Brokerages Set BWX Technologies, Inc. (NYSE:BWXT) Target Price at $102.57

BWX Technologies, Inc. (NYSE:BWXT) has received a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $104.86.

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of BWX Technologies from $113.00 to $129.00 and gave the stock a “buy” rating in a research note on Thursday. Janney Montgomery Scott began coverage on shares of BWX Technologies in a research note on Thursday, June 27th. They issued a “buy” rating and a $113.00 target price for the company. BTIG Research began coverage on shares of BWX Technologies in a research note on Wednesday, June 26th. They issued a “buy” rating and a $110.00 target price for the company. StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Finally, Barclays lowered shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and raised their price objective for the company from $75.00 to $90.00 in a research report on Wednesday, July 24th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC grew its position in shares of BWX Technologies by 105.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,239 shares of the technology company’s stock worth $1,872,000 after buying an additional 9,344 shares during the period. AQR Capital Management LLC grew its holdings in BWX Technologies by 77.8% during the 2nd quarter. AQR Capital Management LLC now owns 132,263 shares of the technology company’s stock valued at $12,565,000 after buying an additional 57,879 shares in the last quarter. Bridges Investment Management Inc. grew its holdings in BWX Technologies by 76.3% during the 2nd quarter. Bridges Investment Management Inc. now owns 359,147 shares of the technology company’s stock valued at $34,119,000 after buying an additional 155,387 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. bought a new stake in BWX Technologies in the first quarter worth $1,144,000. Finally, Quantbot Technologies LP bought a new stake in BWX Technologies in the first quarter worth $1,096,000. 94.39% of the stock is owned by hedge funds and other institutional investors.

BWX Technologies Stock Up 0.5 %

Shares of NYSE BWXT opened at $117.71 on Wednesday. The company has a market capitalization of $10.76 billion, a P/E ratio of 42.49, a price-to-earnings-growth ratio of 3.84 and a beta of 0.71. BWX Technologies has a 52-week low of $72.42 and a 52-week high of $118.09. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.23 and a current ratio of 2.23. The company’s 50 day moving average price is $100.81 and its 200-day moving average price is $96.85.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings data on Monday, August 5th. The technology company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.06. BWX Technologies had a net margin of 10.29% and a return on equity of 31.93%. The firm had revenue of $681.50 million for the quarter, compared to the consensus estimate of $639.31 million. During the same quarter in the prior year, the company posted $0.65 earnings per share. The business’s revenue was up 11.3% on a year-over-year basis. Equities analysts forecast that BWX Technologies will post 3.2 earnings per share for the current year.

BWX Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Friday, August 16th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, August 16th. BWX Technologies’s payout ratio is 34.66%.

About BWX Technologies

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.