BWX Technologies, Inc. (NYSE:BWXT) Short Interest Update

BWX Technologies, Inc. (NYSE:BWXT - Get Free Report) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 1,090,000 shares, an increase of 16.1% from the October 15th total of 938,900 shares. Approximately 1.2% of the company's shares are short sold. Based on an average daily volume of 730,700 shares, the days-to-cover ratio is presently 1.5 days.

Analyst Ratings Changes

A number of research firms have weighed in on BWXT. StockNews.com downgraded BWX Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. Truist Financial upped their price target on BWX Technologies from $95.00 to $106.00 and gave the stock a "hold" rating in a research note on Tuesday, November 5th. Barclays lowered BWX Technologies from an "equal weight" rating to an "underweight" rating and raised their price objective for the company from $75.00 to $90.00 in a research report on Wednesday, July 24th. Alembic Global Advisors raised shares of BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 target price on the stock in a research report on Tuesday. Finally, Bank of America increased their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, BWX Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $122.43.

BWX Technologies Stock Down 1.5 %

Shares of BWXT traded down $1.98 during trading hours on Friday, hitting $126.25. The company had a trading volume of 968,567 shares, compared to its average volume of 641,837. BWX Technologies has a 52-week low of $74.69 and a 52-week high of $136.31. The firm has a fifty day moving average price of $115.18 and a 200-day moving average price of $102.08. The stock has a market capitalization of $11.54 billion, a price-to-earnings ratio of 41.80, a P/E/G ratio of 4.82 and a beta of 0.69. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.06. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The business had revenue of $672.00 million during the quarter, compared to analysts' expectations of $658.84 million. During the same period in the previous year, the company earned $0.67 earnings per share. The business's revenue for the quarter was up 13.9% compared to the same quarter last year. On average, equities research analysts forecast that BWX Technologies will post 3.21 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Tuesday, November 19th. BWX Technologies's payout ratio is 31.79%.

Hedge Funds Weigh In On BWX Technologies

A number of hedge funds have recently bought and sold shares of the business. Bessemer Group Inc. boosted its holdings in shares of BWX Technologies by 11,107.7% in the first quarter. Bessemer Group Inc. now owns 834,973 shares of the technology company's stock worth $85,684,000 after buying an additional 827,523 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in BWX Technologies by 1,121.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 578,068 shares of the technology company's stock worth $54,916,000 after acquiring an additional 530,749 shares during the period. FMR LLC boosted its position in shares of BWX Technologies by 22.3% in the third quarter. FMR LLC now owns 1,754,567 shares of the technology company's stock worth $190,721,000 after purchasing an additional 320,217 shares during the period. Van ECK Associates Corp lifted its stake in shares of BWX Technologies by 49.7% during the 3rd quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company's stock valued at $104,381,000 after buying an additional 318,598 shares in the last quarter. Finally, Sapient Capital LLC bought a new position in BWX Technologies in the 2nd quarter worth $29,408,000. Hedge funds and other institutional investors own 94.39% of the company's stock.

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.