BWX Technologies (NYSE:BWXT) Reaches New 12-Month High - Should You Buy?

Key Points

• BWX Technologies' stock reached a new 52-week high of $190.01 before closing at $184.36, with a trading volume of 140,180 shares.
• Analysts have mixed ratings on the stock, with two recommending a Strong Buy, six a Buy, and three a Hold, resulting in a consensus rating of Moderate Buy and a price target of $160.83.
• The company reported earnings of $1.02 per share for the last quarter, exceeding expectations and highlighting a revenue growth of 12.1% year-over-year.

BWX Technologies, Inc. (NYSE:BWXT - Get Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as $190.01 and last traded at $184.36, with a volume of 140180 shares. The stock had previously closed at $187.18.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BWXT. Maxim Group reaffirmed a "hold" rating on shares of BWX Technologies in a research report on Wednesday, August 6th. Wedbush reaffirmed an "outperform" rating on shares of BWX Technologies in a report on Wednesday. Northland Capmk upgraded shares of BWX Technologies to a "strong-buy" rating in a report on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $150.00 price objective (up from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. Finally, William Blair reissued an "outperform" rating on shares of BWX Technologies in a report on Wednesday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $160.83.

BWX Technologies Stock Down 1.1%

The firm's 50 day simple moving average is $168.11 and its 200-day simple moving average is $135.98. The company has a market cap of $16.92 billion, a price-to-earnings ratio of 57.87, a P/E/G ratio of 4.18 and a beta of 0.78. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60.

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

BWX Technologies Announces Dividend

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

Insider Buying and Selling

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 directly owned 197,594 shares in the company, valued at $35,369,326. This trade represents a 11.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Omar Fathi Meguid sold 2,261 shares of the company's 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 transaction, the senior vice president owned 2,361 shares of the company's stock, valued at approximately $424,602.24. The trade was a 48.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,953 shares of company stock valued at $5,359,758 in the last quarter. 0.47% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BWX Technologies

Hedge funds have recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV raised its stake in shares of BWX Technologies by 250.0% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 175 shares of the technology company's stock worth $25,000 after buying an additional 125 shares in the last quarter. WFA of San Diego LLC purchased a new position in BWX Technologies in the second quarter worth $29,000. Hantz Financial Services Inc. lifted its holdings in BWX Technologies by 861.9% in the second quarter. Hantz Financial Services Inc. now owns 202 shares of the technology company's stock valued at $29,000 after acquiring an additional 181 shares during the period. Stone House Investment Management LLC purchased a new stake in shares of BWX Technologies during the 1st quarter worth $31,000. Finally, Compass Financial Services Inc acquired a new position in shares of BWX Technologies during the 1st quarter worth $33,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.