BWX Technologies, Inc. (NYSE:BWXT) Given Average Rating of “Moderate Buy” by Brokerages

Shares of BWX Technologies, Inc. (NYSE:BWXT) have received an average rating of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $108.67.

A number of brokerages have recently issued reports on BWXT. StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of BWX Technologies from $113.00 to $129.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Barclays downgraded BWX Technologies from an “equal weight” rating to an “underweight” rating and increased their price target for the company from $75.00 to $90.00 in a research report on Wednesday, July 24th.

Institutional Investors Weigh In On BWX Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of BWX Technologies by 105.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,239 shares of the technology company’s stock valued at $1,872,000 after buying an additional 9,344 shares during the period. Toth Financial Advisory Corp lifted its stake in shares of BWX Technologies by 1,500.0% in the 1st quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock valued at $33,000 after purchasing an additional 300 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new position in shares of BWX Technologies in the 1st quarter valued at about $506,000. Oak Thistle LLC acquired a new position in shares of BWX Technologies during the 1st quarter worth approximately $397,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of BWX Technologies in the first quarter valued at about $42,106,000. 94.39% of the stock is owned by hedge funds and other institutional investors.

BWX Technologies Stock Up 0.7 %

BWXT opened at $122.58 on Friday. The stock’s fifty day simple moving average is $110.45 and its 200 day simple moving average is $99.94. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.21. The stock has a market cap of $11.20 billion, a PE ratio of 41.98, a price-to-earnings-growth ratio of 4.49 and a beta of 0.71. BWX Technologies has a 1-year low of $74.62 and a 1-year high of $128.00.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, August 5th. The technology company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. The company had revenue of $681.50 million for the quarter, compared to analysts’ expectations of $639.31 million. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. BWX Technologies’s revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the business earned $0.65 earnings per share. As a group, research analysts expect that BWX Technologies will post 3.2 earnings per share for the current year.

BWX Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Friday, August 16th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.78%. BWX Technologies’s dividend payout ratio is currently 32.88%.

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.