BWX Technologies (NYSE:BWXT) Sets New 12-Month High – Here’s Why

BWX Technologies, Inc. (NYSE:BWXT)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $129.79 and last traded at $129.38, with a volume of 80197 shares traded. The stock had previously closed at $126.93.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Barclays lowered shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and upped their target price for the company from $75.00 to $90.00 in a report on Wednesday, July 24th. 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. Bank of America upped their target price on shares of BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a report on Thursday. Finally, Truist Financial upped 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $122.43.

BWX Technologies Stock Performance

The firm has a market capitalization of $11.73 billion, a PE ratio of 42.46, a price-to-earnings-growth ratio of 4.63 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. The company’s fifty day moving average price is $114.57 and its two-hundred day moving average price is $101.83.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The firm had revenue of $672.00 million during the quarter, compared to the consensus estimate of $658.84 million. During the same quarter in the prior year, the company earned $0.67 EPS. The company’s revenue was up 13.9% on a year-over-year basis. As a group, equities analysts expect that BWX Technologies, Inc. will post 3.21 earnings per share 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 $0.24 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.96 annualized dividend and a yield of 0.75%. BWX Technologies’s payout ratio is 31.79%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC raised its holdings in BWX Technologies by 77.8% in the second quarter. AQR Capital Management LLC now owns 132,263 shares of the technology company’s stock valued at $12,565,000 after buying an additional 57,879 shares during the period. Bridges Investment Management Inc. raised its holdings in BWX Technologies by 76.3% in the second quarter. Bridges Investment Management Inc. now owns 359,147 shares of the technology company’s stock valued at $34,119,000 after buying an additional 155,387 shares during the period. Russell Investments Group Ltd. raised its stake in shares of 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 purchasing an additional 31,845 shares during the period. Compass Wealth Management LLC purchased a new stake in shares of BWX Technologies during the third quarter valued at approximately $3,456,000. Finally, Copeland Capital Management LLC raised its stake in shares of BWX Technologies by 0.8% during the third quarter. Copeland Capital Management LLC now owns 711,773 shares of the technology company’s stock valued at $77,370,000 after purchasing an additional 5,723 shares during the period. Hedge funds and other institutional investors own 94.39% of the company’s stock.

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.