BWX Technologies, Inc. (NYSE:BWXT) Sees Significant Drop in Short Interest

BWX Technologies, Inc. (NYSE:BWXT - Get Free Report) saw a significant decrease in short interest in March. As of March 31st, there was short interest totalling 889,300 shares, a decrease of 7.5% from the March 15th total of 961,200 shares. Based on an average trading volume of 591,700 shares, the short-interest ratio is currently 1.5 days. Currently, 1.0% of the shares of the company are sold short.

BWX Technologies Stock Performance

Shares of NYSE:BWXT traded down $0.20 during trading on Tuesday, hitting $93.65. 710,843 shares of the company were exchanged, compared to its average volume of 605,659. The company has a market cap of $8.56 billion, a PE ratio of 34.81, a P/E/G ratio of 3.01 and a beta of 0.73. The stock has a 50 day moving average of $96.59 and a 200 day moving average of $84.37. BWX Technologies has a 52-week low of $60.17 and a 52-week high of $107.18. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.18 and a quick ratio of 2.18.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its earnings results on Tuesday, February 27th. The technology company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.07. The firm had revenue of $725.52 million for the quarter, compared to the consensus estimate of $659.42 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 16.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.93 earnings per share. As a group, equities research analysts predict that BWX Technologies will post 3.14 EPS for the current year.

BWX Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 11th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Friday, March 8th. This is an increase from BWX Technologies's previous quarterly dividend of $0.23. BWX Technologies's dividend payout ratio (DPR) is 35.69%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Truist Financial reaffirmed a "hold" rating and issued a $95.00 target price (down from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. StockNews.com lowered BWX Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, March 12th. Finally, Bank of America increased their price objective on BWX Technologies from $82.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, March 28th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $89.00.

Institutional Investors Weigh In On BWX Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of BWX Technologies in the fourth quarter worth $25,000. Sunbelt Securities Inc. purchased a new stake in shares of BWX Technologies in the first quarter worth $25,000. GAMMA Investing LLC raised its position in shares of BWX Technologies by 77.6% in the first quarter. GAMMA Investing LLC now owns 270 shares of the technology company's stock worth $28,000 after buying an additional 118 shares in the last quarter. Toth Financial Advisory Corp raised its position in shares of BWX Technologies by 1,500.0% in the first quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company's stock worth $33,000 after buying an additional 300 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in shares of BWX Technologies in the first quarter worth $38,000. Hedge funds and other institutional investors own 94.39% of the company's stock.

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.