BWX Technologies, Inc. (NYSE:BWXT) Sees Significant Growth in Short Interest

BWX Technologies, Inc. (NYSE:BWXT) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 938,900 shares, an increase of 9.9% from the September 30th total of 854,700 shares. Based on an average daily volume of 645,400 shares, the short-interest ratio is currently 1.5 days. Approximately 1.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its stake in BWX Technologies by 77.8% in the 2nd quarter. AQR Capital Management LLC now owns 132,263 shares of the technology company’s stock worth $12,565,000 after purchasing an additional 57,879 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in BWX Technologies by 105.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,239 shares of the technology company’s stock worth $1,872,000 after purchasing an additional 9,344 shares during the period. Bridges Investment Management Inc. boosted its position in shares of BWX Technologies by 76.3% during the 2nd quarter. Bridges Investment Management Inc. now owns 359,147 shares of the technology company’s stock valued at $34,119,000 after acquiring an additional 155,387 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of BWX Technologies during the 1st quarter valued at about $1,096,000. Finally, Russell Investments Group Ltd. boosted its position in shares of BWX Technologies by 39.9% during the 1st quarter. Russell Investments Group Ltd. now owns 111,757 shares of the technology company’s stock valued at $11,469,000 after acquiring an additional 31,845 shares during the last quarter. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Stock Up 1.4 %

Shares of NYSE BWXT opened at $125.52 on Wednesday. BWX Technologies has a one year low of $72.91 and a one year high of $128.00. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.23 and a quick ratio of 2.23. The business’s fifty day moving average price is $109.13 and its 200-day moving average price is $99.41. The stock has a market capitalization of $11.47 billion, a PE ratio of 45.31, a P/E/G ratio of 4.25 and a beta of 0.71.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, August 5th. The technology company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.76 by $0.06. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. The business had revenue of $681.50 million during the quarter, compared to the consensus estimate of $639.31 million. During the same quarter last year, the company earned $0.65 EPS. The firm’s revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts anticipate that BWX Technologies will post 3.2 EPS for the current year.

BWX Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders 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 annualized dividend and a yield of 0.76%. BWX Technologies’s dividend payout ratio is currently 34.66%.

Analyst Ratings Changes

Several research firms have weighed in on BWXT. Barclays cut BWX Technologies from an “equal weight” rating to an “underweight” rating and boosted their price objective for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on BWX Technologies from $113.00 to $129.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, StockNews.com raised 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 assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $104.86.

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.