BTIG Research Initiates Coverage on BWX Technologies (NYSE:BWXT)

BTIG Research started coverage on shares of BWX Technologies (NYSE:BWXT) in a research report sent to investors on Wednesday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $110.00 price target on the technology company’s stock.

BWXT has been the topic of several other reports. Bank of America upped their price objective on shares of BWX Technologies from $82.00 to $115.00 and gave the company a buy rating in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of BWX Technologies from $110.00 to $107.00 and set a buy rating on the stock in a report on Monday, June 10th. CLSA started coverage on shares of BWX Technologies in a report on Monday, June 3rd. They issued a buy rating on the stock. StockNews.com upgraded shares of BWX Technologies from a hold rating to a buy rating in a research note on Wednesday, May 8th. Finally, Truist Financial reiterated a hold rating and issued a $95.00 target price (down from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $96.33.

BWX Technologies Stock Up 0.0 %

NYSE:BWXT opened at $95.00 on Wednesday. The company’s 50 day moving average is $91.38 and its two-hundred day moving average is $89.73. The company has a market cap of $8.68 billion, a PE ratio of 34.30, a P/E/G ratio of 3.58 and a beta of 0.71. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.29. BWX Technologies has a twelve month low of $67.91 and a twelve month high of $107.18.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings data on Monday, May 6th. The technology company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.67 by $0.09. The business had revenue of $603.97 million for the quarter, compared to the consensus estimate of $599.92 million. BWX Technologies had a net margin of 10.00% and a return on equity of 31.57%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.70 EPS. Analysts anticipate that BWX Technologies will post 3.19 EPS for the current year.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Friday, May 17th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Thursday, May 16th. BWX Technologies’s dividend payout ratio is presently 34.66%.

Hedge Funds Weigh In On BWX Technologies

Large investors have recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. acquired a new position in BWX Technologies during the fourth quarter worth $25,000. Quent Capital LLC raised its position in BWX Technologies by 146.6% during the first quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock worth $26,000 after acquiring an additional 151 shares during the period. GAMMA Investing LLC raised its position in BWX Technologies by 77.6% during the first quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock worth $28,000 after acquiring an additional 118 shares during the period. Toth Financial Advisory Corp raised its position in BWX Technologies by 1,500.0% during the first quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock worth $33,000 after acquiring an additional 300 shares during the period. Finally, SRS Capital Advisors Inc. raised its position in BWX Technologies by 322.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 553 shares of the technology company’s stock worth $42,000 after acquiring an additional 422 shares during the period. 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.