BWX Technologies, Inc. (NYSE:BWXT) Short Interest Update

BWX Technologies, Inc. (NYSE:BWXTGet Rating) saw a significant decline in short interest in November. As of November 15th, there was short interest totalling 2,820,000 shares, a decline of 7.2% from the October 31st total of 3,040,000 shares. Currently, 3.1% of the shares of the company are sold short. Based on an average daily volume of 545,400 shares, the days-to-cover ratio is presently 5.2 days.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BWXT shares. cut BWX Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 11th. Credit Suisse Group assumed coverage on BWX Technologies in a research note on Tuesday, October 11th. They set an “outperform” rating and a $65.00 price objective for the company. Finally, Maxim Group lifted their price objective on BWX Technologies from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, November 29th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, BWX Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $66.67.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust increased its holdings in shares of BWX Technologies by 43.4% in the second quarter. Parkside Financial Bank & Trust now owns 654 shares of the technology company’s stock worth $36,000 after buying an additional 198 shares during the period. Lazard Asset Management LLC purchased a new position in BWX Technologies during the 1st quarter valued at about $38,000. Herold Advisors Inc. purchased a new position in BWX Technologies during the 1st quarter valued at about $48,000. Wipfli Financial Advisors LLC purchased a new position in BWX Technologies during the 3rd quarter valued at about $48,000. Finally, Prospera Financial Services Inc purchased a new position in BWX Technologies during the 1st quarter valued at about $57,000. Hedge funds and other institutional investors own 99.97% of the company’s stock.

BWX Technologies Trading Down 1.0 %

Shares of BWXT stock opened at $60.79 on Wednesday. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 1.88. The business has a 50-day moving average price of $56.63 and a two-hundred day moving average price of $54.49. BWX Technologies has a 12-month low of $42.58 and a 12-month high of $62.84. The firm has a market cap of $5.55 billion, a P/E ratio of 17.93, a price-to-earnings-growth ratio of 4.01 and a beta of 0.79.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 13th. Stockholders of record on Monday, November 21st will be issued a $0.22 dividend. The ex-dividend date of this dividend is Friday, November 18th. This represents a $0.88 annualized dividend and a dividend yield of 1.45%. BWX Technologies’s dividend payout ratio is currently 25.96%.

About BWX Technologies

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BWX Technologies, Inc manufactures and sells nuclear components in the United States, Canada, and internationally. It operates in three segments: Nuclear Operations Group, Nuclear Power Group, and Nuclear Services Group. The Nuclear Operations Group segment provides precision naval and critical nuclear components, reactors, nuclear fuel, and assemblies for the United States Department of Energy/National Nuclear Security Administration's Naval Nuclear Propulsion Program and other uses; missile launch tubes for United States Navy submarines; close-tolerance and equipment for nuclear applications; and converts Cold War-era government stockpiles of high-enriched uranium, as well as receives, stores, characterizes, dissolves, recovers, and purifies uranium-bearing materials; supplies research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications.

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