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

BWX Technologies (NYSE:BWXT) had its target price hoisted by Truist Financial from $95.00 to $106.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a hold rating on the technology company’s stock.

Several other research firms also recently commented on BWXT. Barclays downgraded shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and boosted their target price for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. StockNews.com raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BWX Technologies from $113.00 to $129.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $110.67.

BWX Technologies Trading Up 1.2 %

Shares of BWX Technologies stock traded up $1.41 during midday trading on Tuesday, reaching $122.46. The company had a trading volume of 118,391 shares, compared to its average volume of 623,386. The firm has a market cap of $11.19 billion, a PE ratio of 40.07, a P/E/G ratio of 4.30 and a beta of 0.69. BWX Technologies has a fifty-two week low of $74.69 and a fifty-two week high of $128.00. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.23 and a quick ratio of 2.23. The stock has a fifty day moving average price of $111.83 and a 200 day moving average price of $100.67.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share (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 32.78%. The business had revenue of $672.00 million for the quarter, compared to analyst estimates of $658.84 million. During the same period in the prior year, the firm earned $0.67 earnings per share. BWX Technologies’s revenue was up 13.9% on a year-over-year basis. On average, equities analysts anticipate that BWX Technologies will post 3.2 earnings per share for the current 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 given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Tuesday, November 19th. BWX Technologies’s dividend payout ratio (DPR) is currently 31.79%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. AQR Capital Management LLC lifted its stake in shares of BWX Technologies by 77.8% in the 2nd quarter. AQR Capital Management LLC now owns 132,263 shares of the technology company’s stock valued at $12,565,000 after acquiring an additional 57,879 shares during the last quarter. Bridges Investment Management Inc. increased its stake in BWX Technologies by 76.3% in the 2nd quarter. Bridges Investment Management Inc. now owns 359,147 shares of the technology company’s stock worth $34,119,000 after purchasing an additional 155,387 shares during the period. Quantbot Technologies LP bought a new stake in BWX Technologies in the first quarter valued at approximately $1,096,000. Russell Investments Group Ltd. boosted its stake in shares of BWX Technologies by 39.9% during the first quarter. Russell Investments Group Ltd. now owns 111,757 shares of the technology company’s stock valued at $11,469,000 after purchasing an additional 31,845 shares during the period. Finally, Compass Wealth Management LLC bought a new position in shares of BWX Technologies in the third quarter worth approximately $3,456,000. 94.39% of the stock is owned by hedge funds and other institutional investors.

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.