BWX Technologies (NYSE:BWXT) Hits New 52-Week High - Time to Buy?

Key Points

• BWX Technologies reached a new 52-week high trading at $195.60, reflecting a strong demand with over 1.33 million shares traded.
• Analysts have mixed views on BWX Technologies, with new price targets ranging from $145.00 to $220.00 and a consensus rating of "Moderate Buy."
• The company recently beat earnings expectations, reporting $1.02 earnings per share and a year-over-year revenue increase of 12.1%.

BWX Technologies, Inc. (NYSE:BWXT - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $195.60 and last traded at $191.76, with a volume of 1330404 shares changing hands. The stock had previously closed at $191.38.

Analysts Set New Price Targets

A number of brokerages have issued reports on BWXT. Maxim Group reissued a "hold" rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Bank of America boosted their target price on shares of BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Truist Financial set a $145.00 target price on shares of BWX Technologies and gave the stock a "hold" rating in a research report on Tuesday, August 5th. Wall Street Zen downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, William Blair restated an "outperform" rating on shares of BWX Technologies in a report on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, BWX Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $160.83.

BWX Technologies Stock Up 0.2%

The firm has a market cap of $17.53 billion, a P/E ratio of 59.92, a P/E/G ratio of 4.33 and a beta of 0.78. The business's fifty day moving average price is $171.39 and its two-hundred day moving average price is $138.70. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.23. The business had revenue of $764.00 million for the quarter, compared to the consensus estimate of $708.00 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. BWX Technologies's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.82 EPS. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. As a group, equities research analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 18th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, August 18th. BWX Technologies's dividend payout ratio (DPR) is 31.25%.

Insider Activity

In related news, CEO Rex D. Geveden sold 25,000 shares of BWX Technologies stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $179.00, for a total value of $4,475,000.00. Following the transaction, the chief executive officer owned 197,594 shares in the company, valued at $35,369,326. This trade represents a 11.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Omar Fathi Meguid sold 2,261 shares of BWX Technologies stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $179.84, for a total transaction of $406,618.24. Following the completion of the transaction, the senior vice president owned 2,361 shares in the company, valued at $424,602.24. This trade represents a 48.92% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,953 shares of company stock worth $5,359,758. Insiders own 0.47% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BWXT. Creative Financial Designs Inc. ADV raised its holdings in BWX Technologies by 250.0% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 175 shares of the technology company's stock worth $25,000 after acquiring an additional 125 shares during the period. Hantz Financial Services Inc. increased its holdings in shares of BWX Technologies by 861.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 202 shares of the technology company's stock worth $29,000 after purchasing an additional 181 shares during the period. WFA of San Diego LLC bought a new position in shares of BWX Technologies during the 2nd quarter worth about $29,000. Stone House Investment Management LLC bought a new position in shares of BWX Technologies during the 1st quarter worth about $31,000. Finally, Compass Financial Services Inc bought a new position in shares of BWX Technologies during the 1st quarter worth about $33,000. Institutional investors own 94.39% of the company's stock.

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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