BWX Technologies (NYSE:BWXT) PT Raised to $129.00

BWX Technologies (NYSE:BWXT) had its price target boosted by Deutsche Bank Aktiengesellschaft from $113.00 to $129.00 in a research note published on Thursday, Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

A number of other equities analysts also recently commented on BWXT. Janney Montgomery Scott assumed coverage on shares of BWX Technologies in a research note on Thursday, June 27th. They set a buy rating and a $113.00 price objective for the company. BTIG Research started coverage on BWX Technologies in a research note on Wednesday, June 26th. They issued a buy rating and a $110.00 price target for the company. StockNews.com upgraded BWX Technologies from a hold rating to a buy rating in a research note on Tuesday, August 6th. Finally, Barclays cut 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 note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $104.86.

BWX Technologies Trading Up 0.5 %

NYSE BWXT opened at $117.71 on Thursday. BWX Technologies has a 52 week low of $72.42 and a 52 week high of $118.09. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.23 and a current ratio of 2.23. The stock’s 50 day moving average price is $100.81 and its two-hundred day moving average price is $96.87. The stock has a market capitalization of $10.76 billion, a price-to-earnings ratio of 42.49, a PEG ratio of 3.84 and a beta of 0.71.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, August 5th. The technology company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. BWX Technologies had a net margin of 10.29% and a return on equity of 31.93%. The business had revenue of $681.50 million for the quarter, compared to analyst estimates of $639.31 million. During the same quarter in the previous year, the firm posted $0.65 earnings per share. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. As a group, analysts anticipate that BWX Technologies will post 3.2 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, September 5th. Shareholders of record on Friday, August 16th were given a dividend of $0.24 per share. The ex-dividend date was Friday, August 16th. This represents a $0.96 dividend on an annualized basis and a yield of 0.82%. BWX Technologies’s dividend payout ratio (DPR) is 34.66%.

Institutional Trading of BWX Technologies

A number of hedge funds have recently modified their holdings of BWXT. Quent Capital LLC raised its holdings in BWX Technologies by 146.6% in the 1st quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock valued at $26,000 after acquiring an additional 151 shares during the period. GAMMA Investing LLC increased its stake 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 worth $28,000 after purchasing an additional 118 shares during the period. Toth Financial Advisory Corp boosted its stake in BWX Technologies by 1,500.0% in the 1st 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 period. Ashton Thomas Private Wealth LLC acquired a new position in BWX Technologies in the 2nd quarter valued at $45,000. Finally, Blue Trust Inc. increased its position in 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 buying an additional 121 shares during the period. Institutional investors and hedge funds own 94.39% of the company’s stock.

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.