BWX Technologies (NYSE:BWXT) Reaches New 52-Week High at $107.24

BWX Technologies, Inc. (NYSE:BWXT)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $107.24 and last traded at $107.24, with a volume of 379631 shares. The stock had previously closed at $102.84.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Janney Montgomery Scott began coverage on shares of BWX Technologies in a report on Thursday, June 27th. They set a “buy” rating and a $113.00 price target for the company. BTIG Research began 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 for the company. Barclays lowered BWX Technologies from an “equal weight” rating to an “underweight” rating and increased their price target for the stock from $75.00 to $90.00 in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on BWX Technologies from $112.00 to $113.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Finally, CLSA initiated coverage on BWX Technologies in a research note on Monday, June 3rd. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, BWX Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.57.

BWX Technologies Price Performance

The stock has a market cap of $9.65 billion, a PE ratio of 37.13, a price-to-earnings-growth ratio of 3.51 and a beta of 0.71. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.21. The company’s fifty day moving average is $99.13 and its 200 day moving average is $96.22.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, August 5th. The technology company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. BWX Technologies had a net margin of 10.29% and a return on equity of 31.93%. The business had revenue of $681.50 million for the quarter, compared to the consensus estimate of $639.31 million. During the same quarter last year, the firm posted $0.65 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.2 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 16th were paid a $0.24 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.91%. BWX Technologies’s dividend payout ratio (DPR) is currently 34.66%.

Hedge Funds Weigh In On BWX Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quent Capital LLC lifted its position in shares of BWX Technologies by 146.6% during the first quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock worth $26,000 after purchasing an additional 151 shares in the last quarter. GAMMA Investing LLC lifted its holdings in BWX Technologies by 77.6% in the 1st quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock worth $28,000 after buying an additional 118 shares in the last quarter. Toth Financial Advisory Corp boosted its position in BWX Technologies by 1,500.0% in the 1st quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock valued at $33,000 after buying an additional 300 shares during the last quarter. Blue Trust Inc. grew its stake in shares of BWX Technologies by 37.2% during the second quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock valued at $46,000 after acquiring an additional 121 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of BWX Technologies during the second quarter valued at about $45,000. 94.39% of the stock is 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.