BWX Technologies, Inc. (NYSE:BWXT) Receives Average Rating of “Moderate Buy” from Brokerages

BWX Technologies, Inc. (NYSE:BWXT) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $122.43.

A number of research firms have weighed in on BWXT. Deutsche Bank Aktiengesellschaft lifted their target price on BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Bank of America upped their price objective on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Truist Financial increased their target price on shares of BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Alembic Global Advisors raised BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective on the stock in a research note on Tuesday, November 12th. Finally, StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th.

BWX Technologies Price Performance

BWXT opened at $130.51 on Thursday. BWX Technologies has a fifty-two week low of $74.69 and a fifty-two week high of $136.31. The firm has a 50-day moving average of $118.52 and a 200 day moving average of $103.43. The firm has a market cap of $11.93 billion, a P/E ratio of 43.18, a PEG ratio of 4.45 and a beta of 0.69. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm had revenue of $672.00 million for the quarter, compared to analysts’ expectations of $658.84 million. During the same quarter in the prior year, the firm earned $0.67 EPS. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, research analysts expect that BWX Technologies will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a yield of 0.74%. BWX Technologies’s dividend payout ratio is presently 31.79%.

Hedge Funds Weigh In On BWX Technologies

Several hedge funds have recently made changes to their positions in BWXT. Stone House Investment Management LLC raised its position in shares of BWX Technologies by 76.2% in the 3rd 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 in the last quarter. Quent Capital LLC increased its stake in BWX Technologies by 147.6% during the 3rd quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock valued at $28,000 after purchasing an additional 152 shares in the last quarter. UMB Bank n.a. raised its holdings in BWX Technologies by 729.0% in the 3rd quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock worth $28,000 after acquiring an additional 226 shares during the last quarter. Quarry LP raised its stake in shares of BWX Technologies by 93.6% in the third quarter. Quarry LP now owns 271 shares of the technology company’s stock worth $29,000 after purchasing an additional 131 shares during the last quarter. Finally, V Square Quantitative Management LLC purchased a new position in BWX Technologies in the 3rd quarter worth about $31,000. 94.39% of the stock is owned by hedge funds and other institutional investors.

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.