BWX Technologies (NYSE:BWXT) Rating Lowered to Underweight at Barclays

Barclays cut shares of BWX Technologies (NYSE:BWXT) from an equal weight rating to an underweight rating in a research note issued to investors on Wednesday, MarketBeat reports. They currently have $90.00 price target on the technology company’s stock, up from their prior price target of $75.00.

A number of other equities research analysts have also recently weighed in on BWXT. Deutsche Bank Aktiengesellschaft cut their price target on BWX Technologies from $110.00 to $107.00 and set a buy rating on the stock in a report on Monday, June 10th. Janney Montgomery Scott started coverage on BWX Technologies in a report on Thursday, June 27th. They set a buy rating and a $113.00 price target on the stock. Bank of America lifted their price target on BWX Technologies from $82.00 to $115.00 and gave the company a buy rating in a report on Thursday, March 28th. StockNews.com cut BWX Technologies from a buy rating to a hold rating in a report on Thursday, June 27th. Finally, BTIG Research initiated coverage on BWX Technologies in a report on Wednesday, June 26th. They set a buy rating and a $110.00 target price on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, BWX Technologies presently has an average rating of Moderate Buy and an average price target of $98.00.

BWX Technologies Stock Performance

Shares of BWXT stock opened at $99.14 on Wednesday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.29. The business has a 50 day moving average of $93.65 and a two-hundred day moving average of $92.53. BWX Technologies has a 52 week low of $67.91 and a 52 week high of $107.18. The company has a market cap of $9.06 billion, a P/E ratio of 35.94, a PEG ratio of 3.70 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. The company had revenue of $603.97 million for the quarter, compared to analysts’ expectations of $599.92 million. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 earnings per share. As a group, analysts anticipate that BWX Technologies will post 3.19 EPS for the current year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Friday, May 17th were issued a $0.24 dividend. The ex-dividend date was Thursday, May 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.97%. BWX Technologies’s dividend payout ratio is currently 34.66%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Klein Pavlis & Peasley Financial Inc. increased its holdings in shares of BWX Technologies by 6.8% in the second quarter. Klein Pavlis & Peasley Financial Inc. now owns 9,131 shares of the technology company’s stock valued at $867,000 after buying an additional 578 shares in the last quarter. Raymond James Trust N.A. bought a new position in shares of BWX Technologies in the second quarter valued at $223,000. Ceredex Value Advisors LLC grew its position in BWX Technologies by 48.5% during the 2nd quarter. Ceredex Value Advisors LLC now owns 102,850 shares of the technology company’s stock worth $9,771,000 after purchasing an additional 33,583 shares in the last quarter. Oak Family Advisors LLC grew its position in BWX Technologies by 35.1% during the 2nd quarter. Oak Family Advisors LLC now owns 65,777 shares of the technology company’s stock worth $6,249,000 after purchasing an additional 17,090 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in BWX Technologies by 340.8% during the 2nd quarter. Fifth Third Bancorp now owns 2,909 shares of the technology company’s stock worth $276,000 after purchasing an additional 2,249 shares in the last quarter. Institutional investors own 94.39% of the company’s stock.

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.