BWX Technologies (NYSE:BWXT) Hits New 52-Week High – Still a Buy?

BWX Technologies, Inc. (NYSE:BWXT)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $199.78 and last traded at $197.87, with a volume of 865047 shares changing hands. The stock had previously closed at $190.08.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft set a $180.00 target price on BWX Technologies and gave the company a “hold” rating in a research note on Wednesday, October 8th. Truist Financial upped their target price on BWX Technologies from $145.00 to $173.00 and gave the company a “hold” rating in a research note on Wednesday. Maxim Group reiterated a “hold” rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Weiss Ratings lowered BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Finally, William Blair reiterated an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, September 17th. Three investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.08.

BWX Technologies Price Performance

The company has a market capitalization of $18.64 billion, a price-to-earnings ratio of 63.73, a price-to-earnings-growth ratio of 4.03 and a beta of 0.78. The company has a quick ratio of 1.60, a current ratio of 1.69 and a debt-to-equity ratio of 1.28. The company has a 50 day simple moving average of $175.74 and a 200 day simple moving average of $142.39.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.23. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The company had revenue of $764.00 million during the quarter, compared to the consensus estimate of $708.00 million. During the same quarter in the prior year, the business earned $0.82 earnings per share. The company’s revenue was up 12.1% compared to the same quarter last year. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. As a group, research analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Monday, August 18th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. BWX Technologies’s dividend payout ratio is presently 31.25%.

Insiders Place Their Bets

In related news, Director Leland D. Melvin sold 600 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $178.26, for a total value of $106,956.00. Following the completion of the transaction, the director owned 5,579 shares of the company’s stock, valued at approximately $994,512.54. This represents a 9.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Rex D. Geveden sold 25,000 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $179.00, for a total value of $4,475,000.00. Following the completion of the transaction, the chief executive officer directly owned 197,594 shares of the company’s stock, valued at $35,369,326. This represents a 11.23% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,953 shares of company stock worth $5,359,758. Company insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Vontobel Holding Ltd. purchased a new position in BWX Technologies in the first quarter valued at about $383,000. Synergy Asset Management LLC purchased a new position in BWX Technologies in the first quarter valued at about $296,000. Clear Creek Financial Management LLC bought a new position in BWX Technologies during the 1st quarter worth approximately $223,000. Artemis Investment Management LLP bought a new position in BWX Technologies during the 1st quarter worth approximately $19,331,000. Finally, PNC Financial Services Group Inc. lifted its holdings in BWX Technologies by 52.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,460 shares of the technology company’s stock worth $1,131,000 after buying an additional 3,950 shares during the last quarter. Hedge funds and other institutional investors 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.