Maxim Group Cuts BWX Technologies (NYSE:BWXT) Price Target to $136.00

BWX Technologies (NYSE:BWXT) had its price objective trimmed by Maxim Group from $140.00 to $136.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

Other equities analysts also recently issued research reports about the company. Truist Financial raised their target price on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Seaport Res Ptn upgraded BWX Technologies to a “strong-buy” rating in a report on Tuesday, April 1st. Finally, Bank of America cut their price objective on shares of BWX Technologies from $160.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.88.

BWX Technologies Price Performance

Shares of NYSE:BWXT opened at $108.03 on Thursday. The stock has a market capitalization of $9.87 billion, a P/E ratio of 35.77, a P/E/G ratio of 3.20 and a beta of 0.66. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The business has a 50-day moving average of $102.21 and a two-hundred day moving average of $112.76. BWX Technologies has a fifty-two week low of $84.21 and a fifty-two week high of $136.31.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.18. The firm had revenue of $682.26 million for the quarter, compared to analyst estimates of $644.15 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company’s revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 EPS. On average, equities research analysts predict that BWX Technologies will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be paid a $0.25 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.00 annualized dividend and a yield of 0.93%. BWX Technologies’s dividend payout ratio (DPR) is currently 31.85%.

Insider Buying and Selling

In other BWX Technologies news, SVP Robert L. Duffy sold 6,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total value of $624,180.00. Following the transaction, the senior vice president now directly owns 3,206 shares of the company’s stock, valued at $333,520.18. This represents a 65.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Rex D. Geveden sold 45,625 shares of BWX Technologies stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $107.40, for a total value of $4,900,125.00. Following the sale, the chief executive officer now directly owns 218,218 shares of the company’s stock, valued at $23,436,613.20. This represents a 17.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 53,625 shares of company stock worth $5,734,145. Company insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BWXT. PNC Financial Services Group Inc. boosted its stake in shares of BWX Technologies by 52.6% in the first quarter. PNC Financial Services Group Inc. now owns 11,460 shares of the technology company’s stock valued at $1,131,000 after buying an additional 3,950 shares during the period. Pettyjohn Wood & White Inc. grew its holdings in shares of BWX Technologies by 14.2% during the 1st quarter. Pettyjohn Wood & White Inc. now owns 4,012 shares of the technology company’s stock worth $396,000 after purchasing an additional 500 shares in the last quarter. Commerce Bank increased its position in shares of BWX Technologies by 6.9% in the first quarter. Commerce Bank now owns 2,313 shares of the technology company’s stock worth $228,000 after purchasing an additional 150 shares during the period. US Bancorp DE raised its stake in BWX Technologies by 20.1% in the first quarter. US Bancorp DE now owns 12,352 shares of the technology company’s stock valued at $1,219,000 after purchasing an additional 2,071 shares in the last quarter. Finally, HHM Wealth Advisors LLC lifted its position in BWX Technologies by 34.5% during the first quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company’s stock worth $38,000 after purchasing an additional 100 shares during the period. 94.39% of the stock is owned by institutional investors.

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.