BWX Technologies, Inc. (NYSE:BWXT) Receives $102.57 Average Target Price from Brokerages

BWX Technologies, Inc. (NYSE:BWXT) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $102.57.

Several equities research analysts have commented on the stock. StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Barclays lowered BWX Technologies from an “equal weight” rating to an “underweight” rating and lifted their price target for the stock from $75.00 to $90.00 in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft upped their price objective on BWX Technologies from $112.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Janney Montgomery Scott initiated coverage on shares of BWX Technologies in a report on Thursday, June 27th. They issued a “buy” rating and a $113.00 price target on the stock. Finally, CLSA began coverage on shares of BWX Technologies in a report on Monday, June 3rd. They set a “buy” rating for the company.

Institutional Investors Weigh In On BWX Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. purchased a new position in shares of BWX Technologies in the fourth quarter valued at $25,000. Quent Capital LLC grew its holdings in BWX Technologies by 146.6% during the 1st quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock valued at $26,000 after buying an additional 151 shares in the last quarter. GAMMA Investing LLC increased its position in shares of 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 buying an additional 118 shares during the period. Toth Financial Advisory Corp increased its position in shares of BWX Technologies by 1,500.0% during the first quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock valued at $33,000 after buying an additional 300 shares during the period. Finally, SRS Capital Advisors Inc. lifted its holdings in shares of BWX Technologies by 322.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 553 shares of the technology company’s stock worth $42,000 after buying an additional 422 shares in the last quarter. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Stock Up 1.3 %

BWXT stock opened at $99.50 on Tuesday. The stock’s 50 day moving average is $96.15 and its 200-day moving average is $94.62. BWX Technologies has a twelve month low of $71.21 and a twelve month high of $107.18. The firm has a market capitalization of $9.10 billion, a PE ratio of 35.65, a P/E/G ratio of 3.65 and a beta of 0.68. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.29.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data 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. The firm had revenue of $681.50 million for the quarter, compared to the consensus estimate of $639.31 million. BWX Technologies had a net margin of 10.00% and a return on equity of 31.57%. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 EPS. Sell-side analysts expect that BWX Technologies will post 3.19 EPS for the current fiscal year.

BWX Technologies Announces Dividend

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

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.