BWX Technologies (NYSE:BWXT) Sets New 1-Year High - Here's What Happened

Key Points

• BWX Technologies reached a new 52-week high of $146.31 during trading, with shares last changing hands at $145.12.
• Wall Street analysts have given BWX Technologies an overall consensus rating of "Moderate Buy", with an average target price of $137.94.
• The company reported strong quarterly earnings, exceeding estimates with an EPS of $0.91 and a revenue of $682.26 million.
• BWX Technologies also declared a quarterly dividend of $0.25 per share, representing an annualized dividend yield of 0.69%.

BWX Technologies, Inc. (NYSE:BWXT - Get Free Report)'s stock price reached a new 52-week high during trading on Friday . The company traded as high as $146.31 and last traded at $145.12, with a volume of 147985 shares traded. The stock had previously closed at $143.84.

Analyst Ratings Changes

Several analysts have recently issued reports on BWXT shares. Wall Street Zen raised BWX Technologies from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Maxim Group decreased their target price on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. William Blair restated an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $150.00 target price (up previously from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. Finally, Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, BWX Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $137.94.

BWX Technologies Stock Up 2.8%

The company has a market cap of $13.51 billion, a P/E ratio of 47.10, a price-to-earnings-growth ratio of 3.74 and a beta of 0.70. 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 business's fifty day moving average is $134.72 and its two-hundred day moving average is $116.50.

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

BWX Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Monday, May 19th. BWX Technologies's dividend payout ratio (DPR) is presently 31.85%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BWXT. Stone House Investment Management LLC acquired a new position in shares of BWX Technologies during the first quarter worth $31,000. Compass Financial Services Inc acquired a new position in BWX Technologies during the 1st quarter valued at about $33,000. Ameriflex Group Inc. purchased a new stake in BWX Technologies in the fourth quarter valued at about $34,000. MassMutual Private Wealth & Trust FSB raised its stake in BWX Technologies by 200.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock valued at $35,000 after buying an additional 236 shares during the last quarter. Finally, HHM Wealth Advisors LLC boosted its holdings in BWX Technologies by 34.5% in the first quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock worth $38,000 after acquiring an additional 100 shares in the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

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.