BWX Technologies (NYSE:BWXT) Price Target Raised to $106.00

BWX Technologies (NYSE:BWXT) had its price target lifted by Truist Financial from $95.00 to $106.00 in a research note published on Tuesday,Benzinga reports. The firm currently has a hold rating on the technology company’s stock.

A number of other research firms have also recently weighed in on BWXT. StockNews.com raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Barclays cut shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and increased their price objective for the company from $75.00 to $90.00 in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of BWX Technologies from $113.00 to $129.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, BWX Technologies has an average rating of “Moderate Buy” and an average target price of $110.67.

BWX Technologies Stock Performance

NYSE:BWXT opened at $124.57 on Tuesday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.21. BWX Technologies has a fifty-two week low of $74.69 and a fifty-two week high of $128.00. The stock has a market cap of $11.39 billion, a PE ratio of 41.25, a price-to-earnings-growth ratio of 4.30 and a beta of 0.69. The firm’s fifty day simple moving average is $112.26 and its 200-day simple moving average is $100.89.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. BWX Technologies had a net margin of 10.32% and a return on equity of 32.78%. The business had revenue of $672.00 million for the quarter, compared to analysts’ expectations of $658.84 million. During the same period in the prior year, the company posted $0.67 EPS. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. Analysts expect that BWX Technologies will post 3.2 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.96 annualized dividend and a yield of 0.77%. BWX Technologies’s payout ratio is 31.79%.

Institutional Trading of BWX Technologies

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in BWX Technologies by 0.7% in the first quarter. Vanguard Group Inc. now owns 8,735,898 shares of the technology company’s stock valued at $896,478,000 after acquiring an additional 58,680 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of BWX Technologies by 12.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,707,832 shares of the technology company’s stock worth $162,244,000 after buying an additional 192,042 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of BWX Technologies by 6.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,343,076 shares of the technology company’s stock worth $127,593,000 after buying an additional 77,237 shares in the last quarter. Van ECK Associates Corp lifted its stake in BWX Technologies by 49.7% in the third quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock valued at $104,381,000 after buying an additional 318,598 shares during the last quarter. Finally, Fiera Capital Corp lifted its stake in BWX Technologies by 1.1% in the second quarter. Fiera Capital Corp now owns 936,839 shares of the technology company’s stock valued at $89,000,000 after buying an additional 10,475 shares during the last quarter. Institutional investors and hedge funds 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.