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

BWX Technologies, Inc. (NYSE:BWXT - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the nine brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $127.50.

BWXT has been the topic of several analyst reports. StockNews.com downgraded BWX Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. Barclays raised their price objective on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an "underweight" rating in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Bank of America raised their price objective on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Finally, Maxim Group raised their price objective on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, January 10th.

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Insider Buying and Selling

In related news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total value of $209,840.00. Following the completion of the transaction, the senior vice president now directly owns 9,904 shares of the company's stock, valued at $1,039,127.68. This trade represents a 16.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, 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 disclosure for this sale can be found here. 0.47% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BWXT. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of BWX Technologies by 3.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,276 shares of the technology company's stock valued at $791,000 after acquiring an additional 225 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of BWX Technologies by 79.4% during the third quarter. Harbor Capital Advisors Inc. now owns 127,491 shares of the technology company's stock valued at $13,858,000 after acquiring an additional 56,438 shares during the period. Van ECK Associates Corp lifted its holdings in shares of BWX Technologies by 49.7% during the third 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 during the period. QRG Capital Management Inc. bought a new position in shares of BWX Technologies during the third quarter valued at $240,000. Finally, Heritage Investors Management Corp acquired a new stake in shares of BWX Technologies in the third quarter valued at $229,000. 94.39% of the stock is owned by institutional investors.

BWX Technologies Stock Performance

BWXT stock traded down $0.27 during midday trading on Friday, hitting $101.23. 1,338,959 shares of the company traded hands, compared to its average volume of 712,419. BWX Technologies has a twelve month low of $86.70 and a twelve month high of $136.31. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. The business has a 50 day simple moving average of $112.72 and a 200-day simple moving average of $114.45. The stock has a market capitalization of $9.26 billion, a price-to-earnings ratio of 33.52, a price-to-earnings-growth ratio of 3.20 and a beta of 0.73.

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

BWX Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 11th will be given a $0.25 dividend. This is a boost from BWX Technologies's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 0.99%. The ex-dividend date is Tuesday, March 11th. BWX Technologies's dividend payout ratio (DPR) is 32.57%.

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.