BWX Technologies (NYSE:BWXT) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?

BWX Technologies, Inc. (NYSE:BWXT) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $122.65 and traded as low as $110.81. BWX Technologies shares last traded at $111.48, with a volume of 449,252 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BWXT. Alembic Global Advisors upgraded 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. Deutsche Bank Aktiengesellschaft boosted their price target on BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Barclays increased their price objective on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a report on Monday, December 16th. StockNews.com cut BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, Truist Financial raised their price target on BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, BWX Technologies has a consensus rating of “Moderate Buy” and an average target price of $124.57.

BWX Technologies Stock Up 1.8 %

The stock’s 50 day simple moving average is $122.46 and its two-hundred day simple moving average is $109.72. The firm has a market cap of $10.38 billion, a P/E ratio of 37.58, a P/E/G ratio of 4.12 and a beta of 0.73. 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 issued its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $658.84 million. During the same period in the previous year, the company earned $0.67 earnings per share. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, research analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Tuesday, November 19th. BWX Technologies’s payout ratio is currently 31.79%.

Institutional Trading of BWX Technologies

A number of institutional investors have recently made changes to their positions in BWXT. Stone House Investment Management LLC grew its holdings in shares of BWX Technologies by 76.2% in the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock worth $25,000 after acquiring an additional 99 shares during the period. Quent Capital LLC boosted its position in BWX Technologies by 147.6% in the third quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock worth $28,000 after purchasing an additional 152 shares during the last quarter. UMB Bank n.a. grew its stake in shares of BWX Technologies by 729.0% during the 3rd quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock valued at $28,000 after purchasing an additional 226 shares during the period. Quarry LP increased its position in shares of 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 position in shares of BWX Technologies in the 3rd quarter worth approximately $31,000. 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.