BWX Technologies, Inc. (NYSE:BWXT) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of BWX Technologies, Inc. (NYSE:BWXT - Get Free Report) have received an average rating of "Moderate Buy" from the ten research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $124.38.

Several brokerages have recently weighed in on BWXT. Bank of America reduced 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. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Maxim Group boosted their target price on shares of BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Finally, Truist Financial raised their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a "hold" rating in a research note on Tuesday, January 14th.

BWX Technologies Trading Up 1.7 %

Shares of NYSE:BWXT traded up $1.81 during trading on Friday, hitting $106.45. The company had a trading volume of 71,704 shares, compared to its average volume of 782,778. The stock has a market cap of $9.73 billion, a price-to-earnings ratio of 35.21, a price-to-earnings-growth ratio of 3.20 and a beta of 0.67. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The company has a fifty day simple moving average of $101.03 and a two-hundred day simple moving average of $113.60. BWX Technologies has a one year low of $84.21 and a one year high of $136.31.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.80 by $0.12. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company had revenue of $746.27 million during the quarter, compared to analyst estimates of $653.16 million. As a group, equities analysts forecast that BWX Technologies will post 3.23 earnings per share for the current year.

BWX Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.94%. This is a positive change from BWX Technologies's previous quarterly dividend of $0.24. BWX Technologies's dividend payout ratio is currently 32.57%.

Insider Buying and Selling at BWX Technologies

In related news, CEO Rex D. Geveden sold 45,625 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $107.40, for a total transaction of $4,900,125.00. Following the sale, the chief executive officer now owns 218,218 shares of the company's stock, valued at $23,436,613.20. This trade represents a 17.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $104.92, for a total transaction of $209,840.00. Following the completion of the transaction, the senior vice president now owns 9,904 shares of the company's stock, valued at $1,039,127.68. This represents a 16.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,625 shares of company stock valued at $5,734,145. 0.47% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BWX Technologies

Several institutional investors and hedge funds have recently bought and sold shares of BWXT. Vanguard Group Inc. boosted its position in shares of BWX Technologies by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 9,211,924 shares of the technology company's stock worth $1,026,116,000 after purchasing an additional 202,917 shares in the last quarter. Demars Financial Group LLC boosted its holdings in BWX Technologies by 9,309.0% in the fourth 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. Franklin Resources Inc. grew its stake in shares of BWX Technologies by 8.5% during the fourth quarter. Franklin Resources Inc. now owns 2,315,671 shares of the technology company's stock worth $257,943,000 after acquiring an additional 182,311 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of BWX Technologies by 46.7% during the fourth quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company's stock worth $156,919,000 after acquiring an additional 448,467 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of BWX Technologies by 19.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,379,779 shares of the technology company's stock valued at $153,694,000 after acquiring an additional 228,413 shares in the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

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.