BWX Technologies (NYSE:BWXT) Price Target Cut to $110.00

BWX Technologies (NYSE:BWXT) had its target price reduced by Deutsche Bank Aktiengesellschaft from $111.00 to $110.00 in a report published on Tuesday morning, Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other research analysts have also weighed in on BWXT. Bank of America boosted their target price on BWX Technologies from $82.00 to $115.00 and gave the stock a buy rating in a report on Thursday, March 28th. Truist Financial reissued a hold rating and issued a $95.00 price objective (down from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. Finally, StockNews.com downgraded shares of BWX Technologies from a buy rating to a hold rating in a report on Tuesday, March 12th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $92.43.

BWX Technologies Price Performance

Shares of NYSE BWXT opened at $87.06 on Tuesday. BWX Technologies has a fifty-two week low of $60.17 and a fifty-two week high of $107.18. The stock has a market capitalization of $7.96 billion, a price-to-earnings ratio of 32.36, a PEG ratio of 3.10 and a beta of 0.75. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.18 and a quick ratio of 2.18. The business has a 50-day moving average of $98.77 and a 200-day moving average of $86.32.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.09. The firm had revenue of $603.97 million for the quarter, compared to analyst estimates of $599.92 million. BWX Technologies had a return on equity of 32.38% and a net margin of 9.85%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.70 EPS. As a group, sell-side analysts predict that BWX Technologies will post 3.14 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Friday, May 17th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.10%. The ex-dividend date is Thursday, May 16th. BWX Technologies’s dividend payout ratio (DPR) is 35.69%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BWXT. Vaughan Nelson Investment Management L.P. acquired a new stake in BWX Technologies during the first quarter worth approximately $42,106,000. Invesco Ltd. grew its holdings in shares of BWX Technologies by 16.6% during the 3rd quarter. Invesco Ltd. now owns 2,027,376 shares of the technology company’s stock worth $152,013,000 after purchasing an additional 288,287 shares in the last quarter. Loomis Sayles & Co. L P bought a new position in shares of BWX Technologies in the third quarter worth $17,295,000. Frontier Capital Management Co. LLC raised its stake in BWX Technologies by 28.8% in the fourth quarter. Frontier Capital Management Co. LLC now owns 967,317 shares of the technology company’s stock valued at $74,222,000 after purchasing an additional 216,525 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in BWX Technologies by 97.7% during the first quarter. Van ECK Associates Corp now owns 358,199 shares of the technology company’s stock worth $36,759,000 after purchasing an additional 177,030 shares during the period. 94.39% of the stock is owned by institutional investors.

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.