BWX Technologies (NYSE:BWXT) Upgraded by Wall Street Zen to Buy Rating

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

Other research analysts have also issued reports about the company. William Blair reiterated an “outperform” rating on shares of BWX Technologies in a report on Wednesday, September 17th. BTIG Research raised their price target on shares of BWX Technologies from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday. Maxim Group restated a “hold” rating on shares of BWX Technologies in a report on Wednesday, August 6th. Bank of America increased their target price on shares of BWX Technologies from $155.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Finally, Truist Financial boosted their price target on BWX Technologies from $173.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $179.62.

BWX Technologies Stock Performance

Shares of BWXT opened at $193.42 on Friday. The company has a market capitalization of $17.68 billion, a PE ratio of 60.44, a price-to-earnings-growth ratio of 4.24 and a beta of 0.78. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. BWX Technologies has a one year low of $84.21 and a one year high of $218.50. The company’s fifty day moving average price is $187.37 and its 200 day moving average price is $155.41.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, November 3rd. The technology company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.15. The company had revenue of $866.29 million during the quarter, compared to analysts’ expectations of $795.48 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The business’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.83 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. As a group, analysts expect that BWX Technologies will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Wednesday, November 19th. BWX Technologies’s dividend payout ratio (DPR) is 30.03%.

Insider Buying and Selling at BWX Technologies

In other news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $177.43, for a total value of $371,183.56. Following the sale, the senior vice president owned 10,149 shares of the company’s stock, valued at approximately $1,800,737.07. This represents a 17.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Leland D. Melvin sold 600 shares of BWX Technologies stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $178.26, for a total transaction of $106,956.00. Following the transaction, the director directly owned 5,579 shares of the company’s stock, valued at $994,512.54. This represents a 9.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.47% of the stock is owned by insiders.

Institutional Trading of BWX Technologies

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in BWX Technologies by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 9,404,287 shares of the technology company’s stock worth $927,733,000 after acquiring an additional 192,363 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in BWX Technologies by 19.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,503,679 shares of the technology company’s stock valued at $444,288,000 after purchasing an additional 741,282 shares during the last quarter. Invesco Ltd. boosted its stake in BWX Technologies by 139.0% in the second quarter. Invesco Ltd. now owns 1,592,380 shares of the technology company’s stock worth $229,398,000 after purchasing an additional 926,117 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of BWX Technologies by 33,572.0% during the second quarter. Valeo Financial Advisors LLC now owns 1,517,599 shares of the technology company’s stock worth $2,228,000 after purchasing an additional 1,513,092 shares during the last quarter. Finally, William Blair Investment Management LLC grew its holdings in shares of BWX Technologies by 523.2% during the second quarter. William Blair Investment Management LLC now owns 1,517,356 shares of the technology company’s stock worth $218,590,000 after purchasing an additional 1,273,895 shares during the last quarter. Institutional investors and hedge funds 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.