BWX Technologies, Inc. (NYSE:BWXT) Given Average Rating of … – MarketBeat
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Shares of BWX Technologies, Inc. (NYSE:BWXT – Get Rating) have been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $66.00.
A number of equities analysts have recently commented on BWXT shares. Credit Suisse Group started coverage on BWX Technologies in a research note on Tuesday, October 11th. They issued an “outperform” rating and a $65.00 price objective on the stock. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 11th. Barclays upgraded BWX Technologies from an “underweight” rating to an “equal weight” rating and set a $64.00 price target on the stock in a research note on Thursday, December 8th. Finally, Maxim Group boosted their price target on BWX Technologies from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, November 29th.
BWX Technologies Trading Up 0.3 %
BWX Technologies stock opened at $58.08 on Monday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 2.09 and a current ratio of 2.09. The business’s 50-day simple moving average is $58.80 and its 200-day simple moving average is $55.41. The firm has a market capitalization of $5.30 billion, a PE ratio of 17.13, a PEG ratio of 3.75 and a beta of 0.79. BWX Technologies has a 52 week low of $42.58 and a 52 week high of $62.84.
BWX Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 13th. Stockholders of record on Monday, November 21st were paid a $0.22 dividend. The ex-dividend date was Friday, November 18th. This represents a $0.88 annualized dividend and a dividend yield of 1.52%. BWX Technologies’s dividend payout ratio is currently 25.96%.
Institutional Investors Weigh In On BWX Technologies
Large investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust boosted its holdings in shares of BWX Technologies by 43.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 654 shares of the technology company’s stock worth $36,000 after acquiring an additional 198 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of BWX Technologies in the 1st quarter worth approximately $38,000. Wipfli Financial Advisors LLC acquired a new position in shares of BWX Technologies in the 3rd quarter worth approximately $48,000. First Horizon Advisors Inc. boosted its holdings in shares of BWX Technologies by 2,464.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,744 shares of the technology company’s stock worth $96,000 after acquiring an additional 1,676 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of BWX Technologies in the 2nd quarter worth approximately $106,000. 99.33% of the stock is currently owned by institutional investors.
BWX Technologies Company Profile
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BWX Technologies, Inc manufactures and sells nuclear components in the United States, Canada, and internationally. It operates in three segments: Nuclear Operations Group, Nuclear Power Group, and Nuclear Services Group. The Nuclear Operations Group segment provides precision naval and critical nuclear components, reactors, nuclear fuel, and assemblies for the United States Department of Energy/National Nuclear Security Administration's Naval Nuclear Propulsion Program and other uses; missile launch tubes for United States Navy submarines; close-tolerance and equipment for nuclear applications; and converts Cold War-era government stockpiles of high-enriched uranium, as well as receives, stores, characterizes, dissolves, recovers, and purifies uranium-bearing materials; supplies research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications.
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