BWX Technologies, Inc. (NYSE:BWXT) Receives $104.86 Average Price Target from Brokerages

Shares of BWX Technologies, Inc. (NYSE:BWXT) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $108.67.

Several analysts have recently commented on BWXT shares. StockNews.com raised BWX Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Barclays downgraded shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and upped their price objective for the company from $75.00 to $90.00 in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on BWX Technologies from $113.00 to $129.00 and gave the company a “buy” rating in a report on Thursday, October 3rd.

Hedge Funds Weigh In On BWX Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in BWXT. Wealth Enhancement Advisory Services LLC raised its holdings in shares of BWX Technologies by 105.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,239 shares of the technology company’s stock worth $1,872,000 after acquiring an additional 9,344 shares in the last quarter. Toth Financial Advisory Corp raised its position in shares of BWX Technologies by 1,500.0% in the first quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock valued at $33,000 after purchasing an additional 300 shares during the period. Hennion & Walsh Asset Management Inc. bought a new stake in shares of BWX Technologies during the 1st quarter worth $506,000. Oak Thistle LLC acquired a new position in BWX Technologies in the 1st quarter valued at $397,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in BWX Technologies during the 1st quarter worth $42,106,000. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

BWX Technologies Stock Performance

NYSE BWXT opened at $122.58 on Friday. BWX Technologies has a twelve month low of $74.62 and a twelve month high of $128.00. The stock has a fifty day simple moving average of $110.45 and a 200-day simple moving average of $99.94. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.21. The stock has a market cap of $11.20 billion, a PE ratio of 41.98, a P/E/G ratio of 4.49 and a beta of 0.71.

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

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 16th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Friday, August 16th. BWX Technologies’s dividend payout ratio is presently 32.88%.

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.