BWX Technologies (NYSE:BWXT) Reaches New 12-Month High – What’s Next?

BWX Technologies, Inc. (NYSE:BWXT) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $119.99 and last traded at $119.99, with a volume of 1902 shares traded. The stock had previously closed at $119.32.

Analysts Set New Price Targets

Several research firms recently commented on BWXT. StockNews.com raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. BTIG Research started coverage on BWX Technologies in a research report on Wednesday, June 26th. They set a “buy” rating and a $110.00 price objective for the company. Barclays cut BWX Technologies from an “equal weight” rating to an “underweight” rating and lifted their target price for the stock from $75.00 to $90.00 in a report on Wednesday, July 24th. Janney Montgomery Scott started coverage on BWX Technologies in a report on Thursday, June 27th. They set a “buy” rating and a $113.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on BWX Technologies from $113.00 to $129.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $104.86.

BWX Technologies Stock Up 4.9 %

The firm has a 50-day moving average of $103.78 and a two-hundred day moving average of $97.62. The stock has a market capitalization of $11.40 billion, a price-to-earnings ratio of 45.03, a price-to-earnings-growth ratio of 4.25 and a beta of 0.71. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.21.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, August 5th. The technology company reported $0.82 earnings per share for the quarter, beating the consensus estimate 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%. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 EPS. As a group, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.2 earnings per share for the current year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 16th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Friday, August 16th. BWX Technologies’s dividend payout ratio is currently 34.66%.

Institutional Trading of BWX Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in shares of BWX Technologies during the 4th quarter worth about $396,000. Vanguard Group Inc. raised its position in BWX Technologies by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 8,677,218 shares of the technology company’s stock valued at $665,803,000 after acquiring an additional 65,137 shares in the last quarter. HighPoint Advisor Group LLC acquired a new stake in BWX Technologies in the fourth quarter valued at approximately $381,000. Kapitalo Investimentos Ltda bought a new stake in BWX Technologies in the fourth quarter worth approximately $118,000. Finally, GAMMA Investing LLC increased its stake in shares of BWX Technologies by 77.6% during the 1st quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock worth $28,000 after purchasing an additional 118 shares during the last quarter. 94.39% of the stock is currently owned by hedge funds and other 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.