BWX Technologies, Inc. (NYSE:BWXT) Receives $104.86 Consensus Price Target from Analysts

BWX Technologies, Inc. (NYSE:BWXT) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $104.86.

Several analysts recently weighed in on the company. Barclays downgraded 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 report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft increased their target price on BWX Technologies from $113.00 to $129.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Finally, StockNews.com upgraded BWX Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th.

Institutional Investors Weigh In On BWX Technologies

A number of hedge funds have recently added to or reduced their stakes in BWXT. Vanguard Group Inc. lifted its holdings in shares of BWX Technologies by 0.7% in the first quarter. Vanguard Group Inc. now owns 8,735,898 shares of the technology company’s stock valued at $896,478,000 after purchasing an additional 58,680 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of BWX Technologies by 12.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,707,832 shares of the technology company’s stock valued at $162,244,000 after purchasing an additional 192,042 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of BWX Technologies by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,343,076 shares of the technology company’s stock valued at $127,593,000 after purchasing an additional 77,237 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of BWX Technologies by 49.7% in the third quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock valued at $104,381,000 after purchasing an additional 318,598 shares in the last quarter. Finally, Fiera Capital Corp lifted its holdings in shares of BWX Technologies by 1.1% in the second quarter. Fiera Capital Corp now owns 936,839 shares of the technology company’s stock valued at $89,000,000 after purchasing an additional 10,475 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Stock Performance

Shares of NYSE BWXT opened at $125.52 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.23 and a quick ratio of 2.23. The stock’s fifty day moving average price is $109.13 and its two-hundred day moving average price is $99.41. BWX Technologies has a one year low of $72.91 and a one year high of $128.00. The firm has a market cap of $11.47 billion, a price-to-earnings ratio of 45.31, a P/E/G ratio of 4.25 and a beta of 0.71.

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

BWX Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Friday, August 16th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.96 dividend on an annualized basis and a yield of 0.76%. BWX Technologies’s dividend payout ratio (DPR) 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.