BWX Technologies, Inc. (NYSE:BWXT) Given Average Rating of “Moderate Buy” by Analysts

Shares of BWX Technologies, Inc. (NYSE:BWXT) have been given an average recommendation of “Moderate Buy” by the eight analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $122.43.

Several equities research analysts have recently issued reports on BWXT shares. Bank of America lifted their target price on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective on the stock in a research report on Tuesday, November 12th. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Truist Financial upped their price target on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th.

BWX Technologies Stock Performance

Shares of NYSE BWXT opened at $130.51 on Thursday. The stock has a market cap of $11.93 billion, a PE ratio of 43.18, a price-to-earnings-growth ratio of 4.45 and a beta of 0.69. 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 firm has a fifty day moving average price of $118.52 and a 200-day moving average price of $103.43. BWX Technologies has a 1 year low of $74.69 and a 1 year high of $136.31.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share 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 business had revenue of $672.00 million during the quarter, compared to the consensus estimate of $658.84 million. During the same period in the prior year, the company posted $0.67 EPS. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. Equities analysts anticipate that BWX Technologies will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be paid 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 0.74%. BWX Technologies’s dividend payout ratio (DPR) is presently 31.79%.

Institutional Trading of BWX Technologies

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of BWX Technologies by 0.7% during the first quarter. Vanguard Group Inc. now owns 8,735,898 shares of the technology company’s stock valued at $896,478,000 after buying an additional 58,680 shares during the last quarter. FMR LLC increased its holdings in shares of BWX Technologies by 22.3% during the 3rd quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock valued at $190,721,000 after purchasing an additional 320,217 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of 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 purchasing an additional 192,042 shares during the period. Geode Capital Management LLC boosted its stake in shares of BWX Technologies by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company’s stock worth $182,938,000 after acquiring an additional 26,130 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in 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 purchasing an additional 77,237 shares in the last quarter. Institutional investors and hedge funds 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.