BWX Technologies, Inc. (NYSE:BWXT) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of BWX Technologies, Inc. (NYSE:BWXT - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eight brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $122.43.

Several brokerages have weighed in on BWXT. Deutsche Bank Aktiengesellschaft raised their price target on BWX Technologies from $129.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. StockNews.com downgraded BWX Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th. Truist Financial lifted their price target on BWX Technologies from $95.00 to $106.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. Alembic Global Advisors raised BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 price objective on the stock in a report on Tuesday, November 12th. Finally, Barclays downgraded BWX Technologies from an "equal weight" rating to an "underweight" rating and lifted their target price for the stock from $75.00 to $90.00 in a report on Wednesday, July 24th.

BWX Technologies Stock Down 0.4 %

NYSE:BWXT opened at $129.77 on Thursday. 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 cap of $11.87 billion, a PE ratio of 42.97, a price-to-earnings-growth ratio of 4.23 and a beta of 0.69. The company has a 50-day moving average of $117.14 and a 200 day moving average of $102.76. BWX Technologies has a 1-year low of $74.69 and a 1-year high of $136.31.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its earnings results on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.06. The business 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 firm's revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 earnings per share. As a group, research analysts anticipate that BWX Technologies will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The company 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 $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Tuesday, November 19th. BWX Technologies's dividend payout ratio is currently 31.79%.

Institutional Trading of BWX Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stone House Investment Management LLC raised its position 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 worth $25,000 after acquiring an additional 99 shares during the period. Quent Capital LLC increased its stake in shares of BWX Technologies by 147.6% in the 3rd 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. raised its holdings in BWX Technologies by 729.0% in the 3rd quarter. UMB Bank n.a. now owns 257 shares of the technology company's stock worth $28,000 after purchasing an additional 226 shares during the period. Quarry LP boosted its position in BWX Technologies by 93.6% during the third quarter. Quarry LP now owns 271 shares of the technology company's stock worth $29,000 after purchasing an additional 131 shares in the last quarter. Finally, V Square Quantitative Management LLC acquired a new stake in BWX Technologies in the third quarter valued at approximately $31,000. 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.