BWX Technologies, Inc. (NYSE:BWXT) Receives $92.00 Consensus Price Target from Analysts

Shares of BWX Technologies, Inc. (NYSE:BWXT) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $96.33.

A number of equities analysts recently commented on BWXT shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of BWX Technologies from $110.00 to $107.00 and set a “buy” rating on the stock in a research report on Monday, June 10th. BTIG Research started coverage on shares of BWX Technologies in a research report on Wednesday, June 26th. They set a “buy” rating and a $110.00 price target on the stock. StockNews.com lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Thursday. Janney Montgomery Scott assumed coverage on shares of BWX Technologies in a report on Thursday. They issued a “buy” rating and a $113.00 target price on the stock. Finally, CLSA assumed coverage on shares of BWX Technologies in a report on Monday, June 3rd. They issued a “buy” rating on the stock.

Institutional Investors Weigh In On BWX Technologies

Hedge funds have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of BWX Technologies in the 4th quarter valued at approximately $25,000. Quent Capital LLC boosted its position in BWX Technologies by 146.6% during the 1st quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock worth $26,000 after buying an additional 151 shares during the period. GAMMA Investing LLC boosted its position in BWX Technologies by 77.6% during the 1st quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock worth $28,000 after buying an additional 118 shares during the period. Toth Financial Advisory Corp boosted its position in BWX Technologies by 1,500.0% during the 1st quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock worth $33,000 after buying an additional 300 shares during the period. Finally, SRS Capital Advisors Inc. boosted its position in BWX Technologies by 322.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 553 shares of the technology company’s stock worth $42,000 after buying an additional 422 shares during the period. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Price Performance

Shares of BWXT opened at $95.00 on Monday. The firm has a market capitalization of $8.68 billion, a PE ratio of 34.30, a PEG ratio of 3.58 and a beta of 0.71. The company’s 50-day moving average is $91.38 and its 200-day moving average is $89.80. BWX Technologies has a fifty-two week low of $67.91 and a fifty-two week high of $107.18. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.24 and a quick ratio of 2.24.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, May 6th. The technology company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. BWX Technologies had a net margin of 10.00% and a return on equity of 31.57%. The business had revenue of $603.97 million for the quarter, compared to analyst estimates of $599.92 million. During the same period last year, the firm earned $0.70 earnings per share. BWX Technologies’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities analysts forecast that BWX Technologies will post 3.18 EPS for the current year.

BWX Technologies Announces Dividend

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

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.