BWX Technologies (NYSE:BWXT) Price Target Raised to $106.00 at Truist Financial

BWX Technologies (NYSE:BWXT - Free Report) had its target price lifted by Truist Financial from $95.00 to $106.00 in a report released on Tuesday morning, Benzinga reports. They currently have a hold rating on the technology company's stock.

Several other equities research analysts also recently commented on BWXT. StockNews.com raised shares of BWX Technologies from a "hold" rating to a "buy" rating in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of BWX Technologies from $113.00 to $129.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. Finally, Barclays cut BWX Technologies from an "equal weight" rating to an "underweight" rating and boosted their target price for the company from $75.00 to $90.00 in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $110.50.

BWX Technologies Price Performance

Shares of NYSE:BWXT traded down $2.71 during midday trading on Tuesday, reaching $116.97. The company's stock had a trading volume of 1,950,057 shares, compared to its average volume of 621,322. The business's fifty day simple moving average is $110.82 and its 200-day simple moving average is $100.22. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.23 and a quick ratio of 2.23. BWX Technologies has a fifty-two week low of $74.62 and a fifty-two week high of $128.00. The company has a market capitalization of $10.69 billion, a P/E ratio of 38.58, a P/E/G ratio of 4.41 and a beta of 0.69.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.06. The firm had revenue of $672.00 million during the quarter, compared to analysts' expectations of $658.84 million. BWX Technologies had a net margin of 10.29% and a return on equity of 31.93%. The company's quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.67 EPS. As a group, equities research analysts expect that BWX Technologies will post 3.2 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Tuesday, November 19th. BWX Technologies's payout ratio is presently 31.79%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Quent Capital LLC lifted its position in BWX Technologies by 147.6% during the third quarter. Quent Capital LLC now owns 255 shares of the technology company's stock worth $28,000 after acquiring an additional 152 shares during the last quarter. UMB Bank n.a. increased its position in BWX Technologies by 729.0% during the 3rd quarter. UMB Bank n.a. now owns 257 shares of the technology company's stock worth $28,000 after buying an additional 226 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of BWX Technologies during the third quarter worth $31,000. GAMMA Investing LLC boosted its position in shares of BWX Technologies by 58.9% in the second quarter. GAMMA Investing LLC now owns 429 shares of the technology company's stock valued at $41,000 after acquiring an additional 159 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of BWX Technologies in the second quarter valued at about $45,000. 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.