BWX Technologies, Inc. (NYSE:BWXT) Sees Large Growth in Short Interest

BWX Technologies, Inc. (NYSE:BWXT - Get Free Report) was the target of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 2,680,000 shares, a growth of 41.8% from the May 15th total of 1,890,000 shares. Based on an average daily trading volume, of 1,070,000 shares, the short-interest ratio is presently 2.5 days. Currently, 3.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. CLSA restated an "outperform" rating and set a $177.60 price objective (up from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. William Blair initiated coverage on BWX Technologies in a research report on Wednesday, May 28th. They set an "outperform" rating on the stock. Maxim Group dropped their price objective on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Finally, Bank of America cut their target price on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $129.84.

BWX Technologies Price Performance

BWXT stock traded up $1.50 during trading on Monday, reaching $139.57. 2,404,231 shares of the company were exchanged, compared to its average volume of 869,250. The company has a 50-day moving average of $114.52 and a two-hundred day moving average of $111.70. The company has a market capitalization of $12.75 billion, a price-to-earnings ratio of 46.21, a P/E/G ratio of 3.20 and a beta of 0.66. BWX Technologies has a twelve month low of $84.21 and a twelve month high of $145.28. 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 (NYSE:BWXT - Get Free Report) last posted its earnings results on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.73 by $0.18. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm had revenue of $682.26 million during the quarter, compared to the consensus estimate of $644.15 million. During the same period last year, the company earned $0.76 earnings per share. The business's quarterly revenue was up 13.0% on a year-over-year basis. As a group, equities analysts predict that BWX Technologies will post 3.23 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, June 5th. Stockholders of record on Monday, May 19th were given a dividend of $0.25 per share. The ex-dividend date was Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.72%. BWX Technologies's dividend payout ratio (DPR) is 31.85%.

Institutional Trading of BWX Technologies

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in BWX Technologies by 2.1% in the first quarter. Vanguard Group Inc. now owns 9,404,287 shares of the technology company's stock worth $927,733,000 after purchasing an additional 192,363 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted 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 in the last quarter. Demars Financial Group LLC grew its stake in shares of BWX Technologies by 9,309.0% in the 4th quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company's stock valued at $499,299,000 after buying an additional 4,434,799 shares during the period. Franklin Resources Inc. raised its stake in BWX Technologies by 8.5% during the 4th quarter. Franklin Resources Inc. now owns 2,315,671 shares of the technology company's stock worth $257,943,000 after buying an additional 182,311 shares during the period. 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 currently owned by institutional investors and hedge funds.

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.

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