Brokerages Set BWX Technologies, Inc. (NYSE:BWXT) Target Price at $122.43

BWX Technologies, Inc. (NYSE:BWXT) has been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $122.43.

A number of equities research analysts recently weighed in on the stock. Bank of America boosted their price objective on shares of BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft upped their target price on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price for the company in a research report on Tuesday, November 12th. Truist Financial upped their target price on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Finally, StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th.

BWX Technologies Stock Performance

Shares of BWXT stock opened at $132.89 on Thursday. BWX Technologies has a 12 month low of $74.69 and a 12 month high of $136.31. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The firm has a market capitalization of $12.15 billion, a P/E ratio of 44.00, a P/E/G ratio of 4.47 and a beta of 0.69. The company’s fifty day moving average price is $118.52 and its two-hundred day moving average price is $103.21.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.06. The company had revenue of $672.00 million during the quarter, compared to the consensus estimate of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company’s revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.67 EPS. On average, research analysts anticipate that BWX Technologies will post 3.23 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 Tuesday, December 10th. Investors of record on Tuesday, November 19th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Tuesday, November 19th. BWX Technologies’s dividend payout ratio is presently 31.79%.

Institutional Trading of BWX Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans lifted its position in shares of BWX Technologies by 1,121.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 578,068 shares of the technology company’s stock valued at $54,916,000 after acquiring an additional 530,749 shares in the last quarter. FMR LLC lifted its position in shares of BWX Technologies by 22.3% in the 3rd quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock valued at $190,721,000 after acquiring an additional 320,217 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of BWX Technologies by 49.7% in the 3rd quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock valued at $104,381,000 after acquiring an additional 318,598 shares in the last quarter. Sapient Capital LLC purchased a new stake in shares of BWX Technologies in the 2nd quarter valued at approximately $29,408,000. Finally, American Century Companies Inc. increased its stake in BWX Technologies by 37.9% in the 2nd quarter. American Century Companies Inc. now owns 738,542 shares of the technology company’s stock valued at $70,161,000 after buying an additional 203,067 shares during the period. 94.39% of the stock is owned by institutional investors and hedge funds.

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.