BWX Technologies, Inc. (NYSE:BWXT) Sees Large Increase in Short Interest

BWX Technologies, Inc. (NYSE:BWXT) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 938,900 shares, an increase of 9.9% from the September 30th total of 854,700 shares. Based on an average daily trading volume, of 645,400 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Advisor Resource Council bought a new stake in BWX Technologies during the 3rd quarter worth approximately $537,000. Concurrent Investment Advisors LLC boosted its holdings in BWX Technologies by 58.0% in the third quarter. Concurrent Investment Advisors LLC now owns 4,929 shares of the technology company’s stock valued at $536,000 after acquiring an additional 1,810 shares during the last quarter. Heritage Investors Management Corp acquired a new position in shares of BWX Technologies in the 3rd quarter worth approximately $229,000. QRG Capital Management Inc. acquired a new stake in shares of BWX Technologies during the third quarter worth $240,000. Finally, Van ECK Associates Corp boosted its position in BWX Technologies by 49.7% during the third quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock valued at $104,381,000 after acquiring an additional 318,598 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Trading Down 2.5 %

Shares of BWXT stock opened at $121.75 on Friday. The stock has a market cap of $11.13 billion, a P/E ratio of 44.12, a price-to-earnings-growth ratio of 4.25 and a beta of 0.71. BWX Technologies has a 1 year low of $73.14 and a 1 year high of $128.00. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.21. The stock has a 50 day simple moving average of $109.62 and a 200 day simple moving average of $99.59.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, August 5th. The technology company reported $0.82 EPS for the quarter, beating 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 business had revenue of $681.50 million during the quarter, compared to the consensus estimate of $639.31 million. During the same quarter in the previous year, the firm earned $0.65 earnings per share. BWX Technologies’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, research analysts predict that BWX Technologies will post 3.2 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Friday, August 16th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Friday, August 16th. BWX Technologies’s dividend payout ratio is 34.66%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BWXT shares. StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft raised their price target on BWX Technologies from $113.00 to $129.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, Barclays cut BWX Technologies from an “equal weight” rating to an “underweight” rating and upped their price objective for the stock from $75.00 to $90.00 in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $104.86.

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.