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

BWX Technologies, Inc. (NYSE:BWXT) saw a significant increase in short interest in 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. Currently, 1.2% of the company’s shares are short sold. Based on an average daily volume of 730,700 shares, the short-interest ratio is presently 1.5 days.

Hedge Funds Weigh In On BWX Technologies

A number of hedge funds have recently bought and sold shares of BWXT. Vanguard Group Inc. boosted its stake in shares of BWX Technologies by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 8,735,898 shares of the technology company’s stock worth $896,478,000 after buying an additional 58,680 shares during the last quarter. FMR LLC boosted its position in BWX Technologies by 22.3% in the third quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock worth $190,721,000 after purchasing an additional 320,217 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in BWX Technologies by 12.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,707,832 shares of the technology company’s stock worth $162,244,000 after purchasing an additional 192,042 shares during the last quarter. Geode Capital Management LLC grew its stake in BWX Technologies by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company’s stock valued at $182,938,000 after purchasing an additional 26,130 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of BWX Technologies by 6.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,343,076 shares of the technology company’s stock valued at $127,593,000 after purchasing an additional 77,237 shares during the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BWXT has been the subject of several recent research reports. StockNews.com cut BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Bank of America raised their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday. Barclays lowered shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and upped their price objective for the company from $75.00 to $90.00 in a research note on Wednesday, July 24th. Truist Financial raised their target price on BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, BWX Technologies 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 $126.25 on Monday. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. BWX Technologies has a one year low of $74.69 and a one year high of $136.31. The company has a market cap of $11.54 billion, a PE ratio of 41.80, a PEG ratio of 4.61 and a beta of 0.69. The firm has a 50-day moving average of $115.18 and a 200-day moving average of $102.12.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $658.84 million. During the same period in the previous year, the company posted $0.67 EPS. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, equities research analysts expect that BWX Technologies will post 3.23 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. Shareholders of record on Tuesday, November 19th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.76%. The ex-dividend date is Tuesday, November 19th. BWX Technologies’s dividend payout ratio (DPR) is presently 31.79%.

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.