BWX Technologies, Inc. (NYSE:BWXT) Short Interest Update

BWX Technologies, Inc. (NYSE:BWXT) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 977,800 shares, an increase of 13.7% from the May 31st total of 860,100 shares. Approximately 1.1% of the company’s shares are short sold. Based on an average daily volume of 615,300 shares, the days-to-cover ratio is currently 1.6 days.

BWX Technologies Trading Up 0.5 %

BWXT stock traded up $0.46 during midday trading on Wednesday, hitting $94.73. The stock had a trading volume of 42,532 shares, compared to its average volume of 595,492. The firm has a market cap of $8.66 billion, a P/E ratio of 34.03, a price-to-earnings-growth ratio of 3.58 and a beta of 0.69. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.29. BWX Technologies has a 1-year low of $67.91 and a 1-year high of $107.18. The business has a fifty day moving average price of $91.42 and a two-hundred day moving average price of $90.04.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, May 6th. The technology company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.09. BWX Technologies had a net margin of 10.00% and a return on equity of 31.57%. The firm had revenue of $603.97 million for the quarter, compared to analyst estimates of $599.92 million. During the same quarter in the prior year, the business earned $0.70 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, sell-side analysts predict that BWX Technologies will post 3.18 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Friday, May 17th were issued a dividend of $0.24 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.96 annualized dividend and a dividend yield of 1.01%. BWX Technologies’s dividend payout ratio is currently 34.66%.

Analyst Ratings Changes

Several analysts recently weighed in on BWXT shares. CLSA started coverage on shares of BWX Technologies in a research note on Monday, June 3rd. They issued a “buy” rating on the stock. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Truist Financial reissued a “hold” rating and issued a $95.00 price objective (down previously from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. Bank of America boosted their price objective on shares of BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Finally, Janney Montgomery Scott began coverage on shares of BWX Technologies in a report on Thursday, June 27th. They issued a “buy” rating and a $113.00 target price on the stock. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $96.33.

Hedge Funds Weigh In On BWX Technologies

Several institutional investors have recently made changes to their positions in BWXT. Vanguard Group Inc. raised its holdings in shares of BWX Technologies by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 8,735,898 shares of the technology company’s stock worth $896,478,000 after acquiring an additional 58,680 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of BWX Technologies by 0.7% in the 4th quarter. Clearbridge Investments LLC now owns 1,357,980 shares of the technology company’s stock worth $104,198,000 after acquiring an additional 10,068 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of BWX Technologies by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,048,456 shares of the technology company’s stock worth $80,448,000 after acquiring an additional 7,782 shares during the last quarter. Frontier Capital Management Co. LLC raised its holdings in shares of BWX Technologies by 28.8% in the 4th quarter. Frontier Capital Management Co. LLC now owns 967,317 shares of the technology company’s stock worth $74,222,000 after acquiring an additional 216,525 shares during the last quarter. Finally, Fiera Capital Corp raised its holdings in shares of BWX Technologies by 1.4% in the 4th quarter. Fiera Capital Corp now owns 905,430 shares of the technology company’s stock worth $69,474,000 after acquiring an additional 12,593 shares during the last quarter. 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.