BWX Technologies (NYSE:BWXT) Given New $177.60 Price Target at CLSA

BWX Technologies (NYSE:BWXT) had its target price upped by CLSA from $153.00 to $177.60 in a report issued on Tuesday morning,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

A number of other equities analysts also recently commented on the stock. Bank of America reduced their price objective on shares of BWX Technologies from $160.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, March 26th. Maxim Group reduced their price objective on shares of BWX Technologies from $140.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Finally, Seaport Res Ptn raised shares of BWX Technologies to a “strong-buy” rating in a research note on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $129.84.

BWX Technologies Stock Performance

BWX Technologies stock opened at $122.38 on Tuesday. The company has a 50 day moving average price of $105.26 and a 200-day moving average price of $111.70. 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 has a fifty-two week low of $84.21 and a fifty-two week high of $136.31. The company has a market capitalization of $11.18 billion, a PE ratio of 40.52, a P/E/G ratio of 3.20 and a beta of 0.66.

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, beating the consensus estimate of $0.73 by $0.18. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The firm had revenue of $682.26 million during the quarter, compared to the consensus estimate of $644.15 million. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The company’s revenue was up 13.0% on a year-over-year basis. As a group, equities analysts forecast that BWX Technologies will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Monday, May 19th. BWX Technologies’s dividend payout ratio is currently 31.85%.

Insiders Place Their Bets

In other BWX Technologies news, SVP Robert L. Duffy sold 6,000 shares of BWX Technologies stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total value of $624,180.00. Following the transaction, the senior vice president now directly owns 3,206 shares of the company’s stock, valued at approximately $333,520.18. The trade was a 65.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $104.92, for a total transaction of $209,840.00. Following the sale, the senior vice president now directly owns 9,904 shares in the company, valued at $1,039,127.68. This trade represents a 16.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company’s stock.

Institutional Investors Weigh In On BWX Technologies

Large investors have recently made changes to their positions in the stock. HHM Wealth Advisors LLC grew its holdings in shares of BWX Technologies by 45.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company’s stock valued at $32,000 after buying an additional 90 shares during the last quarter. Ameriflex Group Inc. purchased a new stake in shares of BWX Technologies during the fourth quarter valued at $34,000. Stone House Investment Management LLC purchased a new stake in shares of BWX Technologies during the first quarter valued at $31,000. Principal Securities Inc. grew its holdings in shares of BWX Technologies by 40.4% during the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company’s stock valued at $35,000 after buying an additional 91 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of BWX Technologies by 200.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company’s stock valued at $35,000 after buying an additional 236 shares during the last quarter. 94.39% of the stock is owned by hedge funds and other 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.