Bank of America Forecasts Strong Price Appreciation for BWX Technologies (NYSE:BWXT) Stock

BWX Technologies (NYSE:BWXT) had its price objective hoisted by Bank of America from $115.00 to $160.00 in a report published on Thursday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Other research analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Truist Financial upped their price objective on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Barclays cut shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and upped their target price for the company from $75.00 to $90.00 in a research note on Wednesday, July 24th. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, Alembic Global Advisors raised shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $122.43.

BWX Technologies Stock Performance

BWX Technologies stock traded down $2.46 during midday trading on Thursday, reaching $125.77. 536,478 shares of the stock traded hands, compared to its average volume of 639,892. BWX Technologies has a fifty-two week low of $74.69 and a fifty-two week high of $136.31. The firm has a market cap of $11.50 billion, a price-to-earnings ratio of 42.46, a PEG ratio of 4.82 and a beta of 0.69. The firm has a fifty day moving average price of $114.57 and a two-hundred day moving average price of $101.83. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $658.84 million. During the same period in the previous year, the firm earned $0.67 EPS. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, equities research analysts forecast that BWX Technologies will post 3.21 earnings per share for the current year.

BWX Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a yield of 0.76%. BWX Technologies’s payout ratio is 31.79%.

Hedge Funds Weigh In On BWX Technologies

Several institutional investors and hedge funds have recently modified their holdings of BWXT. Stone House Investment Management LLC grew its stake in shares of BWX Technologies by 76.2% in the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock valued at $25,000 after acquiring an additional 99 shares in the last quarter. Quent Capital LLC lifted its holdings in shares of BWX Technologies by 147.6% in the third quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock worth $28,000 after acquiring an additional 152 shares during the last quarter. UMB Bank n.a. increased its stake in shares of BWX Technologies by 729.0% in the third quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock valued at $28,000 after buying an additional 226 shares during the period. Quarry LP increased its stake in shares of BWX Technologies by 93.6% in the third quarter. Quarry LP now owns 271 shares of the technology company’s stock valued at $29,000 after buying an additional 131 shares during the period. Finally, V Square Quantitative Management LLC acquired a new position in shares of BWX Technologies in the third quarter valued at approximately $31,000. 94.39% of the stock is currently owned by institutional investors and hedge funds.

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.