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

Shares of BWX Technologies, Inc. (NYSE:BWXT) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $124.38.

Several brokerages have weighed in on BWXT. Maxim Group boosted their price objective on BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Bank of America dropped their price target on shares of BWX Technologies from $160.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, March 26th. Barclays raised their price objective on shares of BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research note on Monday, December 16th. Finally, Truist Financial upped their target price on shares of BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th.

BWX Technologies Stock Performance

BWXT stock opened at $100.54 on Wednesday. The company has a 50 day moving average price of $106.26 and a 200 day moving average price of $114.55. BWX Technologies has a fifty-two week low of $86.70 and a fifty-two week high of $136.31. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The stock has a market capitalization of $9.19 billion, a PE ratio of 33.29, a price-to-earnings-growth ratio of 3.20 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.80 by $0.12. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company had revenue of $746.27 million during the quarter, compared to analysts’ expectations of $653.16 million. Analysts forecast that BWX Technologies will post 3.23 EPS for the current year.

BWX Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Tuesday, March 11th. This is an increase from BWX Technologies’s previous quarterly dividend of $0.24. BWX Technologies’s dividend payout ratio is presently 32.57%.

Insider Transactions at BWX Technologies

In related news, SVP Robert L. Duffy sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total value of $624,180.00. Following the completion of the transaction, the senior vice president now directly owns 3,206 shares in the company, valued at approximately $333,520.18. The trade was a 65.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rex D. Geveden sold 45,625 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $107.40, for a total transaction of $4,900,125.00. Following the sale, the chief executive officer now owns 218,218 shares in the company, valued at $23,436,613.20. This trade represents a 17.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 53,625 shares of company stock valued at $5,734,145 over the last three months. 0.47% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Commerce Bank bought a new stake in BWX Technologies in the 3rd quarter valued at $235,000. Advisors Asset Management Inc. lifted its holdings in shares of BWX Technologies by 10.6% in the third quarter. Advisors Asset Management Inc. now owns 6,673 shares of the technology company’s stock valued at $725,000 after purchasing an additional 637 shares in the last quarter. Citigroup Inc. boosted its position in shares of BWX Technologies by 40.4% during the third quarter. Citigroup Inc. now owns 108,637 shares of the technology company’s stock worth $11,809,000 after buying an additional 31,246 shares during the period. Cerity Partners LLC grew its holdings in shares of BWX Technologies by 69.2% during the third quarter. Cerity Partners LLC now owns 21,703 shares of the technology company’s stock worth $2,359,000 after buying an additional 8,876 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in BWX Technologies in the 3rd quarter valued at approximately $1,032,000. Institutional investors and hedge funds own 94.39% of the company’s stock.

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.