BWX Technologies’ (BWXT) Outperform Rating Reiterated at William Blair

William Blair reaffirmed their outperform rating on shares of BWX Technologies (NYSE:BWXT) in a research report released on Wednesday,RTT News reports.

Other equities analysts also recently issued research reports about the company. Maxim Group lowered their price target on BWX Technologies from $140.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Seaport Res Ptn raised BWX Technologies to a “strong-buy” rating in a research report on Tuesday, April 1st. Bank of America lowered their price target on BWX Technologies from $160.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, March 26th. Finally, CLSA reissued an “outperform” rating and set a $177.60 price target (up previously from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, BWX Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $129.84.

BWX Technologies Stock Performance

BWXT opened at $140.28 on Wednesday. BWX Technologies has a 52-week low of $84.21 and a 52-week high of $145.33. The firm has a market capitalization of $12.82 billion, a PE ratio of 44.68, a PEG ratio of 3.55 and a beta of 0.66. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.91 and a current ratio of 2.02. The business’s 50-day simple moving average is $115.97 and its 200 day simple moving average is $112.10.

BWX Technologies (NYSE:BWXT) last released its 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. 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 analyst estimates of $644.15 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. BWX Technologies’s revenue was up 13.0% on a year-over-year basis. As a group, sell-side analysts expect that BWX Technologies will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Monday, May 19th. BWX Technologies’s payout ratio is 31.85%.

Hedge Funds Weigh In On BWX Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Ameriflex Group Inc. acquired a new position in shares of BWX Technologies in the fourth quarter valued at approximately $34,000. Stone House Investment Management LLC bought a new stake in shares of BWX Technologies in the first quarter valued at approximately $31,000. Principal Securities Inc. boosted its stake in shares of BWX Technologies by 40.4% in the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company’s stock valued at $35,000 after buying an additional 91 shares during the period. Compass Financial Services Inc bought a new stake in shares of BWX Technologies in the first quarter valued at approximately $33,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of BWX Technologies by 200.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company’s stock valued at $35,000 after buying an additional 236 shares during the period. 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.