BWX Technologies (NYSE:BWXT) Sets New 52-Week Low - Time to Sell?

BWX Technologies, Inc. (NYSE:BWXT - Get Free Report) reached a new 52-week low on Friday . The company traded as low as $86.70 and last traded at $89.80, with a volume of 230209 shares. The stock had previously closed at $95.42.

Wall Street Analysts Forecast Growth

Several research firms have commented on BWXT. Truist Financial increased their target price on BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a research report on Tuesday, January 14th. Maxim Group lifted their target price on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Seaport Res Ptn upgraded shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Bank of America decreased their price objective on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, March 26th. Finally, Barclays increased their price objective on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an "underweight" rating in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, BWX Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $124.38.

BWX Technologies Price Performance

The company has a market capitalization of $9.54 billion, a PE ratio of 34.57, a price-to-earnings-growth ratio of 3.20 and a beta of 0.67. 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 firm's 50-day moving average is $102.71 and its 200-day moving average is $114.15.

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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 the consensus estimate of $0.80 by $0.12. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The firm had revenue of $746.27 million for the quarter, compared to the consensus estimate of $653.16 million. Equities analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Tuesday, March 11th. This is a positive change from BWX Technologies's previous quarterly dividend of $0.24. BWX Technologies's payout ratio is 32.57%.

Insider Activity at BWX Technologies

In related news, SVP Robert L. Duffy sold 6,000 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total transaction of $624,180.00. Following the completion of the sale, the senior vice president now directly owns 3,206 shares in the company, valued at $333,520.18. This represents a 65.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Rex D. Geveden sold 45,625 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was 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 in the company, valued at $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. Insiders sold 53,625 shares of company stock worth $5,734,145 in the last ninety days. 0.47% of the stock is owned by company insiders.

Institutional Trading of BWX Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BWXT. Retirement Wealth Solutions LLC purchased a new position in shares of BWX Technologies during the 4th quarter worth approximately $30,000. Quarry LP boosted its stake in BWX Technologies by 93.6% during the 3rd quarter. Quarry LP now owns 271 shares of the technology company's stock valued at $29,000 after purchasing an additional 131 shares during the last quarter. HHM Wealth Advisors LLC lifted its holdings in shares of BWX Technologies by 45.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock valued at $32,000 after purchasing an additional 90 shares in the last quarter. Ameriflex Group Inc. bought a new position in BWX Technologies during the 4th quarter valued at about $34,000. Finally, Principal Securities Inc. grew its stake in shares of BWX Technologies by 40.4% in the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock worth $35,000 after acquiring an additional 91 shares during the period. Hedge funds and other institutional investors 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.