BWX Technologies Target of Unusually High Options Trading (NYSE:BWXT)

BWX Technologies, Inc. (NYSE:BWXT) was the target of unusually large options trading activity on Tuesday. Stock traders purchased 4,216 call options on the stock. Thisisanincreaseof311% compared to the typical daily volume of 1,025 call options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BWXT. Intrua Financial LLC raised its position in shares of BWX Technologies by 3.9% in the first quarter. Intrua Financial LLC now owns 2,625 shares of the technology company’s stock worth $259,000 after acquiring an additional 99 shares during the period. Utah Retirement Systems raised its position in shares of BWX Technologies by 2.1% in the fourth quarter. Utah Retirement Systems now owns 4,900 shares of the technology company’s stock worth $546,000 after acquiring an additional 100 shares during the period. HHM Wealth Advisors LLC raised its position in shares of BWX Technologies by 34.5% in the first quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company’s stock worth $38,000 after acquiring an additional 100 shares during the period. Oakworth Capital Inc. raised its position in shares of BWX Technologies by 10.0% in the second quarter. Oakworth Capital Inc. now owns 1,105 shares of the technology company’s stock worth $159,000 after acquiring an additional 100 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in shares of BWX Technologies by 0.4% in the second quarter. Louisiana State Employees Retirement System now owns 25,700 shares of the technology company’s stock worth $3,702,000 after acquiring an additional 100 shares during the period. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on BWXT. Truist Financial lifted their price target on shares of BWX Technologies from $114.00 to $145.00 and gave the stock a “hold” rating in a report on Tuesday. Wall Street Zen upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $150.00 price objective (up from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. Maxim Group lowered 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, CLSA reiterated an “outperform” rating and set a $177.60 price objective (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, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $142.37.

BWX Technologies Trading Up 17.5%

NYSE BWXT opened at $181.55 on Wednesday. The company has a market capitalization of $16.59 billion, a PE ratio of 56.73, a P/E/G ratio of 3.90 and a beta of 0.73. The company has a fifty day moving average of $140.58 and a 200 day moving average of $118.36. BWX Technologies has a 1 year low of $84.21 and a 1 year high of $189.25. 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 posted its earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.23. The company had revenue of $764.00 million during the quarter, compared to the consensus estimate of $708.00 million. BWX Technologies had a net margin of 10.28% and a return on equity of 31.34%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.82 earnings per share. Research analysts forecast that BWX Technologies will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Monday, August 18th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, August 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. BWX Technologies’s payout ratio is currently 31.85%.

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.