BWX Technologies (NYSE:BWXT) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

BWX Technologies, Inc. (NYSE:BWXT)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $122.65 and traded as low as $110.81. BWX Technologies shares last traded at $111.48, with a volume of 449,252 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BWXT shares. Barclays increased their price objective on BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a report on Monday, December 16th. StockNews.com downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Bank of America boosted their price objective on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Truist Financial raised their target price on shares of BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Finally, Alembic Global Advisors raised BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target on the stock in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $124.57.

BWX Technologies Stock Up 0.1 %

The company has a market cap of $10.19 billion, a price-to-earnings ratio of 36.91, a P/E/G ratio of 4.12 and a beta of 0.70. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The firm has a 50-day moving average price of $122.65 and a 200 day moving average price of $109.57.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm had revenue of $672.00 million for the quarter, compared to analyst estimates of $658.84 million. During the same period in the prior year, the firm posted $0.67 EPS. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. Sell-side analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.86%. BWX Technologies’s payout ratio is presently 31.79%.

Institutional Investors Weigh In On BWX Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in BWXT. JPMorgan Chase & Co. raised its stake in BWX Technologies by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 272,271 shares of the technology company’s stock valued at $29,596,000 after purchasing an additional 2,984 shares in the last quarter. Retirement Systems of Alabama raised its position in shares of BWX Technologies by 9.1% in the 3rd quarter. Retirement Systems of Alabama now owns 123,132 shares of the technology company’s stock valued at $13,384,000 after buying an additional 10,310 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of BWX Technologies by 9.5% during the 3rd quarter. Tidal Investments LLC now owns 23,456 shares of the technology company’s stock worth $2,550,000 after acquiring an additional 2,030 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of BWX Technologies during the 3rd quarter worth approximately $230,000. Finally, Sanctuary Advisors LLC boosted its position in shares of BWX Technologies by 1,249.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 86,509 shares of the technology company’s stock worth $9,404,000 after acquiring an additional 80,098 shares in the last quarter. 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.