Brokerages Set BWX Technologies, Inc. (NYSE:BWXT) Price Target at $89.00

Shares of BWX Technologies, Inc. (NYSE:BWXT - Get Free Report) have been given a consensus rating of "Moderate Buy" by the seven brokerages that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $89.00.

A number of analysts have issued reports on the company. StockNews.com lowered BWX Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, March 12th. Truist Financial reiterated a "hold" rating and issued a $95.00 price objective (down previously from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. Finally, Bank of America raised their target price on BWX Technologies from $82.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, March 28th.

BWX Technologies Trading Down 0.6 %

Shares of BWX Technologies stock traded down $0.54 during trading hours on Wednesday, hitting $96.49. The company's stock had a trading volume of 936,666 shares, compared to its average volume of 598,614. The stock has a market cap of $8.82 billion, a price-to-earnings ratio of 35.87, a P/E/G ratio of 3.18 and a beta of 0.73. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.18 and a current ratio of 2.18. BWX Technologies has a twelve month low of $60.17 and a twelve month high of $107.18. The firm has a fifty day moving average of $95.68 and a 200-day moving average of $83.74.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The technology company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.07. BWX Technologies had a net margin of 9.85% and a return on equity of 32.38%. The firm had revenue of $725.52 million for the quarter, compared to analyst estimates of $659.42 million. During the same period in the previous year, the firm earned $0.93 EPS. BWX Technologies's revenue was up 16.2% on a year-over-year basis. Research analysts forecast that BWX Technologies will post 3.14 EPS for the current year.

BWX Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 11th were issued a dividend of $0.24 per share. This is an increase from BWX Technologies's previous quarterly dividend of $0.23. The ex-dividend date was Friday, March 8th. This represents a $0.96 annualized dividend and a yield of 0.99%. BWX Technologies's dividend payout ratio is 35.69%.

Institutional Trading of BWX Technologies

A number of large investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in BWX Technologies by 77.6% in the first quarter. GAMMA Investing LLC now owns 270 shares of the technology company's stock valued at $28,000 after buying an additional 118 shares during the last quarter. Stephens Inc. AR increased its holdings in shares of BWX Technologies by 0.9% in the 4th quarter. Stephens Inc. AR now owns 16,286 shares of the technology company's stock valued at $1,250,000 after acquiring an additional 151 shares during the last quarter. Cetera Investment Advisers raised its position in shares of BWX Technologies by 2.1% during the 1st quarter. Cetera Investment Advisers now owns 7,907 shares of the technology company's stock worth $498,000 after acquiring an additional 165 shares in the last quarter. Truist Financial Corp raised its position in shares of BWX Technologies by 3.1% during the 4th quarter. Truist Financial Corp now owns 6,177 shares of the technology company's stock worth $359,000 after acquiring an additional 188 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in BWX Technologies by 30.4% during the third quarter. Fifth Third Bancorp now owns 926 shares of the technology company's stock worth $69,000 after purchasing an additional 216 shares during 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.