BWX Technologies (NYSE:BWXT) Cut to Hold at StockNews.com

StockNews.com downgraded shares of BWX Technologies (NYSE:BWXT) from a buy rating to a hold rating in a research note published on Thursday morning.

A number of other research analysts have also recently issued reports on BWXT. Bank of America lifted their price objective 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 assumed coverage on shares of BWX Technologies in a research note on Wednesday. They set a buy rating and a $110.00 price objective on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of BWX Technologies from $110.00 to $107.00 and set a buy rating for the company in a report on Monday, June 10th. CLSA assumed coverage on BWX Technologies in a report on Monday, June 3rd. They issued a buy rating on the stock. Finally, Janney Montgomery Scott initiated coverage on BWX Technologies in a report on Thursday. They set a buy rating and a $113.00 price target for the company. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $96.33.

BWX Technologies Price Performance

Shares of BWX Technologies stock opened at $94.98 on Thursday. BWX Technologies has a twelve month low of $67.91 and a twelve month high of $107.18. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.24 and a current ratio of 2.24. The firm has a market cap of $8.68 billion, a P/E ratio of 34.29, a price-to-earnings-growth ratio of 3.55 and a beta of 0.71. The firm’s 50-day simple moving average is $91.31 and its 200-day simple moving average is $89.55.

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

BWX Technologies Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. raised its stake in shares of BWX Technologies by 11,107.7% during the first quarter. Bessemer Group Inc. now owns 834,973 shares of the technology company’s stock worth $85,684,000 after buying an additional 827,523 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of BWX Technologies during the 1st quarter valued at $42,106,000. Frontier Capital Management Co. LLC lifted its stake in shares of BWX Technologies by 28.8% in the 4th quarter. Frontier Capital Management Co. LLC now owns 967,317 shares of the technology company’s stock valued at $74,222,000 after purchasing an additional 216,525 shares during the period. Van ECK Associates Corp boosted its position in shares of BWX Technologies by 97.7% in the 1st quarter. Van ECK Associates Corp now owns 358,199 shares of the technology company’s stock worth $36,759,000 after purchasing an additional 177,030 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of BWX Technologies by 41.3% during the fourth quarter. First Trust Advisors LP now owns 330,559 shares of the technology company’s stock worth $25,364,000 after purchasing an additional 96,629 shares during the period. 94.39% of the stock is currently owned by institutional investors and hedge funds.

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.