Analysts Set BWX Technologies, Inc. (NYSE:BWXT) Price Target at $124.38

Shares of BWX Technologies, Inc. (NYSE:BWXT - Get Free Report) have earned an average recommendation of "Moderate Buy" from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $124.38.

Several equities analysts have issued reports on the stock. Seaport Res Ptn upgraded shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Truist Financial lifted their target price on BWX Technologies from $106.00 to $114.00 and gave the stock a "hold" rating in a report on Tuesday, January 14th. Bank of America decreased their price target on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th. Finally, Maxim Group lifted their price objective on BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, January 10th.

BWX Technologies Price Performance

BWXT stock traded up $2.96 during mid-day trading on Friday, hitting $105.27. The stock had a trading volume of 380,042 shares, compared to its average volume of 783,225. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $9.62 billion, a P/E ratio of 34.86, a P/E/G ratio of 3.20 and a beta of 0.67. The firm has a fifty day simple moving average of $101.07 and a 200 day simple moving average of $113.66. BWX Technologies has a 52 week low of $84.21 and a 52 week high of $136.31.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.12. The company had revenue of $746.27 million during the quarter, compared to analysts' expectations of $653.16 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. As a group, research analysts forecast that BWX Technologies will post 3.23 EPS for the current year.

BWX Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.95%. This is a boost from BWX Technologies's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, March 11th. BWX Technologies's dividend payout ratio is presently 32.57%.

Insider Activity

In other BWX Technologies news, CEO Rex D. Geveden sold 45,625 shares of BWX Technologies stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $107.40, for a total value of $4,900,125.00. Following the completion of the sale, the chief executive officer now directly owns 218,218 shares of the company's stock, valued at approximately $23,436,613.20. The trade was a 17.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $104.92, for a total transaction of $209,840.00. Following the transaction, the senior vice president now owns 9,904 shares in the company, valued at $1,039,127.68. This represents a 16.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 53,625 shares of company stock worth $5,734,145 in the last quarter. 0.47% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BWX Technologies

A number of hedge funds have recently added to or reduced their stakes in BWXT. Morse Asset Management Inc acquired a new stake in BWX Technologies in the 3rd quarter valued at $92,000. Barclays PLC grew its holdings in shares of BWX Technologies by 59.8% during the third quarter. Barclays PLC now owns 64,525 shares of the technology company's stock valued at $7,014,000 after buying an additional 24,149 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of BWX Technologies during the third quarter worth about $529,000. Fulcrum Equity Management raised its holdings in shares of BWX Technologies by 4.0% in the 3rd quarter. Fulcrum Equity Management now owns 3,337 shares of the technology company's stock worth $363,000 after acquiring an additional 127 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in BWX Technologies in the 3rd quarter valued at about $230,000. 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.