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

Shares of BWX Technologies, Inc. (NYSE:BWXT) have earned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $124.57.

BWXT has been the subject of a number of research reports. Barclays increased their target price on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a report on Monday, December 16th. Truist Financial boosted their price objective on BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective for the company in a research note on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th.

Institutional Investors Weigh In On BWX Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in BWXT. Thrivent Financial for Lutherans grew its stake in shares of BWX Technologies by 1,121.6% during the second quarter. Thrivent Financial for Lutherans now owns 578,068 shares of the technology company’s stock worth $54,916,000 after buying an additional 530,749 shares during the last quarter. FMR LLC raised its position in BWX Technologies by 22.3% in the third quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock valued at $190,721,000 after purchasing an additional 320,217 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of BWX Technologies by 49.7% during the third quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock worth $104,381,000 after purchasing an additional 318,598 shares during the last quarter. American Century Companies Inc. increased its stake in shares of BWX Technologies by 37.9% in the second quarter. American Century Companies Inc. now owns 738,542 shares of the technology company’s stock valued at $70,161,000 after buying an additional 203,067 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its position in BWX Technologies by 12.7% during 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 during the period. 94.39% of the stock is owned by institutional investors.

BWX Technologies Price Performance

BWX Technologies stock opened at $113.28 on Monday. The business’s 50-day simple moving average is $124.66 and its 200 day simple moving average is $108.40. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies has a 12-month low of $74.69 and a 12-month high of $136.31. The stock has a market cap of $10.36 billion, a price-to-earnings ratio of 37.51, a P/E/G ratio of 4.12 and a beta of 0.70.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share 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 company had revenue of $672.00 million for the quarter, compared to analyst estimates of $658.84 million. During the same period last year, the business posted $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 anticipate that BWX Technologies will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

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

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.