Analysts Set BWX Technologies, Inc. (NYSE:BWXT) Price Target at $92.00

Shares of BWX Technologies, Inc. (NYSE:BWXT) have been given a consensus recommendation of “Moderate Buy” by the nine research firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $94.25.

A number of equities analysts recently weighed in on BWXT shares. StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. CLSA started coverage on BWX Technologies in a report on Monday, June 3rd. They issued a “buy” rating for the company. Bank of America raised their target price on BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, March 28th. BTIG Research started coverage on BWX Technologies in a report on Wednesday. They issued a “buy” rating and a $110.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on BWX Technologies from $110.00 to $107.00 and set a “buy” rating for the company in a report on Monday, June 10th.

BWX Technologies Stock Performance

NYSE:BWXT opened at $95.49 on Monday. The firm’s fifty day moving average price is $91.28 and its 200 day moving average price is $89.51. BWX Technologies has a 1-year low of $67.91 and a 1-year high of $107.18. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.24 and a quick ratio of 2.24. The firm has a market cap of $8.73 billion, a price-to-earnings ratio of 34.47, a price-to-earnings-growth ratio of 3.55 and a beta of 0.71.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, May 6th. The technology company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. BWX Technologies had a net margin of 10.00% and a return on equity of 31.57%. The firm had revenue of $603.97 million for the quarter, compared to analyst estimates of $599.92 million. During the same period last year, the firm posted $0.70 EPS. BWX Technologies’s quarterly revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts expect that BWX Technologies will post 3.19 EPS for the current year.

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Friday, May 17th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.01%. The ex-dividend date was Thursday, May 16th. BWX Technologies’s payout ratio is 34.66%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Quent Capital LLC raised its stake in BWX Technologies by 147.6% in the 1st quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock valued at $26,000 after purchasing an additional 152 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of BWX Technologies by 77.6% in the first quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock worth $28,000 after acquiring an additional 118 shares during the last quarter. Toth Financial Advisory Corp boosted its position in shares of BWX Technologies by 1,500.0% in the first quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock worth $33,000 after acquiring an additional 300 shares during the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in BWX Technologies in the fourth quarter valued at approximately $25,000. Finally, EntryPoint Capital LLC increased its position in BWX Technologies by 534.1% during the first quarter. EntryPoint Capital LLC now owns 520 shares of the technology company’s stock worth $53,000 after purchasing an additional 438 shares during 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.