BWX Technologies (NYSE:BWXT) Given New $140.00 Price Target at Maxim Group

BWX Technologies (NYSE:BWXT) had its price objective upped by Maxim Group from $138.00 to $140.00 in a report published on Friday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other brokerages have also weighed in on BWXT. Truist Financial boosted their price objective on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Alembic Global Advisors raised BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price for the company in a research note on Tuesday, November 12th. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Barclays boosted their price objective on BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.50.

BWX Technologies Stock Performance

NYSE BWXT opened at $114.78 on Friday. BWX Technologies has a 52-week low of $77.31 and a 52-week high of $136.31. The company has a fifty day moving average of $121.70 and a 200-day moving average of $110.33. The company has a market capitalization of $10.50 billion, a P/E ratio of 38.01, a P/E/G ratio of 4.12 and a beta of 0.73. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. The firm had revenue of $672.00 million during the quarter, compared to analysts’ expectations of $658.84 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.67 EPS. As a group, equities research analysts predict that BWX Technologies will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $0.96 annualized dividend and a dividend yield of 0.84%. BWX Technologies’s dividend payout ratio (DPR) is presently 31.79%.

Institutional Trading of BWX Technologies

Several large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in shares of BWX Technologies by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company’s stock worth $182,938,000 after purchasing an additional 26,130 shares during the period. Hilton Capital Management LLC bought a new stake in BWX Technologies during the 3rd quarter valued at approximately $2,237,000. AQR Capital Management LLC boosted its position 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 acquiring an additional 57,879 shares in the last quarter. Bullseye Asset Management LLC raised its position in shares of BWX Technologies by 39.5% in the 3rd quarter. Bullseye Asset Management LLC now owns 17,655 shares of the technology company’s stock worth $1,920,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Bridges Investment Management Inc. lifted its stake in shares of BWX Technologies by 76.3% in the 2nd quarter. Bridges Investment Management Inc. now owns 359,147 shares of the technology company’s stock valued at $34,119,000 after purchasing an additional 155,387 shares during the period. 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.