BWX Technologies (NYSE:BWXT) Given New $105.00 Price Target at Barclays

BWX Technologies (NYSE:BWXT) had its target price lifted by Barclays from $90.00 to $105.00 in a research report released on Monday morning,Benzinga reports. They currently have an underweight rating on the technology company’s stock.

A number of other research firms have also weighed in on BWXT. Bank of America upped their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. StockNews.com downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Alembic Global Advisors raised BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target on the stock in a report on Tuesday, November 12th. Truist Financial boosted their price objective on BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BWX Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $124.57.

BWX Technologies Price Performance

Shares of BWX Technologies stock opened at $121.86 on Monday. The stock has a market cap of $11.14 billion, a P/E ratio of 40.35, a P/E/G ratio of 4.12 and a beta of 0.70. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The stock’s fifty day moving average is $124.86 and its 200 day moving average is $107.72. BWX Technologies has a one year low of $74.69 and a one year high of $136.31.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.77 by $0.06. The firm had revenue of $672.00 million for the quarter, compared to the consensus estimate of $658.84 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 earnings per share. Sell-side analysts anticipate that BWX Technologies will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.79%. BWX Technologies’s payout ratio is 31.79%.

Institutional Trading of BWX Technologies

Several hedge funds have recently modified their holdings of the company. Stone House Investment Management LLC grew its holdings in shares of BWX Technologies by 76.2% in the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock valued at $25,000 after purchasing an additional 99 shares in the last quarter. Quent Capital LLC raised its stake in BWX Technologies by 147.6% during the third quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock valued at $28,000 after purchasing an additional 152 shares in the last quarter. UMB Bank n.a. lifted its position in BWX Technologies by 729.0% during the third quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock valued at $28,000 after purchasing an additional 226 shares during the last quarter. Quarry LP increased its holdings in shares of BWX Technologies by 93.6% in the 3rd quarter. Quarry LP now owns 271 shares of the technology company’s stock worth $29,000 after buying an additional 131 shares during the last quarter. Finally, V Square Quantitative Management LLC purchased a new stake in shares of BWX Technologies during the 3rd quarter valued at about $31,000. 94.39% of the stock is owned by hedge funds and other institutional investors.

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.