BWX Technologies (NYSE:BWXT) Earns "Hold" Rating from Deutsche Bank Aktiengesellschaft

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

Several other brokerages have also recently commented on BWXT. Wall Street Zen cut BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. CLSA reaffirmed an "outperform" rating and issued a $177.60 price target (up previously from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Bank of America dropped 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. Finally, Maxim Group dropped 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. One equities 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 given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $137.94.

BWX Technologies Trading Up 0.5%

Shares of BWXT traded up $0.62 during trading hours on Tuesday, hitting $137.99. The stock had a trading volume of 202,300 shares, compared to its average volume of 1,104,403. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.91 and a current ratio of 2.02. The firm has a market cap of $12.61 billion, a P/E ratio of 43.95, a P/E/G ratio of 3.62 and a beta of 0.70. The company's fifty day simple moving average is $126.51 and its 200 day simple moving average is $113.99. 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 announced its earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.18. The company had revenue of $682.26 million during the quarter, compared to the consensus estimate of $644.15 million. BWX Technologies had a return on equity of 30.26% and a net margin of 10.39%. The company's revenue was up 13.0% on a year-over-year basis. During the same period last year, the firm earned $0.76 earnings per share. Equities research analysts forecast that BWX Technologies will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Monday, May 19th. BWX Technologies's payout ratio is 31.85%.

Hedge Funds Weigh In On BWX Technologies

Several institutional investors and hedge funds have recently made changes to their positions in BWXT. Jones Financial Companies Lllp grew its holdings in shares of BWX Technologies by 32.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,825 shares of the technology company's stock valued at $203,000 after buying an additional 448 shares during the period. SBI Securities Co. Ltd. acquired a new position in BWX Technologies in the 4th quarter worth $58,000. Atria Investments Inc boosted its stake in BWX Technologies by 4.0% in the 4th quarter. Atria Investments Inc now owns 6,013 shares of the technology company's stock worth $670,000 after purchasing an additional 232 shares during the period. Proficio Capital Partners LLC acquired a new position in BWX Technologies in the 4th quarter worth $1,687,000. Finally, PNC Financial Services Group Inc. boosted its stake in BWX Technologies by 11.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,510 shares of the technology company's stock worth $837,000 after purchasing an additional 756 shares during the period. Institutional investors and hedge funds 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.