BWX Technologies (NYSE:BWXT) Lifted to “Buy” at StockNews.com

StockNews.com upgraded shares of BWX Technologies (NYSE:BWXT) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning.

A number of other equities research analysts have also recently weighed in on the company. Bank of America raised their price target on BWX Technologies from $82.00 to $115.00 and gave the company a buy rating in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft lowered their target price on BWX Technologies from $111.00 to $110.00 and set a buy rating for the company in a research note on Tuesday. Finally, Truist Financial reiterated a hold rating and set a $95.00 target price (down from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $92.43.

BWX Technologies Stock Performance

BWXT traded up $0.87 during midday trading on Wednesday, reaching $88.94. The company’s stock had a trading volume of 470,304 shares, compared to its average volume of 621,936. The stock has a market cap of $8.13 billion, a P/E ratio of 31.80, a PEG ratio of 3.10 and a beta of 0.75. The company has a fifty day simple moving average of $98.52 and a 200 day simple moving average of $86.33. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 1.29. BWX Technologies has a twelve month low of $60.17 and a twelve month high of $107.18.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, May 6th. The technology company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The company had revenue of $603.97 million during the quarter, compared to the consensus estimate of $599.92 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 6.3% on a year-over-year basis. During the same quarter last year, the company earned $0.70 EPS. Research analysts expect that BWX Technologies will post 3.14 earnings per share for the current year.

BWX Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.08%. BWX Technologies’s payout ratio is presently 34.66%.

Institutional Trading of BWX Technologies

Several institutional investors have recently modified their holdings of BWXT. Benjamin F. Edwards & Company Inc. bought a new stake in shares of BWX Technologies in the fourth quarter worth $25,000. Quent Capital LLC boosted its position in BWX Technologies by 147.6% during the first quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock valued at $26,000 after acquiring an additional 152 shares during the last quarter. GAMMA Investing LLC boosted its position in BWX Technologies by 77.6% during the first quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock valued at $28,000 after acquiring an additional 118 shares during the last quarter. Toth Financial Advisory Corp boosted its position in BWX Technologies by 1,500.0% during the first quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock valued at $33,000 after acquiring an additional 300 shares during the last quarter. Finally, SRS Capital Advisors Inc. boosted its position in BWX Technologies by 322.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 553 shares of the technology company’s stock valued at $42,000 after acquiring an additional 422 shares during the last quarter. Institutional investors own 94.39% of the company’s stock.

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.