Deutsche Bank Aktiengesellschaft Reiterates "Hold" Rating for BWX Technologies (NYSE:BWXT)

Deutsche Bank Aktiengesellschaft reaffirmed their hold rating on shares of BWX Technologies (NYSE:BWXT - Free Report) in a research note published on Tuesday morning, MarketBeat reports. Deutsche Bank Aktiengesellschaft currently has a $150.00 target price on the technology company's stock, up from their prior target price of $119.00.

A number of other equities research analysts also recently weighed in on the stock. Seaport Res Ptn upgraded shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Bank of America decreased their price objective on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, March 26th. Wall Street Zen cut shares of BWX Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. CLSA reissued an "outperform" rating and issued a $177.60 price objective (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Finally, Maxim Group decreased their price objective on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $137.94.

BWX Technologies Stock Performance

BWXT stock traded up $0.68 during mid-day trading on Tuesday, hitting $137.13. 614,327 shares of the company were exchanged, compared to its average volume of 928,612. The business has a 50 day simple moving average of $128.07 and a 200-day simple moving average of $114.49. 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 stock has a market capitalization of $12.53 billion, a PE ratio of 43.67, a price-to-earnings-growth ratio of 3.45 and a beta of 0.70. BWX Technologies has a 1-year low of $84.21 and a 1-year high of $145.33.

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

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.73%. BWX Technologies's payout ratio is presently 31.85%.

Institutional Trading of BWX Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of BWX Technologies by 2.1% during the first quarter. Vanguard Group Inc. now owns 9,404,287 shares of the technology company's stock worth $927,733,000 after buying an additional 192,363 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of BWX Technologies by 19.7% during the first quarter. T. Rowe Price Investment Management Inc. now owns 4,503,679 shares of the technology company's stock worth $444,288,000 after buying an additional 741,282 shares during the last quarter. Demars Financial Group LLC grew its stake in shares of BWX Technologies by 9,309.0% during the fourth quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company's stock worth $499,299,000 after buying an additional 4,434,799 shares during 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 buying an additional 182,311 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of BWX Technologies by 11.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,211,624 shares of the technology company's stock worth $119,522,000 after buying an additional 128,791 shares during 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.