BWX Technologies (NYSE:BWXT) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of BWX Technologies (NYSE:BWXT – Get Rating) in a research note issued to investors on Thursday. The firm issued a hold rating on the technology company’s stock.

Several other brokerages have also recently issued reports on BWXT. Barclays upgraded BWX Technologies from an underweight rating to an equal weight rating and set a $64.00 target price for the company in a report on Thursday, December 8th. Maxim Group upped their price target on BWX Technologies from $65.00 to $70.00 and gave the company a buy rating in a research note on Tuesday, November 29th. Finally, Credit Suisse Group upped their price target on BWX Technologies from $65.00 to $67.00 and gave the company an outperform rating in a research note on Friday, February 24th.

BWX Technologies Stock Down 3.0 %

Shares of NYSE:BWXT opened at $61.04 on Thursday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 1.71. The business has a fifty day moving average of $60.10 and a two-hundred day moving average of $57.57. The stock has a market cap of $5.57 billion, a P/E ratio of 23.48, a PEG ratio of 4.49 and a beta of 0.79. BWX Technologies has a 52-week low of $45.78 and a 52-week high of $64.62.

BWX Technologies (NYSE:BWXT – Get Rating) last issued its earnings results on Thursday, February 23rd. The technology company reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.02). The company had revenue of $624.20 million during the quarter, compared to analysts’ expectations of $641.18 million. BWX Technologies had a net margin of 10.67% and a return on equity of 40.65%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.95 earnings per share. On average, research analysts expect that BWX Technologies will post 2.93 earnings per share for the current year.

BWX Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 28th. Stockholders of record on Friday, March 10th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, March 9th. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.22. BWX Technologies’s dividend payout ratio is 35.38%.

Hedge Funds Weigh In On BWX Technologies

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in BWX Technologies by 23.7% during the 1st quarter. JPMorgan Chase & Co. now owns 170,652 shares of the technology company’s stock worth $9,191,000 after acquiring an additional 32,688 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in BWX Technologies during the 1st quarter worth about $207,000. American Century Companies Inc. lifted its stake in BWX Technologies by 14.8% during the 1st quarter. American Century Companies Inc. now owns 14,741 shares of the technology company’s stock worth $794,000 after acquiring an additional 1,902 shares in the last quarter. HighTower Advisors LLC acquired a new position in BWX Technologies during the 1st quarter worth about $209,000. Finally, MetLife Investment Management LLC acquired a new position in BWX Technologies during the 1st quarter worth about $266,000. Institutional investors and hedge funds own 99.33% of the company’s stock.

BWX Technologies Company Profile

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BWX Technologies, Inc engages in the supply and provision of nuclear components and products. It operates through the Government Operations and Commercial Operations segments. The Government Operations segment manufactures naval nuclear reactors, including the related nuclear fuel, for the U.S. Naval Nuclear Propulsion Program for use in submarines and aircraft carriers.