Short Interest in BWX Technologies, Inc. (NYSE:BWXT) Drops By 9.0%

BWX Technologies, Inc. (NYSE:BWXT) saw a significant decrease in short interest in August. As of August 31st, there was short interest totalling 871,000 shares, a decrease of 9.0% from the August 15th total of 956,700 shares. Currently, 1.0% of the company’s shares are short sold. Based on an average trading volume of 485,700 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Quent Capital LLC lifted its stake in shares of BWX Technologies by 146.6% during the 1st quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock valued at $26,000 after buying an additional 151 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of BWX Technologies by 77.6% in the first quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock valued at $28,000 after acquiring an additional 118 shares in the last quarter. 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. Ashton Thomas Private Wealth LLC bought a new position in shares of BWX Technologies in the second quarter worth about $45,000. Finally, Blue Trust Inc. grew its position in shares of BWX Technologies by 37.2% during the second quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock worth $46,000 after purchasing an additional 121 shares in the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. StockNews.com upgraded BWX Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Janney Montgomery Scott began coverage on shares of BWX Technologies in a report on Thursday, June 27th. They set a “buy” rating and a $113.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of BWX Technologies from $112.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. BTIG Research initiated coverage on shares of BWX Technologies in a research note on Wednesday, June 26th. They set a “buy” rating and a $110.00 price objective on the stock. Finally, Barclays downgraded shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and raised their target price for the company from $75.00 to $90.00 in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.57.

BWX Technologies Stock Performance

BWXT traded down $0.60 during mid-day trading on Tuesday, reaching $97.75. 585,524 shares of the company traded hands, compared to its average volume of 560,387. The company’s fifty day moving average price is $98.93 and its 200-day moving average price is $96.37. The stock has a market capitalization of $8.94 billion, a P/E ratio of 35.29, a P/E/G ratio of 3.51 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 has a 52-week low of $72.14 and a 52-week high of $107.18.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, August 5th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. The business had revenue of $681.50 million during the quarter, compared to the consensus estimate of $639.31 million. During the same period in the previous year, the company posted $0.65 EPS. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, sell-side analysts expect that BWX Technologies will post 3.2 EPS for the current year.

BWX Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Friday, August 16th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.98%. The ex-dividend date was Friday, August 16th. BWX Technologies’s dividend payout ratio is presently 34.66%.

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.