BWX Technologies (NYSE:BWXT) Stock Price Expected to Rise, Maxim Group Analyst Says

BWX Technologies (NYSE:BWXT - Free Report) had its price objective upped by Maxim Group from $138.00 to $140.00 in a report issued on Friday morning,Benzinga reports. They currently have a buy rating on the technology company's stock.

A number of other equities research analysts have also recently commented on the stock. Bank of America lifted their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Barclays boosted their target price on shares of BWX Technologies from $90.00 to $105.00 and gave the company an "underweight" rating in a report on Monday, December 16th. 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 report on Tuesday, November 12th. StockNews.com cut shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. Finally, Truist Financial boosted their target price on shares of BWX Technologies from $95.00 to $106.00 and gave the company a "hold" rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $126.50.

BWX Technologies Stock Up 0.2 %

BWXT stock traded up $0.25 during mid-day trading on Friday, reaching $114.78. 544,143 shares of the company traded hands, compared to its average volume of 715,440. The stock has a market cap of $10.50 billion, a price-to-earnings ratio of 38.01, a P/E/G ratio of 4.12 and a beta of 0.73. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies has a fifty-two week low of $77.31 and a fifty-two week high of $136.31. The firm's 50 day moving average price is $121.70 and its 200 day moving average price is $110.33.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its earnings results on Monday, November 4th. The technology company reported $0.83 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 firm had revenue of $672.00 million for the quarter, compared to analysts' expectations of $658.84 million. During the same quarter last year, the firm earned $0.67 EPS. The company's quarterly revenue was up 13.9% compared to the same quarter last year. As a group, equities research analysts predict that BWX Technologies will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th were given a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $0.96 annualized dividend and a yield of 0.84%. BWX Technologies's dividend payout ratio (DPR) is 31.79%.

Hedge Funds Weigh In On BWX Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Stone House Investment Management LLC lifted its holdings in BWX Technologies by 76.2% in the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company's stock valued at $25,000 after purchasing an additional 99 shares in the last quarter. Quent Capital LLC lifted its holdings in BWX Technologies by 147.6% in the 3rd quarter. Quent Capital LLC now owns 255 shares of the technology company's stock valued at $28,000 after purchasing an additional 152 shares in the last quarter. UMB Bank n.a. lifted its holdings in BWX Technologies by 729.0% in the 3rd quarter. UMB Bank n.a. now owns 257 shares of the technology company's stock valued at $28,000 after purchasing an additional 226 shares in the last quarter. Quarry LP lifted its holdings in shares of BWX Technologies by 93.6% during the 3rd quarter. Quarry LP now owns 271 shares of the technology company's stock worth $29,000 after acquiring an additional 131 shares during the period. Finally, V Square Quantitative Management LLC purchased a new position in shares of BWX Technologies during the 3rd quarter worth about $31,000. 94.39% of the stock is owned by institutional investors and hedge funds.

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.