BWX Technologies (NYSE:BWXT) Reaches New 12-Month High – What’s Next?

BWX Technologies, Inc. (NYSE:BWXT) reached a new 52-week high on Monday . The stock traded as high as $127.95 and last traded at $127.19, with a volume of 84292 shares traded. The stock had previously closed at $126.21.

Analyst Upgrades and Downgrades

Several research firms have commented on BWXT. StockNews.com upgraded BWX Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft upped their price target on shares of BWX Technologies from $113.00 to $129.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Janney Montgomery Scott assumed coverage on BWX Technologies in a research report on Thursday, June 27th. They issued a “buy” rating and a $113.00 price objective on the stock. Barclays downgraded BWX Technologies from an “equal weight” rating to an “underweight” rating and upped their target price for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. Finally, BTIG Research started coverage on BWX Technologies in a research report on Wednesday, June 26th. They set a “buy” rating and a $110.00 price target on the stock. 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 company presently has a consensus rating of “Moderate Buy” and an average price target of $104.86.

BWX Technologies Trading Up 0.6 %

The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.21. The business has a 50 day simple moving average of $105.51 and a two-hundred day simple moving average of $98.13. The stock has a market cap of $11.61 billion, a price-to-earnings ratio of 45.56, a price-to-earnings-growth ratio of 4.25 and a beta of 0.71.

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

BWX Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Friday, August 16th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.76%. The ex-dividend date was Friday, August 16th. BWX Technologies’s payout ratio is currently 34.66%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in BWX Technologies by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 8,677,218 shares of the technology company’s stock worth $665,803,000 after purchasing an additional 65,137 shares during the period. GAMMA Investing LLC grew its position in shares of BWX Technologies by 77.6% during the 1st quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock valued at $28,000 after buying an additional 118 shares during the last quarter. Gateway Investment Advisers LLC acquired a new stake in BWX Technologies during the first quarter worth about $216,000. Riverview Trust Co bought a new position in BWX Technologies in the first quarter worth about $56,000. Finally, Arkfeld Wealth Strategies L.L.C. acquired a new position in BWX Technologies in the first quarter valued at approximately $1,144,000. Institutional investors and hedge funds 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.