BWX Technologies (NYSE:BWXT) Hits New 12-Month High – Here’s Why

Shares of BWX Technologies, Inc. (NYSE:BWXT) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $118.74 and last traded at $118.68, with a volume of 107981 shares. The stock had previously closed at $116.82.

Analyst Ratings Changes

BWXT has been the subject of a number of recent analyst reports. Barclays downgraded shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and raised their price objective for the company from $75.00 to $90.00 in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised their price objective on BWX Technologies from $113.00 to $129.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Janney Montgomery Scott began coverage on shares of BWX Technologies in a research report on Thursday, June 27th. They set a “buy” rating and a $113.00 price target for the company. BTIG Research began coverage on BWX Technologies in a research note on Wednesday, June 26th. They issued a “buy” rating and a $110.00 price objective on the stock. Finally, StockNews.com upgraded BWX Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, BWX Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $104.86.

BWX Technologies Stock Up 1.4 %

The company has a market capitalization of $10.83 billion, a price-to-earnings ratio of 42.17, a PEG ratio of 3.84 and a beta of 0.71. The firm has a 50-day moving average price of $101.55 and a two-hundred day moving average price of $97.05. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.23 and a quick ratio of 2.23.

BWX Technologies (NYSE:BWXT) last announced its quarterly 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 analyst estimates of $639.31 million. During the same quarter in the prior year, the business earned $0.65 EPS. BWX Technologies’s quarterly revenue was up 11.3% on a year-over-year basis. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Friday, August 16th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Friday, August 16th. BWX Technologies’s dividend payout ratio (DPR) is presently 34.66%.

Institutional Trading of BWX Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in BWXT. Bessemer Group Inc. grew its holdings in shares of BWX Technologies by 11,107.7% during the 1st quarter. Bessemer Group Inc. now owns 834,973 shares of the technology company’s stock valued at $85,684,000 after purchasing an additional 827,523 shares during the last quarter. Thrivent Financial for Lutherans increased its position in BWX Technologies by 1,121.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 578,068 shares of the technology company’s stock valued at $54,916,000 after purchasing an additional 530,749 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in shares of BWX Technologies in the 1st quarter worth about $42,106,000. Sapient Capital LLC bought a new position in shares of BWX Technologies during the 2nd quarter worth approximately $29,408,000. Finally, Van ECK Associates Corp increased its stake in BWX Technologies by 79.1% in the second quarter. Van ECK Associates Corp now owns 641,671 shares of the technology company’s stock valued at $60,958,000 after purchasing an additional 283,472 shares in the last quarter. Institutional investors own 94.39% of the company’s stock.

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.