BWX Technologies, Inc. (NYSE:BWXT) Receives $124.57 Consensus Price Target from Analysts

Shares of BWX Technologies, Inc. (NYSE:BWXT) have earned an average recommendation of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $126.50.

A number of research analysts have issued reports on BWXT shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Bank of America raised their target price on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. StockNews.com cut BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Maxim Group raised their price objective on BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Truist Financial lifted their target price on BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th.

BWX Technologies Trading Up 0.2 %

NYSE:BWXT opened at $114.78 on Friday. The stock has a market capitalization of $10.50 billion, a price-to-earnings ratio of 38.01, a PEG ratio of 4.12 and a beta of 0.73. BWX Technologies has a 52 week low of $77.31 and a 52 week high of $136.31. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. The firm has a 50 day moving average of $121.55 and a 200 day moving average of $110.69.

BWX Technologies (NYSE:BWXT) last released 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 company had revenue of $672.00 million during the quarter, compared to analysts’ expectations of $658.84 million. During the same period last year, the business posted $0.67 earnings per share. The firm’s revenue was up 13.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that BWX Technologies will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Tuesday, November 19th. BWX Technologies’s dividend payout ratio is currently 31.79%.

Institutional Inflows and Outflows

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

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.