BWX Technologies (NYSE:BWXT) Hits New 52-Week High at $109.50

BWX Technologies, Inc. (NYSE:BWXT) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $109.50 and last traded at $109.50, with a volume of 1700 shares traded. The stock had previously closed at $108.59.

Analyst Upgrades and Downgrades

BWXT has been the subject of a number of analyst reports. Janney Montgomery Scott initiated coverage on BWX Technologies in a research note on Thursday, June 27th. They issued a “buy” rating and a $113.00 price target for the company. Deutsche Bank Aktiengesellschaft upped their price target on shares of BWX Technologies from $112.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. BTIG Research initiated coverage on shares of BWX Technologies in a research report on Wednesday, June 26th. They issued a “buy” rating and a $110.00 price objective for the company. Barclays cut shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and upped their target price for the company from $75.00 to $90.00 in a report on Wednesday, July 24th. Finally, CLSA initiated coverage on BWX Technologies in a report on Monday, June 3rd. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $102.57.

BWX Technologies Stock Performance

The stock’s 50 day moving average is $99.60 and its 200 day moving average is $96.37. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.21. The firm has a market cap of $10.01 billion, a price-to-earnings ratio of 39.20, a price-to-earnings-growth ratio of 3.84 and a beta of 0.71.

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

BWX Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Friday, August 16th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Friday, August 16th. BWX Technologies’s dividend payout ratio is 34.66%.

Institutional Trading of BWX Technologies

A number of institutional investors have recently bought and sold shares of BWXT. TD Asset Management Inc boosted its stake in shares of BWX Technologies by 6.0% in the fourth quarter. TD Asset Management Inc now owns 254,600 shares of the technology company’s stock valued at $19,535,000 after buying an additional 14,400 shares during the period. Stifel Financial Corp raised its holdings in BWX Technologies by 2.3% in the 4th quarter. Stifel Financial Corp now owns 202,475 shares of the technology company’s stock valued at $15,536,000 after acquiring an additional 4,598 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in shares of BWX Technologies by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 40,492 shares of the technology company’s stock valued at $3,107,000 after acquiring an additional 390 shares during the period. TFO Wealth Partners LLC grew its holdings in shares of BWX Technologies by 267,700.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,678 shares of the technology company’s stock worth $205,000 after purchasing an additional 2,677 shares in the last quarter. Finally, Evoke Wealth LLC bought a new position in shares of BWX Technologies in the fourth quarter worth $764,000. Institutional investors own 94.39% of the company’s stock.

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.