BWX Technologies, Inc. (NYSE:BWXT) Receives $92.00 Average Price Target from Analysts

Shares of BWX Technologies, Inc. (NYSE:BWXT) have earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $96.33.

Several equities analysts have recently commented on BWXT shares. Truist Financial reaffirmed a “hold” rating and set a $95.00 price target (down previously from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of BWX Technologies from $110.00 to $107.00 and set a “buy” rating on the stock in a research report on Monday, June 10th. BTIG Research started coverage on shares of BWX Technologies in a research report on Wednesday, June 26th. They set a “buy” rating and a $110.00 price target on the stock. Bank of America increased their price target on shares of BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Finally, CLSA started coverage on shares of BWX Technologies in a research report on Monday, June 3rd. They set a “buy” rating on the stock.

Hedge Funds Weigh In On BWX Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quent Capital LLC boosted its stake in BWX Technologies by 146.6% in the 1st quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock worth $26,000 after purchasing an additional 151 shares during the period. GAMMA Investing LLC boosted its stake in BWX Technologies by 77.6% in the 1st quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock worth $28,000 after purchasing an additional 118 shares during the period. Toth Financial Advisory Corp boosted its stake in BWX Technologies by 1,500.0% in the 1st quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock worth $33,000 after purchasing an additional 300 shares during the period. Benjamin F. Edwards & Company Inc. acquired a new position in BWX Technologies in the 4th quarter worth approximately $25,000. Finally, EntryPoint Capital LLC boosted its stake in BWX Technologies by 534.1% in the 1st quarter. EntryPoint Capital LLC now owns 520 shares of the technology company’s stock worth $53,000 after purchasing an additional 438 shares during the period. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Stock Performance

NYSE:BWXT opened at $95.00 on Monday. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.24 and a quick ratio of 2.24. The firm has a 50-day moving average of $91.38 and a two-hundred day moving average of $89.80. The stock has a market cap of $8.68 billion, a P/E ratio of 34.30, a PEG ratio of 3.58 and a beta of 0.71. BWX Technologies has a 1-year low of $67.91 and a 1-year high of $107.18.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, May 6th. The technology company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. The company had revenue of $603.97 million during the quarter, compared to analysts’ expectations of $599.92 million. BWX Technologies had a net margin of 10.00% and a return on equity of 31.57%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.70 EPS. On average, research analysts expect that BWX Technologies will post 3.18 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Friday, May 17th were given a $0.24 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.96 annualized dividend and a yield of 1.01%. BWX Technologies’s dividend payout ratio (DPR) is 34.66%.

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.