BWX Technologies (NYSE:BWXT) Reaches New 52-Week Low – Here’s What Happened

BWX Technologies, Inc. (NYSE:BWXT) reached a new 52-week low on Friday . The stock traded as low as $86.70 and last traded at $89.80, with a volume of 230209 shares trading hands. The stock had previously closed at $95.42.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Maxim Group upped their price objective on BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Seaport Res Ptn upgraded shares of BWX Technologies to a “strong-buy” rating in a research report on Tuesday. Bank of America reduced their target price on shares of BWX Technologies from $160.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, March 26th. Barclays increased their price target on shares of BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a report on Monday, December 16th. Finally, Truist Financial boosted their price objective on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, BWX Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $124.38.

BWX Technologies Stock Performance

The firm has a fifty day moving average price of $105.07 and a two-hundred day moving average price of $114.33. 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 stock has a market capitalization of $8.20 billion, a PE ratio of 29.49, a P/E/G ratio of 3.20 and a beta of 0.67.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.12. The firm had revenue of $746.27 million during the quarter, compared to analyst estimates of $653.16 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. Research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, March 11th. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.12%. BWX Technologies’s dividend payout ratio (DPR) is 32.57%.

Insider Activity at BWX Technologies

In other news, CEO Rex D. Geveden sold 45,625 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $107.40, for a total value of $4,900,125.00. Following the completion of the transaction, the chief executive officer now directly owns 218,218 shares of the company’s stock, valued at approximately $23,436,613.20. The trade was a 17.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total value of $209,840.00. Following the sale, the senior vice president now owns 9,904 shares of the company’s stock, valued at $1,039,127.68. This trade represents a 16.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,625 shares of company stock worth $5,734,145. Company insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BWXT. Quarry LP grew its holdings in BWX Technologies by 93.6% in the third quarter. Quarry LP now owns 271 shares of the technology company’s stock worth $29,000 after purchasing an additional 131 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new position in BWX Technologies during the 4th quarter worth $30,000. HHM Wealth Advisors LLC grew its stake in BWX Technologies by 45.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company’s stock worth $32,000 after buying an additional 90 shares during the last quarter. Ameriflex Group Inc. acquired a new position in BWX Technologies during the 4th quarter valued at about $34,000. Finally, Principal Securities Inc. raised its stake in BWX Technologies by 40.4% in the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company’s stock valued at $35,000 after buying an additional 91 shares during the last quarter. 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.