BTIG Research Issues Positive Forecast for BWX Technologies (NYSE:BWXT) Stock Price

BWX Technologies (NYSE:BWXT) had its target price hoisted by BTIG Research from $200.00 to $225.00 in a research report released on Friday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other analysts have also recently commented on the company. Weiss Ratings cut BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Bank of America increased their price objective on BWX Technologies from $155.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Wedbush reaffirmed an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, October 1st. Zacks Research upgraded BWX Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Finally, Truist Financial raised their price target on shares of BWX Technologies from $173.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.62.

BWX Technologies Trading Down 0.3%

Shares of BWXT traded down $0.51 during midday trading on Friday, hitting $193.42. The stock had a trading volume of 1,462,187 shares, compared to its average volume of 1,168,933. The business has a 50-day simple moving average of $187.37 and a two-hundred day simple moving average of $155.05. The firm has a market cap of $17.68 billion, a P/E ratio of 60.44, a price-to-earnings-growth ratio of 4.24 and a beta of 0.78. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28. BWX Technologies has a fifty-two week low of $84.21 and a fifty-two week high of $218.50.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, November 3rd. The technology company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.15. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The business had revenue of $866.29 million for the quarter, compared to analyst estimates of $795.48 million. During the same quarter in the previous year, the business earned $0.83 earnings per share. The firm’s revenue was up 28.9% compared to the same quarter last year. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. As a group, equities analysts forecast that BWX Technologies will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 19th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, November 19th. BWX Technologies’s payout ratio is currently 30.03%.

Insider Buying and Selling at BWX Technologies

In other BWX Technologies news, Director Leland D. Melvin sold 600 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $178.26, for a total transaction of $106,956.00. Following the transaction, the director directly owned 5,579 shares of the company’s stock, valued at $994,512.54. This represents a 9.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the firm’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $177.43, for a total value of $371,183.56. Following the transaction, the senior vice president owned 10,149 shares in the company, valued at approximately $1,800,737.07. This trade represents a 17.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its holdings in BWX Technologies by 3.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 252,887 shares of the technology company’s stock worth $24,947,000 after purchasing an additional 7,255 shares during the last quarter. Valeo Financial Advisors LLC raised its position in shares of BWX Technologies by 14.4% in the first quarter. Valeo Financial Advisors LLC now owns 4,507 shares of the technology company’s stock valued at $445,000 after purchasing an additional 568 shares during the period. State of Michigan Retirement System lifted its stake in shares of BWX Technologies by 0.9% in the first quarter. State of Michigan Retirement System now owns 21,900 shares of the technology company’s stock worth $2,160,000 after buying an additional 200 shares during the last quarter. Xponance Inc. boosted its holdings in shares of BWX Technologies by 1.4% during the 1st quarter. Xponance Inc. now owns 12,176 shares of the technology company’s stock worth $1,201,000 after buying an additional 168 shares during the period. Finally, Stephens Inc. AR boosted its holdings in shares of BWX Technologies by 5.2% during the 1st quarter. Stephens Inc. AR now owns 17,394 shares of the technology company’s stock worth $1,716,000 after buying an additional 864 shares during the period. Institutional investors and hedge funds 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.