Brokerages Set BWX Technologies, Inc. (NYSE:BWXT) Price Target at $129.84

BWX Technologies, Inc. (NYSE:BWXT - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eleven brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $129.84.

BWXT has been the topic of a number of research reports. Bank of America lowered their price target on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, March 26th. Maxim Group lowered their price target on BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. William Blair initiated coverage on BWX Technologies in a report on Wednesday, May 28th. They set an "outperform" rating on the stock. CLSA reissued an "outperform" rating and set a $177.60 price target (up previously from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. Finally, Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st.

Institutional Investors Weigh In On BWX Technologies

Several institutional investors have recently modified their holdings of BWXT. Demars Financial Group LLC boosted its stake in shares of BWX Technologies by 9,309.0% during the 4th quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company's stock worth $499,299,000 after acquiring an additional 4,434,799 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of BWX Technologies by 19.7% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,503,679 shares of the technology company's stock worth $444,288,000 after purchasing an additional 741,282 shares during the last quarter. Westwood Holdings Group Inc. raised its position in shares of BWX Technologies by 279.0% during the 1st quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company's stock worth $94,562,000 after purchasing an additional 705,648 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of BWX Technologies during the 4th quarter worth approximately $69,730,000. Finally, Balyasny Asset Management L.P. raised its position in shares of BWX Technologies by 204.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 916,323 shares of the technology company's stock worth $102,069,000 after purchasing an additional 615,693 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

BWX Technologies Stock Performance

Shares of BWXT traded up $4.15 during midday trading on Monday, reaching $135.86. 1,436,508 shares of the stock were exchanged, compared to its average volume of 852,943. The business's 50-day moving average price is $111.73 and its 200 day moving average price is $111.81. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. BWX Technologies has a twelve month low of $84.21 and a twelve month high of $136.31. The company has a market capitalization of $12.41 billion, a price-to-earnings ratio of 44.99, a PEG ratio of 3.20 and a beta of 0.66.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its earnings results on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.18. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business had revenue of $682.26 million for the quarter, compared to analysts' expectations of $644.15 million. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The business's revenue was up 13.0% compared to the same quarter last year. On average, sell-side analysts expect that BWX Technologies will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Monday, May 19th. BWX Technologies's dividend payout ratio (DPR) is 31.85%.

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.