BWX Technologies (NYSE:BWXT) Share Price Crosses Below 50 Day Moving Average - Here's Why

Shares of BWX Technologies, Inc. (NYSE:BWXT - Get Free Report) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $122.65 and traded as low as $110.81. BWX Technologies shares last traded at $111.48, with a volume of 449,252 shares.

Wall Street Analysts Forecast Growth

BWXT has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on BWX Technologies from $129.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Bank of America boosted 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. Barclays lifted their target price on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an "underweight" rating in a report on Monday, December 16th. Truist Financial boosted their target price on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. Finally, StockNews.com downgraded BWX Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $124.57.

BWX Technologies Stock Up 1.8 %

The stock has a market cap of $10.38 billion, a price-to-earnings ratio of 37.58, a PEG ratio of 4.12 and a beta of 0.70. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The firm's 50-day simple moving average is $122.46 and its two-hundred day simple moving average is $109.72.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.06. The company had revenue of $672.00 million during the quarter, compared to the consensus estimate of $658.84 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm's quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.67 earnings per share. On average, sell-side analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.85%. BWX Technologies's dividend payout ratio (DPR) is presently 31.79%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BWXT. Thrivent Financial for Lutherans increased its holdings in shares of BWX Technologies by 1,121.6% in the second 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 in the last quarter. FMR LLC grew its position in shares of BWX Technologies by 22.3% in the 3rd quarter. FMR LLC now owns 1,754,567 shares of the technology company's stock valued at $190,721,000 after purchasing an additional 320,217 shares during the period. Van ECK Associates Corp grew its position in shares of BWX Technologies by 49.7% in the 3rd quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company's stock valued at $104,381,000 after purchasing an additional 318,598 shares during the period. American Century Companies Inc. increased its stake in BWX Technologies by 37.9% during the 2nd quarter. American Century Companies Inc. now owns 738,542 shares of the technology company's stock worth $70,161,000 after purchasing an additional 203,067 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its holdings in BWX Technologies by 12.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,707,832 shares of the technology company's stock worth $162,244,000 after buying an additional 192,042 shares during the period. 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.