BWX Technologies, Inc. (NYSE:BWXT) Short Interest Update

BWX Technologies, Inc. (NYSE:BWXT) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totalling 977,800 shares, a growth of 13.7% from the May 31st total of 860,100 shares. Based on an average daily volume of 615,300 shares, the short-interest ratio is currently 1.6 days. Approximately 1.1% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BWXT. CLSA assumed coverage on shares of BWX Technologies in a research note on Monday, June 3rd. They set a “buy” rating for the company. StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. Janney Montgomery Scott initiated coverage on shares of BWX Technologies in a research note on Thursday, June 27th. They set a “buy” rating and a $113.00 target price on the stock. BTIG Research started coverage on shares of BWX Technologies in a research note on Wednesday, June 26th. They issued a “buy” rating and a $110.00 price target for the company. Finally, Bank of America increased their price objective on shares of BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $96.33.

Hedge Funds Weigh In On BWX Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted 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 valued at $28,000 after purchasing an additional 118 shares in the last quarter. Stephens Inc. AR lifted its position in shares of BWX Technologies by 0.9% in the fourth quarter. Stephens Inc. AR now owns 16,286 shares of the technology company’s stock valued at $1,250,000 after acquiring an additional 151 shares in the last quarter. Quent Capital LLC lifted its position in shares of BWX Technologies by 146.6% in the first quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock valued at $26,000 after acquiring an additional 151 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of BWX Technologies by 2.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,348 shares of the technology company’s stock valued at $1,165,000 after acquiring an additional 251 shares in the last quarter. Finally, Toth Financial Advisory Corp lifted its position in shares of BWX Technologies by 1,500.0% in the first quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock valued at $33,000 after acquiring an additional 300 shares in the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

BWX Technologies Stock Performance

BWXT stock traded up $1.20 during midday trading on Wednesday, reaching $95.47. 329,448 shares of the company’s stock traded hands, compared to its average volume of 597,751. The stock’s 50-day moving average is $91.42 and its 200 day moving average is $90.04. The stock has a market cap of $8.73 billion, a P/E ratio of 34.03, a PEG ratio of 3.58 and a beta of 0.69. BWX Technologies has a 52-week low of $67.91 and a 52-week high of $107.18. 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 (NYSE:BWXT) last announced its earnings results on Monday, May 6th. The technology company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The company had revenue of $603.97 million for the quarter, compared to analysts’ expectations of $599.92 million. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. BWX Technologies’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the firm earned $0.70 EPS. As a group, analysts anticipate that BWX Technologies will post 3.18 EPS for the current year.

BWX Technologies Announces Dividend

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

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.