BWX Technologies (NYSE:BWXT) Trading Up 3.7% on Analyst Upgrade

BWX Technologies, Inc. (NYSE:BWXT) shares shot up 3.7% on Wednesday after CLSA raised their price target on the stock from $153.00 to $177.60. CLSA currently has an outperform rating on the stock. BWX Technologies traded as high as $127.13 and last traded at $126.84. 1,015,220 shares were traded during trading, an increase of 0% from the average session volume of 1,012,816 shares. The stock had previously closed at $122.36.

BWXT has been the topic of a number of other research reports. Seaport Res Ptn upgraded BWX Technologies to a “strong-buy” rating in a research report on Tuesday, April 1st. Maxim Group decreased their target price on shares of BWX Technologies from $140.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Finally, Bank of America lowered their price target on shares of BWX Technologies from $160.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, BWX Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.84.

Insider Buying and Selling

In other BWX Technologies news, SVP Robert L. Duffy sold 6,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total value of $624,180.00. Following the sale, the senior vice president now directly owns 3,206 shares in the company, valued at $333,520.18. This represents a 65.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of BWX Technologies stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $104.92, for a total value of $209,840.00. Following the sale, the senior vice president now directly owns 9,904 shares of the company’s stock, valued at $1,039,127.68. This represents a 16.80% decrease in their position. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BWX Technologies

Several hedge funds have recently bought and sold shares of the stock. Stone House Investment Management LLC purchased a new stake in shares of BWX Technologies during the 1st quarter valued at $31,000. HHM Wealth Advisors LLC increased its stake in BWX Technologies by 45.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company’s stock valued at $32,000 after acquiring an additional 90 shares during the last quarter. Ameriflex Group Inc. purchased a new stake in BWX Technologies during the fourth quarter valued at about $34,000. Principal Securities Inc. raised its position in BWX Technologies by 40.4% during the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company’s stock valued at $35,000 after purchasing an additional 91 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in BWX Technologies by 200.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company’s stock worth $35,000 after purchasing an additional 236 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Price Performance

The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $11.62 billion, a PE ratio of 42.16, a PEG ratio of 3.20 and a beta of 0.66. The business has a fifty day moving average price of $105.26 and a 200-day moving average price of $111.70.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.18. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company had revenue of $682.26 million during the quarter, compared to the consensus estimate of $644.15 million. During the same quarter in the previous year, the company posted $0.76 EPS. BWX Technologies’s quarterly revenue was up 13.0% compared to the same quarter last year. Research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.79%. The ex-dividend date is Monday, May 19th. BWX Technologies’s dividend payout ratio is presently 31.85%.

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.