BWX Technologies, Inc. (NYSE:BWXT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of BWX Technologies, Inc. (NYSE:BWXT) have earned an average rating of “Moderate Buy” from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $127.50.

Several equities research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research report on Monday, December 16th. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Bank of America lifted their price objective 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. Deutsche Bank Aktiengesellschaft raised their target price on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Truist Financial raised their target price on shares of BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday, January 14th.

BWX Technologies Price Performance

NYSE BWXT opened at $103.82 on Friday. BWX Technologies has a 12 month low of $86.70 and a 12 month high of $136.31. The stock has a market cap of $9.50 billion, a price-to-earnings ratio of 34.38, a PEG ratio of 3.20 and a beta of 0.73. The company’s 50 day moving average is $113.12 and its two-hundred day moving average is $114.14. 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 (NYSE:BWXT) last released its quarterly earnings data on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.12. The firm had revenue of $746.27 million for the quarter, compared to analysts’ expectations of $653.16 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. As a group, research analysts anticipate that BWX Technologies will post 3.23 earnings per share for the current year.

BWX Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 11th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.96%. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.24. BWX Technologies’s dividend payout ratio is currently 32.57%.

Insiders Place Their Bets

In other BWX Technologies news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total value of $209,840.00. Following the sale, the senior vice president now owns 9,904 shares in the company, valued at approximately $1,039,127.68. This represents a 16.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Rex D. Geveden sold 45,625 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $107.40, for a total value of $4,900,125.00. Following the completion of the sale, the chief executive officer now owns 218,218 shares in the company, valued at approximately $23,436,613.20. This represents a 17.29 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.47% of the company’s stock.

Institutional Investors Weigh In On BWX Technologies

Hedge funds have recently bought and sold shares of the stock. Stone House Investment Management LLC raised its stake in shares of BWX Technologies by 76.2% during the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock worth $25,000 after buying an additional 99 shares during the period. Quarry LP raised its stake in shares of BWX Technologies by 93.6% during the 3rd quarter. Quarry LP now owns 271 shares of the technology company’s stock worth $29,000 after buying an additional 131 shares during the period. Retirement Wealth Solutions LLC acquired a new position in shares of BWX Technologies during the 4th quarter worth approximately $30,000. HHM Wealth Advisors LLC raised its stake in shares of BWX Technologies by 45.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company’s stock worth $32,000 after buying an additional 90 shares during the period. Finally, Ameriflex Group Inc. acquired a new position in shares of BWX Technologies during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 94.39% of the company’s stock.

About BWX Technologies

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.