StockNews.com Downgrades BWX Technologies (NYSE:BWXT) to Hold

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

BWXT has been the topic of a number of other research reports. Barclays downgraded shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and raised their target price for the company from $75.00 to $90.00 in a research report on Wednesday, July 24th. Truist Financial boosted their price objective on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, BWX Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $110.67.

BWX Technologies Stock Performance

BWX Technologies stock opened at $124.57 on Wednesday. BWX Technologies has a fifty-two week low of $74.69 and a fifty-two week high of $128.00. The company has a market capitalization of $11.39 billion, a PE ratio of 41.25, a P/E/G ratio of 4.24 and a beta of 0.69. The company has a 50 day moving average price of $112.26 and a 200-day moving average price of $100.94. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.23 and a current ratio of 2.25.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.06. The business had revenue of $672.00 million during the quarter, compared to analysts’ expectations of $658.84 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.67 EPS. As a group, equities analysts forecast that BWX Technologies will post 3.21 earnings per share for the current year.

BWX Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Tuesday, November 19th. BWX Technologies’s payout ratio is presently 31.79%.

Institutional Trading of BWX Technologies

A number of institutional investors have recently made changes to their positions in the business. Quent Capital LLC raised its stake in BWX Technologies by 147.6% in the third quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock valued at $28,000 after buying an additional 152 shares during the last quarter. UMB Bank n.a. raised its position in shares of BWX Technologies by 729.0% in the 3rd quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock valued at $28,000 after purchasing an additional 226 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of BWX Technologies in the 3rd quarter valued at approximately $31,000. GAMMA Investing LLC boosted its stake in BWX Technologies by 58.9% in the 2nd quarter. GAMMA Investing LLC now owns 429 shares of the technology company’s stock worth $41,000 after purchasing an additional 159 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in BWX Technologies during the 2nd quarter worth approximately $45,000. Institutional investors and hedge funds 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.