BWX Technologies (NYSE:BWXT) PT Set at $145.00 by Truist Financial

Key Points

• Truist Financial raised the price target for BWX Technologies from $114.00 to $145.00, while maintaining a "hold" rating, indicating a potential downside of 19.59% from the previous close.
• Analyst ratings for BWX Technologies include one sell, two hold, six buy, and one strong buy, with a consensus rating of "Moderate Buy" and a target price of $142.37.
• BWX Technologies reported earnings of $1.02 per share, surpassing estimates of $0.79, and its revenue grew by 12.1% compared to the previous year.

Truist Financial set a $145.00 price target on BWX Technologies (NYSE:BWXT - Free Report) in a report published on Tuesday, MarketBeat reports. The brokerage currently has a hold rating on the technology company's stock.

Several other research firms have also weighed in on BWXT. William Blair restated an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. Wall Street Zen raised shares of BWX Technologies from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Maxim Group cut their price target on BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $150.00 price target (up from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. Finally, CLSA reiterated an "outperform" rating and issued a $177.60 target price (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, BWX Technologies has an average rating of "Moderate Buy" and an average price target of $142.37.

BWX Technologies Price Performance

Shares of NYSE BWXT traded down $0.63 during midday trading on Tuesday, reaching $179.12. 352,019 shares of the company were exchanged, compared to its average volume of 1,122,293. The stock has a market cap of $16.37 billion, a P/E ratio of 55.93, a PEG ratio of 4.40 and a beta of 0.73. The stock's 50-day moving average price is $141.62 and its 200-day moving average price is $118.78. The company has a quick ratio of 1.91, a current ratio of 1.69 and a debt-to-equity ratio of 1.28. BWX Technologies has a one year low of $84.21 and a one year high of $189.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its earnings results on Monday, August 4th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.79 by $0.23. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%. The company had revenue of $764.00 million during the quarter, compared to the consensus estimate of $708.00 million. During the same period last year, the business posted $0.82 EPS. The firm's revenue for the quarter was up 12.1% compared to the same quarter last year. On average, sell-side analysts anticipate that BWX Technologies will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Monday, August 18th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, August 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. BWX Technologies's dividend payout ratio (DPR) is presently 31.25%.

Institutional Trading of BWX Technologies

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in BWX Technologies by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 9,404,287 shares of the technology company's stock worth $927,733,000 after acquiring an additional 192,363 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in 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 valued at $444,288,000 after purchasing an additional 741,282 shares during the last quarter. Demars Financial Group LLC raised its position in shares of BWX Technologies by 9,309.0% during the 4th quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company's stock valued at $499,299,000 after buying an additional 4,434,799 shares in the last quarter. Valeo Financial Advisors LLC grew its position in BWX Technologies by 33,572.0% in the second quarter. Valeo Financial Advisors LLC now owns 1,517,599 shares of the technology company's stock worth $2,228,000 after acquiring an additional 1,513,092 shares in the last quarter. Finally, William Blair Investment Management LLC raised its position in BWX Technologies by 523.2% during the second quarter. William Blair Investment Management LLC now owns 1,517,356 shares of the technology company's stock valued at $218,590,000 after purchasing an additional 1,273,895 shares during the period. Hedge funds and other 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.