BWX Technologies (NYSE:BWXT) Upgraded by StockNews.com to Buy

StockNews.com upgraded shares of BWX Technologies (NYSE:BWXT) from a hold rating to a buy rating in a report issued on Tuesday.

Several other analysts also recently commented on the stock. CLSA assumed coverage on shares of BWX Technologies in a research report on Monday, June 3rd. They issued a buy rating for the company. Deutsche Bank Aktiengesellschaft upped their target price on shares of BWX Technologies from $112.00 to $113.00 and gave the company a buy rating in a report on Tuesday. Barclays downgraded shares of BWX Technologies from an equal weight rating to an underweight rating and increased their target price for the stock from $75.00 to $90.00 in a research note on Wednesday, July 24th. BTIG Research assumed coverage on BWX Technologies in a research report on Wednesday, June 26th. They issued a buy rating and a $110.00 price target on the stock. Finally, Janney Montgomery Scott started coverage on BWX Technologies in a research report on Thursday, June 27th. They set a buy rating and a $113.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, BWX Technologies presently has an average rating of Moderate Buy and a consensus target price of $102.57.

BWX Technologies Stock Performance

Shares of BWXT stock opened at $97.56 on Tuesday. The stock’s 50-day moving average is $95.26 and its two-hundred day moving average is $93.77. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.24 and a current ratio of 2.24. BWX Technologies has a 1 year low of $70.21 and a 1 year high of $107.18. The firm has a market cap of $8.92 billion, a price-to-earnings ratio of 35.22, a PEG ratio of 3.65 and a beta of 0.68.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, August 5th. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. The firm had revenue of $681.50 million for the quarter, compared to the consensus estimate of $639.31 million. During the same quarter last year, the business posted $0.65 EPS. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. Analysts predict that BWX Technologies will post 3.19 earnings per share for the current year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 16th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Friday, August 16th. BWX Technologies’s payout ratio is 34.66%.

Institutional Trading of BWX Technologies

Hedge funds have recently modified their holdings of the business. Bessemer Group Inc. grew its holdings in BWX Technologies by 11,107.7% during the first quarter. Bessemer Group Inc. now owns 834,973 shares of the technology company’s stock worth $85,684,000 after acquiring an additional 827,523 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in shares of BWX Technologies during the 1st quarter worth $42,106,000. Sapient Capital LLC purchased a new position in shares of BWX Technologies in the 2nd quarter valued at about $29,408,000. Van ECK Associates Corp lifted its stake in shares of BWX Technologies by 79.1% in the second quarter. Van ECK Associates Corp now owns 641,671 shares of the technology company’s stock valued at $60,958,000 after purchasing an additional 283,472 shares during the period. Finally, Frontier Capital Management Co. LLC boosted its holdings in BWX Technologies by 28.8% during the fourth quarter. Frontier Capital Management Co. LLC now owns 967,317 shares of the technology company’s stock worth $74,222,000 after buying an additional 216,525 shares in the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

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.