BWX Technologies (NYSE:BWXT) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of BWX Technologies (NYSE:BWXT) from a buy rating to a hold rating in a report released on Wednesday morning.

Several other brokerages have also recently issued reports on BWXT. Truist Financial boosted their price objective on BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft boosted their price target on BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Barclays cut shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and raised their price objective for the stock from $75.00 to $90.00 in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $110.67.

BWX Technologies Price Performance

Shares of NYSE BWXT opened at $124.57 on Wednesday. BWX Technologies has a 52 week low of $74.69 and a 52 week high of $128.00. The company has a quick ratio of 2.23, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. The firm has a market cap of $11.39 billion, a P/E ratio of 41.25, a P/E/G ratio of 4.24 and a beta of 0.69. The business’s 50 day moving average price is $112.26 and its 200 day moving average price is $100.94.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, beating the consensus estimate 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 prior 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, sell-side analysts expect that BWX Technologies will post 3.21 earnings per share for the current year.

BWX Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Tuesday, November 19th. BWX Technologies’s dividend payout ratio (DPR) is presently 31.79%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BWXT. Quent Capital LLC increased its holdings in BWX Technologies by 147.6% in the 3rd quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock worth $28,000 after acquiring an additional 152 shares in the last quarter. UMB Bank n.a. grew its position 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 purchasing an additional 226 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of BWX Technologies during the third quarter worth about $31,000. GAMMA Investing LLC increased its stake in shares of BWX Technologies by 58.9% during the second quarter. GAMMA Investing LLC now owns 429 shares of the technology company’s stock worth $41,000 after purchasing an additional 159 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of BWX Technologies during the 2nd quarter worth about $45,000. Hedge funds and other institutional investors own 94.39% of the company’s stock.

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.