BWX Technologies, Inc. (NYSE:BWXT) Short Interest Down 8.7% in July

BWX Technologies, Inc. (NYSE:BWXT) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 1,050,000 shares, a decrease of 8.7% from the June 30th total of 1,150,000 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average daily volume of 555,000 shares, the short-interest ratio is presently 1.9 days.

Analysts Set New Price Targets

BWXT has been the subject of several recent analyst reports. Barclays cut shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and raised their target price for the stock from $75.00 to $90.00 in a report on Wednesday, July 24th. CLSA began coverage on shares of BWX Technologies in a research note on Monday, June 3rd. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on BWX Technologies from $110.00 to $107.00 and set a “buy” rating for the company in a research report on Monday, June 10th. BTIG Research started coverage on BWX Technologies in a research report on Wednesday, June 26th. They set a “buy” rating and a $110.00 price target on the stock. Finally, StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $98.00.

BWX Technologies Stock Down 0.9 %

BWXT traded down $0.92 during midday trading on Thursday, hitting $98.57. 479,032 shares of the company’s stock traded hands, compared to its average volume of 581,701. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.24 and a quick ratio of 2.24. The company has a market cap of $9.01 billion, a PE ratio of 35.58, a price-to-earnings-growth ratio of 3.62 and a beta of 0.69. BWX Technologies has a one year low of $68.15 and a one year high of $107.18. The stock’s fifty day simple moving average is $94.46 and its 200-day simple moving average is $93.21.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings data on Monday, May 6th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.09. The business had revenue of $603.97 million during the quarter, compared to analyst estimates of $599.92 million. BWX Technologies had a net margin of 10.00% and a return on equity of 31.57%. BWX Technologies’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.70 EPS. As a group, equities analysts anticipate that BWX Technologies will post 3.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BWX Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quent Capital LLC lifted its stake in shares of BWX Technologies by 146.6% in the first quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock worth $26,000 after buying an additional 151 shares during the last quarter. GAMMA Investing LLC boosted its holdings 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 period. Toth Financial Advisory Corp grew its position in shares of BWX Technologies by 1,500.0% in the first quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock valued at $33,000 after purchasing an additional 300 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new position in shares of BWX Technologies in the fourth quarter worth about $25,000. Finally, Blue Trust Inc. lifted its position in shares of BWX Technologies by 37.2% during the 2nd quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock worth $46,000 after purchasing an additional 121 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

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.