BWX Technologies (NYSE:BWXT) Shares Up 3.7% After Analyst Upgrade

Shares of BWX Technologies, Inc. (NYSE:BWXT) were up 3.7% on Wednesday after Seaport Res Ptn upgraded the stock to a strong-buy rating. The stock traded as high as $127.13 and last traded at $126.84. Approximately 1,015,220 shares changed hands during mid-day trading, an increase of 0% from the average daily volume of 1,012,816 shares. The stock had previously closed at $122.36.

A number of other equities analysts have also weighed in on the stock. Barclays lifted their price objective on shares of BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research report on Monday, December 16th. Maxim Group lifted their target price on shares of BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 10th. Truist Financial boosted their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Finally, Bank of America cut 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.84.

Insider Activity at BWX Technologies

In related news, SVP Robert L. Duffy sold 6,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total transaction of $624,180.00. Following the transaction, the senior vice president now directly owns 3,206 shares in the company, valued at approximately $333,520.18. This represents a 65.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.47% of the stock is owned by corporate insiders.

Institutional Trading of BWX Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Demars Financial Group LLC grew its stake in BWX Technologies by 9,309.0% during the fourth quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company’s stock worth $499,299,000 after buying an additional 4,434,799 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in shares of BWX Technologies by 19.7% during 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 buying an additional 741,282 shares during the last quarter. Westwood Holdings Group Inc. increased its stake in shares of BWX Technologies by 279.0% in the first quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company’s stock worth $94,562,000 after buying an additional 705,648 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in BWX Technologies during the fourth quarter valued at approximately $69,730,000. Finally, Balyasny Asset Management L.P. grew 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 valued at $102,069,000 after buying an additional 615,693 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Trading Down 1.0%

The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The firm has a fifty day moving average of $106.23 and a 200-day moving average of $111.80. The firm has a market cap of $11.45 billion, a P/E ratio of 41.51, a P/E/G ratio of 3.20 and a beta of 0.66.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.18. The company had revenue of $682.26 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 earnings per share. Equities research analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.00 annualized dividend and a dividend yield of 0.80%. BWX Technologies’s dividend payout ratio is currently 31.85%.

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.