BWX Technologies, Inc. (NYSE:BWXT) Short Interest Up 13.7% in June

BWX Technologies, Inc. (NYSE:BWXT) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 977,800 shares, a growth of 13.7% from the May 31st total of 860,100 shares. Based on an average trading volume of 615,300 shares, the short-interest ratio is currently 1.6 days. Approximately 1.1% of the shares of the stock are short sold.

Institutional Trading of BWX Technologies

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in BWX Technologies by 77.6% in the 1st quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock valued at $28,000 after buying an additional 118 shares in the last quarter. Stephens Inc. AR increased its position in BWX Technologies by 0.9% during the fourth quarter. Stephens Inc. AR now owns 16,286 shares of the technology company’s stock worth $1,250,000 after buying an additional 151 shares in the last quarter. Quent Capital LLC raised its holdings in shares of BWX Technologies by 146.6% in the first quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock worth $26,000 after acquiring an additional 151 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of BWX Technologies by 2.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,348 shares of the technology company’s stock valued at $1,165,000 after acquiring an additional 251 shares in the last quarter. Finally, Toth Financial Advisory Corp boosted its stake in shares of BWX Technologies by 1,500.0% during the first quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock valued at $33,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. BTIG Research assumed coverage on shares of BWX Technologies in a research note on Wednesday, June 26th. They issued a “buy” rating and a $110.00 target price on the stock. Truist Financial restated a “hold” rating and issued a $95.00 target price (down previously from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. CLSA started coverage on BWX Technologies in a research report on Monday, June 3rd. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft cut their target price on shares of BWX Technologies from $110.00 to $107.00 and set a “buy” rating on the stock in a research note on Monday, June 10th. Finally, Bank of America upped their price target on BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $96.33.

BWX Technologies Price Performance

NYSE:BWXT traded down $0.49 during trading hours on Monday, hitting $94.51. The company’s stock had a trading volume of 74,311 shares, compared to its average volume of 598,164. BWX Technologies has a 52-week low of $67.91 and a 52-week 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 business’s 50-day moving average is $91.38 and its two-hundred day moving average is $89.80. The company has a market capitalization of $8.64 billion, a PE ratio of 34.30, a PEG ratio of 3.58 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, May 6th. The technology company reported $0.76 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $599.92 million. During the same quarter last year, the business earned $0.70 earnings per share. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, research analysts anticipate that BWX Technologies will post 3.18 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Friday, May 17th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.96 annualized dividend and a yield of 1.02%. BWX Technologies’s dividend payout ratio is presently 34.66%.

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.