Wall Street Zen Downgrades BWX Technologies (NYSE:BWXT) to Hold

Wall Street Zen cut shares of BWX Technologies (NYSE:BWXT) from a buy rating to a hold rating in a research report released on Saturday morning.

BWXT has been the subject of several other reports. CLSA reiterated an “outperform” rating and set a $177.60 target price (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Bank of America decreased their price objective 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. William Blair restated an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, June 18th. Seaport Res Ptn upgraded BWX Technologies to a “strong-buy” rating in a research note on Tuesday, April 1st. Finally, Maxim Group cut their price objective on BWX Technologies from $140.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $129.84.

BWX Technologies Price Performance

BWXT opened at $142.36 on Friday. BWX Technologies has a twelve month low of $84.21 and a twelve month high of $145.33. The firm has a market cap of $13.01 billion, a price-to-earnings ratio of 45.34, a PEG ratio of 3.58 and a beta of 0.66. The company has a current ratio of 2.02, a quick ratio of 1.91 and a debt-to-equity ratio of 1.08. The company has a fifty day simple moving average of $118.30 and a 200 day simple moving average of $112.15.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.73 by $0.18. BWX Technologies had a return on equity of 30.26% and a net margin of 10.39%. The business had revenue of $682.26 million for the quarter, compared to analysts’ expectations of $644.15 million. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The company’s revenue was up 13.0% compared to the same quarter last year. Equities research analysts expect that BWX Technologies will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Monday, May 19th. BWX Technologies’s dividend payout ratio (DPR) is presently 31.85%.

Hedge Funds Weigh In On BWX Technologies

Several hedge funds and other institutional investors have recently modified their holdings of BWXT. Demars Financial Group LLC increased its position in BWX Technologies by 9,309.0% in the 4th quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company’s stock valued at $499,299,000 after acquiring an additional 4,434,799 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in BWX Technologies by 19.7% in the first quarter. T. Rowe Price Investment Management Inc. now owns 4,503,679 shares of the technology company’s stock worth $444,288,000 after purchasing an additional 741,282 shares during the period. Westwood Holdings Group Inc. grew its position in BWX Technologies by 279.0% in the 1st quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company’s stock valued at $94,562,000 after buying an additional 705,648 shares in the last quarter. Raymond James Financial Inc. acquired a new position in BWX Technologies during the 4th quarter valued at about $69,730,000. Finally, Balyasny Asset Management L.P. raised its position in shares of BWX Technologies by 204.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 916,323 shares of the technology company’s stock worth $102,069,000 after buying an additional 615,693 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

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.