BWX Technologies, Inc. (NYSE:BWXT) Receives $122.43 Average Price Target from Analysts

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

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

Hedge Funds Weigh In On BWX Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in BWXT. Avantax Advisory Services Inc. purchased a new stake in BWX Technologies in the first quarter worth approximately $281,000. Vanguard Group Inc. increased its holdings in shares of BWX Technologies by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 8,735,898 shares of the technology company’s stock worth $896,478,000 after buying an additional 58,680 shares during the last quarter. Shell Asset Management Co. bought a new stake in shares of BWX Technologies in the 1st quarter worth about $148,000. EntryPoint Capital LLC increased its holdings in shares of 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 buying an additional 438 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of BWX Technologies during the 1st quarter worth about $1,682,000. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Price Performance

Shares of NYSE BWXT opened at $130.55 on Thursday. The firm has a market cap of $11.94 billion, a P/E ratio of 43.23, a price-to-earnings-growth ratio of 4.37 and a beta of 0.69. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies has a 1-year low of $74.69 and a 1-year high of $136.31. The business’s 50 day moving average is $119.86 and its 200-day moving average is $104.02.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates 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 company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 EPS. Equities research analysts predict that BWX Technologies will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Tuesday, November 19th. BWX Technologies’s payout ratio is currently 31.79%.

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.