BWX Technologies (NYSE:BWXT) Shares Gap Down on Analyst Downgrade

BWX Technologies, Inc. (NYSE:BWXT - Get Free Report) shares gapped down prior to trading on Tuesday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from $111.00 to $110.00. The stock had previously closed at $98.88, but opened at $92.68. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. BWX Technologies shares last traded at $92.75, with a volume of 74,734 shares traded.

A number of other research analysts also recently issued reports on BWXT. StockNews.com downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, March 12th. Bank of America increased their price target on BWX Technologies from $82.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, March 28th. Finally, Truist Financial restated a "hold" rating and issued a $95.00 price target (down from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, BWX Technologies has an average rating of "Moderate Buy" and a consensus target price of $92.43.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BWXT. Concurrent Investment Advisors LLC bought a new stake in shares of BWX Technologies during the first quarter worth $271,000. Susquehanna Fundamental Investments LLC acquired a new position in BWX Technologies in the 1st quarter worth $944,000. PFG Advisors bought a new position in BWX Technologies during the 1st quarter worth about $1,031,000. Empowered Funds LLC bought a new position in BWX Technologies during the 1st quarter worth about $234,000. Finally, Quantbot Technologies LP acquired a new stake in shares of BWX Technologies in the 1st quarter valued at about $1,096,000. 94.39% of the stock is owned by institutional investors and hedge funds.

BWX Technologies Trading Down 12.0 %

The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $7.96 billion, a P/E ratio of 32.30, a price-to-earnings-growth ratio of 3.10 and a beta of 0.75. The business has a fifty day moving average price of $98.82 and a 200 day moving average price of $86.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its earnings results on Monday, May 6th. The technology company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.67 by $0.09. The firm had revenue of $603.97 million for the quarter, compared to analysts' expectations of $599.92 million. BWX Technologies had a return on equity of 32.38% and a net margin of 9.85%. The business's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.70 EPS. On average, analysts expect that BWX Technologies, Inc. will post 3.14 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Friday, May 17th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Thursday, May 16th. BWX Technologies's dividend payout ratio (DPR) is currently 35.69%.

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.