BWX Technologies, Inc. (NYSE:BWXT) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of BWX Technologies, Inc. (NYSE:BWXT) have earned a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $127.50.

Several analysts have issued reports on the company. Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price for the company in a report on Tuesday, November 12th. Bank of America upped their target price on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Barclays increased their price target on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a report on Monday, December 16th. Deutsche Bank Aktiengesellschaft increased their price target on BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Truist Financial increased their price target on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th.

Insider Activity at BWX Technologies

In related news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $104.92, for a total transaction of $209,840.00. Following the completion of the transaction, the senior vice president now directly owns 9,904 shares in the company, valued at $1,039,127.68. This trade represents a 16.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Rex D. Geveden sold 45,625 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $107.40, for a total value of $4,900,125.00. Following the transaction, the chief executive officer now owns 218,218 shares of the company’s stock, 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. 0.47% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BWXT. Demars Financial Group LLC grew its stake in shares of BWX Technologies by 9,309.0% in the 4th quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company’s stock valued at $499,299,000 after purchasing an additional 4,434,799 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of BWX Technologies in the 4th quarter valued at approximately $69,730,000. Balyasny Asset Management L.P. grew its stake in shares of BWX Technologies by 204.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 916,323 shares of the technology company’s stock valued at $102,069,000 after purchasing an additional 615,693 shares during the last quarter. Stephens Investment Management Group LLC purchased a new position in shares of BWX Technologies in the 4th quarter valued at approximately $50,054,000. Finally, Van ECK Associates Corp grew its stake in shares of BWX Technologies by 46.7% in the 4th quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company’s stock valued at $156,919,000 after purchasing an additional 448,467 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Stock Up 1.7 %

NYSE BWXT opened at $103.82 on Friday. The business has a fifty day moving average price of $113.12 and a 200 day moving average price of $114.14. BWX Technologies has a one year low of $86.70 and a one year high of $136.31. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The company has a market cap of $9.50 billion, a P/E ratio of 34.38, a P/E/G ratio of 3.20 and a beta of 0.73.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data 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 firm had revenue of $746.27 million during the quarter, compared to the consensus estimate of $653.16 million. Research analysts anticipate that BWX Technologies will post 3.23 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.96%. This is a boost from BWX Technologies’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Tuesday, March 11th. BWX Technologies’s dividend payout ratio (DPR) is 32.57%.

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.