BWX Technologies (NYSE:BWXT) Price Target Raised to $230.00

BWX Technologies (NYSE:BWXT) had its price target raised by Bank of America from $220.00 to $230.00 in a research report released on Thursday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other research analysts have also commented on the company. BTIG Research upped their price target on BWX Technologies from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Northland Capmk raised BWX Technologies to a “strong-buy” rating in a research note on Tuesday, September 9th. Weiss Ratings upgraded shares of BWX Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, November 7th. Zacks Research upgraded shares of BWX Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Finally, Wall Street Zen raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $184.83.

BWX Technologies Trading Down 0.2%

Shares of BWX Technologies stock opened at $177.57 on Thursday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. BWX Technologies has a 1 year low of $84.21 and a 1 year high of $218.50. The firm has a market cap of $16.23 billion, a PE ratio of 55.49, a PEG ratio of 4.24 and a beta of 0.78. The company has a 50 day simple moving average of $190.10 and a two-hundred day simple moving average of $158.26.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, November 3rd. The technology company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.15. The business had revenue of $866.29 million during the quarter, compared to analyst estimates of $795.48 million. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.BWX Technologies’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. Analysts expect that BWX Technologies will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, November 19th. BWX Technologies’s dividend payout ratio is 30.03%.

Insider Transactions at BWX Technologies

In other news, CEO Rex D. Geveden sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $197.90, for a total value of $1,979,000.00. Following the transaction, the chief executive officer owned 187,594 shares in the company, valued at approximately $37,124,852.60. This represents a 5.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.47% of the company’s stock.

Institutional Investors Weigh In On BWX Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the company. ARK Investment Management LLC boosted its position in BWX Technologies by 426.5% in the 2nd quarter. ARK Investment Management LLC now owns 641,049 shares of the technology company’s stock valued at $92,350,000 after buying an additional 519,285 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of BWX Technologies by 7.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 46,409 shares of the technology company’s stock valued at $6,686,000 after acquiring an additional 3,087 shares during the period. PNC Financial Services Group Inc. grew its stake in BWX Technologies by 52.6% in the first quarter. PNC Financial Services Group Inc. now owns 11,460 shares of the technology company’s stock valued at $1,131,000 after purchasing an additional 3,950 shares during the last quarter. HB Wealth Management LLC bought a new position in shares of BWX Technologies during the 1st quarter worth approximately $353,000. Finally, Curi RMB Capital LLC increased its position in shares of BWX Technologies by 3.5% during the first quarter. Curi RMB Capital LLC now owns 70,384 shares of the technology company’s stock worth $6,943,000 after purchasing an additional 2,379 shares in the last quarter. Institutional investors own 94.39% of the company’s stock.

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.