BWX Technologies’ (BWXT) Outperform Rating Reaffirmed at William Blair

William Blair reiterated their outperform rating on shares of BWX Technologies (NYSE:BWXT) in a report issued on Wednesday morning,RTT News reports.

Several other equities research analysts have also recently commented on the company. Maxim Group lowered their target price 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. Bank of America lowered their target price 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. Seaport Res Ptn raised BWX Technologies to a “strong-buy” rating in a research note on Tuesday, April 1st. Finally, CLSA reissued an “outperform” rating and issued a $177.60 target price (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, BWX Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $129.84.

BWX Technologies Trading Down 0.6%

BWXT stock opened at $140.28 on Wednesday. The business has a fifty day moving average price of $115.97 and a 200 day moving average price of $112.10. BWX Technologies has a fifty-two week low of $84.21 and a fifty-two week high of $145.33. The stock has a market capitalization of $12.82 billion, a price-to-earnings ratio of 44.68, a P/E/G ratio of 3.55 and a beta of 0.66. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.02 and a quick ratio of 1.91.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.18. BWX Technologies had a return on equity of 30.26% and a net margin of 10.39%. The firm had revenue of $682.26 million during the quarter, compared to analysts’ expectations of $644.15 million. During the same period last year, the firm posted $0.76 EPS. The business’s revenue was up 13.0% on a year-over-year basis. Analysts expect that BWX Technologies will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, May 19th. This represents a $1.00 annualized dividend and a yield of 0.71%. BWX Technologies’s dividend payout ratio is presently 31.85%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BWXT. Demars Financial Group LLC grew its holdings in shares of BWX Technologies by 9,309.0% during the fourth quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company’s stock worth $499,299,000 after buying an additional 4,434,799 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of BWX Technologies by 19.7% during the first quarter. T. Rowe Price Investment Management Inc. now owns 4,503,679 shares of the technology company’s stock worth $444,288,000 after buying an additional 741,282 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in shares of BWX Technologies by 279.0% during the first quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company’s stock worth $94,562,000 after buying an additional 705,648 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of BWX Technologies during the fourth quarter worth about $69,730,000. Finally, Balyasny Asset Management L.P. grew its holdings in shares of BWX Technologies by 204.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 916,323 shares of the technology company’s stock worth $102,069,000 after buying an additional 615,693 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.

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.