BTIG Research Begins Coverage on BWX Technologies (NYSE:BWXT)

BTIG Research initiated coverage on shares of BWX Technologies (NYSE:BWXT) in a research report report published on Wednesday, MarketBeat.com reports. The firm issued a buy rating and a $110.00 price target on the technology company’s stock.

A number of other research firms have also issued reports on BWXT. Truist Financial reissued a hold rating and set a $95.00 price target (down from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. StockNews.com raised shares of BWX Technologies from a hold rating to a buy rating in a report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft cut their target price on shares of BWX Technologies from $110.00 to $107.00 and set a buy rating for the company in a report on Monday, June 10th. Bank of America lifted their price target on shares of BWX Technologies from $82.00 to $115.00 and gave the company a buy rating in a research note on Thursday, March 28th. Finally, CLSA started coverage on shares of BWX Technologies in a research note on Monday, June 3rd. They set a buy rating on the stock. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, BWX Technologies presently has a consensus rating of Moderate Buy and a consensus price target of $96.33.

BWX Technologies Stock Down 0.0 %

NYSE:BWXT opened at $94.95 on Wednesday. BWX Technologies has a fifty-two week low of $67.91 and a fifty-two week high of $107.18. The stock has a market capitalization of $8.68 billion, a P/E ratio of 34.28, a P/E/G ratio of 3.60 and a beta of 0.71. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.24 and a current ratio of 2.24. The company’s 50-day simple moving average is $91.38 and its 200-day simple moving average is $89.66.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, May 6th. The technology company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.67 by $0.09. The firm had revenue of $603.97 million during the quarter, compared to analyst estimates of $599.92 million. BWX Technologies had a net margin of 10.00% and a return on equity of 31.57%. BWX Technologies’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm posted $0.70 EPS. On average, equities analysts anticipate that BWX Technologies will post 3.19 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Friday, May 17th were issued a $0.24 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.96 annualized dividend and a yield of 1.01%. BWX Technologies’s dividend payout ratio (DPR) is currently 34.66%.

Institutional Trading of BWX Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James & Associates increased its stake in BWX Technologies by 4.2% during the fourth quarter. Raymond James & Associates now owns 368,827 shares of the technology company’s stock worth $28,300,000 after purchasing an additional 14,973 shares during the period. Jennison Associates LLC grew its position in shares of BWX Technologies by 24.1% during the fourth quarter. Jennison Associates LLC now owns 248,250 shares of the technology company’s stock worth $19,048,000 after buying an additional 48,170 shares in the last quarter. California Public Employees Retirement System boosted its holdings in BWX Technologies by 3.4% in the fourth quarter. California Public Employees Retirement System now owns 387,038 shares of the technology company’s stock valued at $29,697,000 after purchasing an additional 12,803 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. acquired a new position in BWX Technologies in the first quarter valued at approximately $1,144,000. Finally, Cantor Fitzgerald Investment Advisors L.P. acquired a new position in BWX Technologies in the fourth quarter valued at approximately $1,485,000. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

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.