BWX Technologies (NYSE:BWXT) Price Target Lowered to $110.00 at Deutsche Bank Aktiengesellschaft

BWX Technologies (NYSE:BWXT) had its price objective decreased by Deutsche Bank Aktiengesellschaft from $111.00 to $110.00 in a research report released on Tuesday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the technology company’s stock.

A number of other analysts have also issued reports on BWXT. Bank of America increased their target price on BWX Technologies from $82.00 to $115.00 and gave the company a buy rating in a report on Thursday, March 28th. Truist Financial reissued a hold rating and issued a $95.00 price objective (down from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. Finally, StockNews.com cut BWX Technologies from a buy rating to a hold rating in a research note on Tuesday, March 12th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $92.43.

BWX Technologies Trading Down 12.0 %

Shares of NYSE BWXT opened at $87.06 on Tuesday. The business has a fifty day simple moving average of $98.77 and a 200-day simple moving average of $86.32. The company has a market cap of $7.96 billion, a price-to-earnings ratio of 32.36, a P/E/G ratio of 3.10 and a beta of 0.75. BWX Technologies has a 12 month low of $60.17 and a 12 month high of $107.18. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.29.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, May 6th. The technology company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.67 by $0.09. BWX Technologies had a net margin of 9.85% and a return on equity of 32.38%. The company had revenue of $603.97 million during the quarter, compared to analysts’ expectations of $599.92 million. During the same period last year, the company posted $0.70 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. Sell-side analysts predict that BWX Technologies will post 3.14 EPS for the current year.

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Friday, May 17th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.10%. The ex-dividend date is Thursday, May 16th. BWX Technologies’s payout ratio is currently 35.69%.

Institutional Investors Weigh In On BWX Technologies

Several institutional investors have recently made changes to their positions in BWXT. Inspire Investing LLC raised its position in BWX Technologies by 67.8% during the first quarter. Inspire Investing LLC now owns 28,977 shares of the technology company’s stock valued at $2,974,000 after acquiring an additional 11,705 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new position in shares of BWX Technologies during the 1st quarter worth $271,000. Susquehanna Fundamental Investments LLC bought a new position in shares of BWX Technologies during the 1st quarter valued at $944,000. PFG Advisors acquired a new stake in shares of BWX Technologies in the 1st quarter valued at $1,031,000. Finally, Empowered Funds LLC bought a new stake in BWX Technologies in the first quarter worth $234,000. 94.39% of the stock is currently owned by institutional investors and hedge funds.

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.