BWX Technologies, Inc. (NYSE:BWXT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

BWX Technologies, Inc. (NYSE:BWXT) has earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $79.17.

Several equities analysts have recently commented on BWXT shares. StockNews.com started coverage on BWX Technologies in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Bank of America upped their price target on BWX Technologies from $75.00 to $80.00 and gave the company a “buy” rating in a report on Monday, August 7th. Truist Financial upped their price objective on BWX Technologies from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Monday, August 14th. Barclays increased their target price on BWX Technologies from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 8th. Finally, Robert W. Baird raised BWX Technologies from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $61.00 to $85.00 in a research note on Friday, August 4th.

Insider Activity at BWX Technologies

In other news, Director Robert L. Nardelli purchased 2,000 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were bought at an average cost of $71.23 per share, for a total transaction of $142,460.00. Following the completion of the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at $142,460. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Robert L. Nardelli acquired 2,000 shares of the business’s stock in a transaction dated Friday, August 18th. The shares were acquired at an average price of $71.23 per share, with a total value of $142,460.00. Following the completion of the transaction, the director now owns 2,000 shares of the company’s stock, valued at $142,460. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gerhard F. Burbach sold 1,000 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $74.07, for a total value of $74,070.00. Following the completion of the transaction, the director now directly owns 1,391 shares in the company, valued at approximately $103,031.37. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BWX Technologies

Hedge funds have recently made changes to their positions in the business. Bank Julius Baer & Co. Ltd Zurich lifted its position in BWX Technologies by 156,019.8% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 90,473,001 shares of the technology company’s stock valued at $6,475,153,000 after purchasing an additional 90,415,050 shares during the period. BlackRock Inc. lifted its position in BWX Technologies by 75.1% in the second quarter. BlackRock Inc. now owns 9,358,710 shares of the technology company’s stock valued at $669,803,000 after purchasing an additional 4,012,457 shares during the period. State Street Corp lifted its position in BWX Technologies by 40.2% in the second quarter. State Street Corp now owns 3,507,248 shares of the technology company’s stock valued at $251,014,000 after purchasing an additional 1,006,326 shares during the period. Fiera Capital Corp purchased a new position in BWX Technologies in the first quarter valued at about $43,218,000. Finally, Bank of America Corp DE increased its holdings in BWX Technologies by 154.6% in the first quarter. Bank of America Corp DE now owns 980,775 shares of the technology company’s stock valued at $61,828,000 after buying an additional 595,604 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.

BWX Technologies Stock Up 1.5 %

Shares of NYSE:BWXT opened at $73.71 on Tuesday. The company has a market capitalization of $6.74 billion, a PE ratio of 30.09, a price-to-earnings-growth ratio of 4.06 and a beta of 0.84. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.41 and a quick ratio of 2.41. The business has a fifty day moving average price of $70.89 and a two-hundred day moving average price of $65.94. BWX Technologies has a 1 year low of $49.13 and a 1 year high of $76.26.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The business had revenue of $612.40 million for the quarter, compared to analysts’ expectations of $558.25 million. BWX Technologies had a return on equity of 35.25% and a net margin of 9.63%. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.82 EPS. Analysts forecast that BWX Technologies will post 2.96 earnings per share for the current year.

BWX Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 17th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Wednesday, August 16th. BWX Technologies’s dividend payout ratio is presently 37.55%.

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; undertakes fabrication activities for missile launch tubes for U.S.