BWX Technologies (NYSE:BWXT) Hits New 12-Month High – Time to Buy?

BWX Technologies, Inc. (NYSE:BWXT) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $118.74 and last traded at $118.68, with a volume of 107981 shares changing hands. The stock had previously closed at $116.82.

Analysts Set New Price Targets

A number of analysts have issued reports on BWXT shares. Janney Montgomery Scott started coverage on BWX Technologies in a research report on Thursday, June 27th. They issued a “buy” rating and a $113.00 target price on the stock. 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 objective on the stock. StockNews.com raised BWX Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Barclays lowered BWX Technologies from an “equal weight” rating to an “underweight” rating and upped their price objective for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on BWX Technologies from $113.00 to $129.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $104.86.

BWX Technologies Stock Up 1.3 %

The stock has a market cap of $10.73 billion, a PE ratio of 39.67, a price-to-earnings-growth ratio of 4.25 and a beta of 0.71. The firm has a fifty day moving average of $102.27 and a 200 day moving average of $97.33. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.21.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, August 5th. The technology company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.76 by $0.06. The firm had revenue of $681.50 million for the quarter, compared to analyst estimates of $639.31 million. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. BWX Technologies’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.65 earnings per share. On average, equities research analysts anticipate that BWX Technologies, Inc. will post 3.2 EPS 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 paid a $0.24 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.96 annualized dividend and a yield of 0.82%. BWX Technologies’s dividend payout ratio is presently 32.88%.

Institutional Investors Weigh In On BWX Technologies

Hedge funds have recently made changes to their positions in the business. Quent Capital LLC boosted its stake in shares of BWX Technologies by 146.6% during 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 period. UMB Bank n.a. boosted its stake in shares of BWX Technologies by 729.0% during the third quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock worth $28,000 after buying an additional 226 shares during the period. GAMMA Investing LLC boosted 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 buying an additional 118 shares during the period. Toth Financial Advisory Corp boosted its stake 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 worth $33,000 after buying an additional 300 shares during the period. Finally, Blue Trust Inc. lifted its position in BWX Technologies by 37.2% in the second quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock valued at $46,000 after purchasing an additional 121 shares during the period. 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.