BWX Technologies, Inc. (NYSE:BWXT) Receives $129.84 Consensus PT from Analysts

BWX Technologies, Inc. (NYSE:BWXT) has been given an average rating of “Moderate Buy” by the eleven brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $129.84.

A number of brokerages have issued reports on BWXT. CLSA reaffirmed an “outperform” rating and issued a $177.60 target price (up from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. Maxim Group dropped their price objective on BWX Technologies from $140.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Seaport Res Ptn upgraded BWX Technologies to a “strong-buy” rating in a research report on Tuesday, April 1st. William Blair started coverage on BWX Technologies in a research report on Wednesday, May 28th. They issued an “outperform” rating for the company. Finally, Bank of America cut their price target on BWX Technologies from $160.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, March 26th.

BWX Technologies Trading Up 0.2%

Shares of BWXT stock opened at $138.00 on Monday. The business’s fifty day moving average price is $113.59 and its 200 day moving average price is $111.90. The firm has a market capitalization of $12.61 billion, a PE ratio of 45.69, a P/E/G ratio of 3.20 and a beta of 0.66. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. BWX Technologies has a 1-year low of $84.21 and a 1-year high of $139.54.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.18. The business had revenue of $682.26 million for the quarter, compared to analysts’ expectations of $644.15 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 EPS. As a group, sell-side analysts forecast that BWX Technologies will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.00 annualized dividend and a dividend yield of 0.72%. BWX Technologies’s dividend payout ratio is currently 31.85%.

Institutional Trading of BWX Technologies

A number of large investors have recently made changes to their positions in BWXT. Stone House Investment Management LLC purchased a new position in BWX Technologies in the 1st quarter valued at about $31,000. Compass Financial Services Inc purchased a new position in shares of BWX Technologies during the first quarter valued at approximately $33,000. Ameriflex Group Inc. purchased a new position in shares of BWX Technologies during the fourth quarter valued at approximately $34,000. Principal Securities Inc. boosted its position in BWX Technologies by 40.4% during the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company’s stock worth $35,000 after acquiring an additional 91 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in BWX Technologies by 200.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company’s stock worth $35,000 after acquiring an additional 236 shares during the period. Institutional investors and hedge funds own 94.39% of the company’s stock.

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.