BWX Technologies, Inc. (NYSE:BWXT) Short Interest Up 16.1% in October

BWX Technologies, Inc. (NYSE:BWXT) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,090,000 shares, an increase of 16.1% from the October 15th total of 938,900 shares. Based on an average daily volume of 730,700 shares, the short-interest ratio is presently 1.5 days. Currently, 1.2% of the company’s stock are short sold.

BWX Technologies Trading Down 1.5 %

Shares of BWX Technologies stock opened at $126.25 on Monday. BWX Technologies has a fifty-two week low of $74.69 and a fifty-two week high of $136.31. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The company has a market capitalization of $11.54 billion, a P/E ratio of 41.80, a P/E/G ratio of 4.61 and a beta of 0.69. The company has a fifty day moving average of $115.18 and a 200 day moving average of $102.12.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $658.84 million. During the same quarter last year, the business posted $0.67 earnings per share. The firm’s revenue was up 13.9% on a year-over-year basis. On average, 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 will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be issued a $0.24 dividend. 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 0.76%. BWX Technologies’s dividend payout ratio is currently 31.79%.

Wall Street Analysts Forecast Growth

BWXT has been the subject of a number of recent analyst reports. Bank of America boosted their target price on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price on the stock in a report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft boosted their target price 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. Finally, Barclays downgraded BWX Technologies from an “equal weight” rating to an “underweight” rating and raised their price target for the stock from $75.00 to $90.00 in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $122.43.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BWXT. Stone House Investment Management LLC boosted its position in shares of BWX Technologies by 76.2% during the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock valued at $25,000 after acquiring an additional 99 shares during the last quarter. Quent Capital LLC lifted its position in BWX Technologies by 147.6% during the third quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock valued at $28,000 after purchasing an additional 152 shares during the last quarter. UMB Bank n.a. grew 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 worth $28,000 after buying an additional 226 shares in the last quarter. Quarry LP increased its holdings in shares of BWX Technologies by 93.6% in the 3rd quarter. Quarry LP now owns 271 shares of the technology company’s stock worth $29,000 after buying an additional 131 shares during the last quarter. Finally, V Square Quantitative Management LLC purchased a new stake in shares of BWX Technologies during the 3rd quarter valued at about $31,000. Institutional investors own 94.39% of the company’s stock.

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.