BWX Technologies (NYSE:BWXT) Price Target Increased to $113.00 by Analysts at Deutsche Bank Aktiengesellschaft

BWX Technologies (NYSE:BWXT) had its price target boosted by Deutsche Bank Aktiengesellschaft from $112.00 to $113.00 in a report released on Tuesday, Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

Several other analysts have also issued reports on the company. BTIG Research began coverage on BWX Technologies in a research note on Wednesday, June 26th. They issued a buy rating and a $110.00 target price for the company. Janney Montgomery Scott assumed coverage on shares of BWX Technologies in a report on Thursday, June 27th. They set a buy rating and a $113.00 target price on the stock. CLSA began coverage on shares of BWX Technologies in a research report on Monday, June 3rd. They issued a buy rating on the stock. Barclays lowered shares of BWX Technologies from an equal weight rating to an underweight rating and upped their price target for the company from $75.00 to $90.00 in a research report on Wednesday, July 24th. Finally, StockNews.com downgraded BWX Technologies from a buy rating to a hold rating in a report on Thursday, June 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $102.57.

BWX Technologies Price Performance

Shares of NYSE:BWXT opened at $97.56 on Tuesday. The company’s fifty day moving average price is $95.26 and its 200-day moving average price is $93.77. 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 firm has a market capitalization 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 has a one year low of $70.21 and a one year high of $107.18.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, August 5th. The technology company reported $0.82 EPS for the quarter, beating 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 business had revenue of $681.50 million for the quarter, compared to analysts’ expectations of $639.31 million. During the same quarter in the prior year, the firm earned $0.65 earnings per share. The firm’s revenue was up 11.3% on a year-over-year basis. On average, equities research analysts anticipate that BWX Technologies will post 3.19 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in 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 buying an additional 58,680 shares during the period. Clearbridge Investments LLC raised its holdings in shares of BWX Technologies by 0.7% during the fourth quarter. Clearbridge Investments LLC now owns 1,357,980 shares of the technology company’s stock valued at $104,198,000 after acquiring an additional 10,068 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in BWX Technologies by 0.7% in the fourth 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 period. Frontier Capital Management Co. LLC boosted its holdings in BWX Technologies by 28.8% in the fourth quarter. Frontier Capital Management Co. LLC now owns 967,317 shares of the technology company’s stock valued at $74,222,000 after acquiring an additional 216,525 shares in the last quarter. Finally, Fiera Capital Corp increased its position in BWX Technologies by 1.1% during the 2nd quarter. Fiera Capital Corp now owns 936,839 shares of the technology company’s stock valued at $89,000,000 after purchasing an additional 10,475 shares during the period. Hedge funds and other institutional investors 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.