BWX Technologies, Inc. (NYSE:BWXT) Short Interest Update

BWX Technologies, Inc. (NYSE:BWXT) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 889,300 shares, a drop of 7.5% from the March 15th total of 961,200 shares. Based on an average daily volume of 591,700 shares, the short-interest ratio is currently 1.5 days. Approximately 1.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Several research analysts have commented on BWXT shares. Truist Financial restated a “hold” rating and set a $95.00 price objective (down from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. StockNews.com cut BWX Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Finally, Bank of America raised their price objective on BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, BWX Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $89.00.

Hedge Funds Weigh In On BWX Technologies

Several large investors have recently bought and sold shares of BWXT. Benjamin F. Edwards & Company Inc. purchased a new position in shares of BWX Technologies during the fourth quarter worth about $25,000. Sunbelt Securities Inc. acquired a new stake in shares of BWX Technologies during the first quarter worth about $25,000. GAMMA Investing LLC boosted its stake in shares of BWX Technologies by 77.6% during the first quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock worth $28,000 after buying an additional 118 shares during the period. Toth Financial Advisory Corp boosted its stake in shares of BWX Technologies by 1,500.0% during the first quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock worth $33,000 after buying an additional 300 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in shares of BWX Technologies during the first quarter worth about $38,000. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Price Performance

Shares of BWXT stock traded down $0.20 during trading hours on Tuesday, reaching $93.65. The company had a trading volume of 710,840 shares, compared to its average volume of 605,659. BWX Technologies has a 12-month low of $60.17 and a 12-month high of $107.18. The company has a market capitalization of $8.56 billion, a price-to-earnings ratio of 34.81, a PEG ratio of 3.01 and a beta of 0.73. The stock has a fifty day moving average of $96.38 and a 200-day moving average of $84.24. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.18 and a current ratio of 2.18.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Tuesday, February 27th. The technology company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.07. BWX Technologies had a return on equity of 32.38% and a net margin of 9.85%. The company had revenue of $725.52 million for the quarter, compared to analysts’ expectations of $659.42 million. During the same period in the prior year, the firm earned $0.93 earnings per share. The firm’s revenue was up 16.2% compared to the same quarter last year. On average, equities analysts anticipate that BWX Technologies will post 3.14 earnings per share for the current year.

BWX Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 11th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Friday, March 8th. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.23. BWX Technologies’s dividend payout ratio is 35.69%.

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.