Maxim Group Issues Positive Forecast for BWX Technologies (NYSE:BWXT) Stock Price

BWX Technologies (NYSE:BWXT) had its price objective increased by Maxim Group from $138.00 to $140.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

BWXT has been the topic of a number of other reports. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target on the stock in a research note on Tuesday, November 12th. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Bank of America increased their price target on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft boosted their price objective on BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Truist Financial lifted their price target on BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $126.50.

BWX Technologies Price Performance

Shares of NYSE BWXT opened at $114.78 on Friday. The business has a fifty day moving average price of $121.70 and a two-hundred day moving average price of $110.33. The stock has a market capitalization of $10.50 billion, a PE ratio of 38.01, a P/E/G ratio of 4.12 and a beta of 0.73. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. BWX Technologies has a fifty-two week low of $77.31 and a fifty-two week high of $136.31.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.77 by $0.06. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The business had revenue of $672.00 million during the quarter, compared to the consensus estimate of $658.84 million. During the same period in the previous year, the business earned $0.67 earnings per share. The company’s revenue was up 13.9% on a year-over-year basis. As a group, equities analysts predict that BWX Technologies will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th were paid a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a yield of 0.84%. BWX Technologies’s dividend payout ratio (DPR) is presently 31.79%.

Institutional Investors Weigh In On BWX Technologies

A number of hedge funds have recently made changes to their positions in the business. Thrivent Financial for Lutherans raised its stake in BWX Technologies by 1,121.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 578,068 shares of the technology company’s stock valued at $54,916,000 after acquiring an additional 530,749 shares during the period. FMR LLC lifted its stake in shares of BWX Technologies by 22.3% during the 3rd quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock valued at $190,721,000 after buying an additional 320,217 shares in the last quarter. Van ECK Associates Corp boosted its holdings in BWX Technologies by 49.7% in the 3rd quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock worth $104,381,000 after buying an additional 318,598 shares during the period. American Century Companies Inc. grew its stake in BWX Technologies by 37.9% in the 2nd quarter. American Century Companies Inc. now owns 738,542 shares of the technology company’s stock valued at $70,161,000 after buying an additional 203,067 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of BWX Technologies by 12.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,707,832 shares of the technology company’s stock worth $162,244,000 after acquiring an additional 192,042 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.

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.