BWX Technologies, Inc. (NYSE:BWXT) Given Consensus Rating of “Moderate Buy” by Brokerages

BWX Technologies, Inc. (NYSE:BWXT) has earned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $89.00.

Several equities analysts recently commented on BWXT shares. StockNews.com cut BWX Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Truist Financial reissued a “hold” rating and set a $95.00 price objective (down previously from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. Finally, Bank of America raised their target price on shares of BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 28th.

BWX Technologies Trading Up 1.9 %

Shares of BWXT opened at $97.34 on Friday. BWX Technologies has a twelve month low of $60.17 and a twelve month high of $107.18. The stock has a market cap of $8.90 billion, a PE ratio of 36.19, a P/E/G ratio of 3.04 and a beta of 0.75. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.29. The business’s 50-day moving average price is $98.64 and its 200-day moving average price is $86.03.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Tuesday, February 27th. The technology company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.07. The business had revenue of $725.52 million for the quarter, compared to analyst estimates of $659.42 million. BWX Technologies had a net margin of 9.85% and a return on equity of 32.38%. BWX Technologies’s revenue was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 EPS. On average, equities analysts forecast that BWX Technologies will post 3.14 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 11th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, March 8th. This is an increase from BWX Technologies’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 0.99%. BWX Technologies’s dividend payout ratio (DPR) is 35.69%.

Institutional Trading of BWX Technologies

Several hedge funds have recently added to or reduced their stakes in BWXT. SG Americas Securities LLC boosted its stake in shares of BWX Technologies by 54.6% during the third quarter. SG Americas Securities LLC now owns 6,958 shares of the technology company’s stock valued at $522,000 after purchasing an additional 2,456 shares during the period. Commonwealth Equity Services LLC bought a new position in shares of BWX Technologies during the third quarter valued at approximately $220,000. Raymond James & Associates raised its holdings in shares of BWX Technologies by 3.6% during the third quarter. Raymond James & Associates now owns 353,854 shares of the technology company’s stock valued at $26,532,000 after acquiring an additional 12,430 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in BWX Technologies by 1.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 15,414 shares of the technology company’s stock worth $1,156,000 after acquiring an additional 250 shares during the period. Finally, Brown Advisory Inc. boosted its holdings in BWX Technologies by 4.1% in the third quarter. Brown Advisory Inc. now owns 14,801 shares of the technology company’s stock valued at $1,110,000 after acquiring an additional 589 shares in the last quarter. 94.39% of the stock is owned by institutional investors.

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.