, August 16th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Friday, August 16th. BWX Technologies’s dividend payout ratio is presently 34.66%.

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.