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

BWX Technologies, Inc. (NYSE:BWXT) has earned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $89.00.

BWXT has been the topic of a number of research reports. Truist Financial reaffirmed a “hold” rating and issued a $95.00 price target (down from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. Bank of America raised their price target on BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Finally, StockNews.com cut BWX Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th.

Hedge Funds Weigh In On BWX Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in BWXT. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of BWX Technologies in the 4th quarter valued at $25,000. Sunbelt Securities Inc. acquired a new stake in BWX Technologies during the 1st quarter valued at $25,000. GAMMA Investing LLC increased its holdings in BWX Technologies by 77.6% during the 1st quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock valued at $28,000 after purchasing an additional 118 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of BWX Technologies in the first quarter valued at $38,000. Finally, SRS Capital Advisors Inc. raised its holdings in shares of BWX Technologies by 322.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 553 shares of the technology company’s stock valued at $42,000 after buying an additional 422 shares during the last quarter. 94.39% of the stock is owned by institutional investors.

BWX Technologies Stock Performance

Shares of BWXT opened at $97.05 on Wednesday. BWX Technologies has a 52-week low of $60.17 and a 52-week high of $107.18. The firm has a market capitalization of $8.87 billion, a PE ratio of 36.08, a P/E/G ratio of 3.20 and a beta of 0.73. The firm has a 50-day moving average price of $95.38 and a 200 day moving average price of $83.66. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.29.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Tuesday, February 27th. The technology company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.07. The business had revenue of $725.52 million during the quarter, compared to analysts’ expectations of $659.42 million. BWX Technologies had a return on equity of 32.38% and a net margin of 9.85%. The company’s quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter last year, the business posted $0.93 earnings per share. On average, sell-side analysts anticipate that BWX Technologies will post 3.14 earnings per share 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 represents a $0.96 dividend on an annualized basis and a yield of 0.99%. This is an increase from BWX Technologies’s previous quarterly dividend of $0.23. BWX Technologies’s payout ratio is currently 35.69%.

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.