BWX Technologies (NYSE:BWXT) Rating Lowered to "Hold" at Wall Street Zen

Wall Street Zen downgraded shares of BWX Technologies (NYSE:BWXT - Free Report) from a buy rating to a hold rating in a research report sent to investors on Saturday.

A number of other equities research analysts have also weighed in on BWXT. Bank of America lowered their target price on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. CLSA reissued an "outperform" rating and set a $177.60 price objective (up previously from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. Finally, Maxim Group dropped their price target on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $129.84.

BWX Technologies Price Performance

Shares of BWXT traded up $0.33 during midday trading on Friday, reaching $142.39. The stock had a trading volume of 1,126,688 shares, compared to its average volume of 891,774. The company has a current ratio of 2.02, a quick ratio of 1.91 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $13.01 billion, a price-to-earnings ratio of 45.35, a price-to-earnings-growth ratio of 3.58 and a beta of 0.66. The company's 50-day moving average is $118.30 and its 200 day moving average is $112.15. BWX Technologies has a 12-month low of $84.21 and a 12-month high of $145.33.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.73 by $0.18. BWX Technologies had a net margin of 10.39% and a return on equity of 30.26%. The firm had revenue of $682.26 million for the quarter, compared to the consensus estimate of $644.15 million. During the same period last year, the firm posted $0.76 earnings per share. The business's revenue was up 13.0% compared to the same quarter last year. On average, equities analysts predict that BWX Technologies will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a $0.25 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a yield of 0.70%. BWX Technologies's dividend payout ratio (DPR) is 31.85%.

Institutional Trading of BWX Technologies

A number of hedge funds have recently modified their holdings of BWXT. Stone House Investment Management LLC bought a new position in BWX Technologies in the 1st quarter worth about $31,000. Compass Financial Services Inc bought a new position in shares of BWX Technologies in the first quarter worth approximately $33,000. Ameriflex Group Inc. purchased a new stake in shares of BWX Technologies during the fourth quarter valued at approximately $34,000. Principal Securities Inc. increased its position in shares of BWX Technologies by 40.4% during the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock valued at $35,000 after acquiring an additional 91 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in BWX Technologies by 200.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock valued at $35,000 after acquiring an additional 236 shares in the last quarter. Institutional investors 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.