BWX Technologies (NYSE:BWXT) Upgraded by Alembic Global Advisors to “Overweight” Rating

Alembic Global Advisors upgraded shares of BWX Technologies (NYSE:BWXT) from a neutral rating to an overweight rating in a research note published on Tuesday, Marketbeat Ratings reports. They currently have $148.00 price objective on the technology company’s stock.

Several other research analysts also recently issued reports on BWXT. Deutsche Bank Aktiengesellschaft upped their target price on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. StockNews.com downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Barclays downgraded shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and upped their target price for the stock from $75.00 to $90.00 in a research note on Wednesday, July 24th. Finally, Truist Financial upped their target price on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. One equities 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 company’s stock. Based on data from MarketBeat, BWX Technologies currently has an average rating of “Moderate Buy” and an average target price of $122.43.

BWX Technologies Trading Down 1.5 %

NYSE:BWXT opened at $126.26 on Tuesday. BWX Technologies has a one year low of $74.69 and a one year high of $136.31. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The company’s 50-day simple moving average is $115.18 and its 200 day simple moving average is $102.03. The firm has a market capitalization of $11.54 billion, a P/E ratio of 41.81, a PEG ratio of 4.82 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 EPS 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 business had revenue of $672.00 million for the quarter, compared to analyst estimates of $658.84 million. During the same quarter in the previous year, the firm posted $0.67 earnings per share. BWX Technologies’s quarterly revenue was up 13.9% on a year-over-year basis. As a group, analysts forecast that BWX Technologies will post 3.21 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be issued a dividend of $0.24 per share. The ex-dividend date is Tuesday, November 19th. This represents a $0.96 annualized dividend and a dividend yield of 0.76%. BWX Technologies’s payout ratio is 31.79%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC purchased a new stake in BWX Technologies during the first quarter valued at approximately $234,000. Concurrent Investment Advisors LLC purchased a new stake in BWX Technologies during the first quarter valued at approximately $271,000. Russell Investments Group Ltd. increased its holdings in BWX Technologies by 39.9% during the first quarter. Russell Investments Group Ltd. now owns 111,757 shares of the technology company’s stock valued at $11,469,000 after buying an additional 31,845 shares during the last quarter. Avantax Advisory Services Inc. purchased a new stake in BWX Technologies during the first quarter valued at approximately $281,000. Finally, State Board of Administration of Florida Retirement System increased its holdings in BWX Technologies by 4.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 111,694 shares of the technology company’s stock valued at $11,462,000 after buying an additional 4,576 shares during 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.