BWX Technologies (NYSE:BWXT) Price Target Raised to $129.00 at Deutsche Bank Aktiengesellschaft

BWX Technologies (NYSE:BWXT) had its price target boosted by Deutsche Bank Aktiengesellschaft from $113.00 to $129.00 in a report issued on Thursday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the technology company’s stock.

BWXT has been the topic of a number of other reports. BTIG Research began coverage on BWX Technologies in a research report on Wednesday, June 26th. They set a buy rating and a $110.00 target price on the stock. StockNews.com upgraded shares of BWX Technologies from a hold rating to a buy rating in a report on Tuesday, August 6th. Barclays downgraded shares of BWX Technologies from an equal weight rating to an underweight rating and boosted their target price for the stock from $75.00 to $90.00 in a research note on Wednesday, July 24th. Finally, Janney Montgomery Scott initiated coverage on shares of BWX Technologies in a research report on Thursday, June 27th. They issued a buy rating and a $113.00 price target for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $104.86.

BWX Technologies Stock Up 3.4 %

Shares of NYSE:BWXT opened at $117.13 on Thursday. BWX Technologies has a 52-week low of $72.14 and a 52-week high of $117.63. The stock has a market cap of $10.71 billion, a P/E ratio of 42.29, a price-to-earnings-growth ratio of 3.84 and a beta of 0.71. The business’s 50 day moving average is $100.44 and its 200 day moving average is $96.78. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.21.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, August 5th. The technology company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.76 by $0.06. The firm had revenue of $681.50 million during 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%. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 EPS. Sell-side analysts predict that BWX Technologies will post 3.2 EPS for the current year.

BWX Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Friday, August 16th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.82%. BWX Technologies’s dividend payout ratio (DPR) is 34.66%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BWXT. Vanguard Group Inc. lifted its stake in 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 acquiring an additional 58,680 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in BWX Technologies by 12.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,707,832 shares of the technology company’s stock valued at $162,244,000 after buying an additional 192,042 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of BWX Technologies by 6.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,343,076 shares of the technology company’s stock worth $127,593,000 after buying an additional 77,237 shares in the last quarter. Frontier Capital Management Co. LLC increased its stake in shares of BWX Technologies by 28.8% in the fourth quarter. Frontier Capital Management Co. LLC now owns 967,317 shares of the technology company’s stock valued at $74,222,000 after buying an additional 216,525 shares in the last quarter. Finally, Fiera Capital Corp increased its stake 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 buying an additional 10,475 shares in the last quarter. 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.