BWX Technologies, Inc. (NYSE:BWXT) Given Average Recommendation of "Moderate Buy" by Brokerages – MarketBeat

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Shares of BWX Technologies, Inc. (NYSE:BWXT – Get Rating) have received an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $64.00.
Separately, StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, August 11th.

BWX Technologies Stock Down 0.6 %

BWXT stock opened at $51.42 on Monday. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 1.96. BWX Technologies has a twelve month low of $42.58 and a twelve month high of $62.53. The company’s 50 day moving average is $54.67 and its two-hundred day moving average is $52.78. The stock has a market cap of $4.69 billion, a P/E ratio of 15.35, a PEG ratio of 2.53 and a beta of 0.77.
BWX Technologies (NYSE:BWXT – Get Rating) last announced its quarterly earnings data on Monday, August 8th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.09. The company had revenue of $554.00 million for the quarter, compared to analysts’ expectations of $544.13 million. BWX Technologies had a net margin of 14.27% and a return on equity of 46.29%. BWX Technologies’s revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 EPS. Research analysts expect that BWX Technologies will post 3.21 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Friday, August 19th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Thursday, August 18th. BWX Technologies’s dividend payout ratio is presently 26.27%.

Hedge Funds Weigh In On BWX Technologies

Several large investors have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its position in BWX Technologies by 43.4% in the second quarter. Parkside Financial Bank & Trust now owns 654 shares of the technology company’s stock worth $36,000 after buying an additional 198 shares during the period. Prudential Financial Inc. increased its position in BWX Technologies by 4.5% in the second quarter. Prudential Financial Inc. now owns 5,437 shares of the technology company’s stock worth $291,000 after buying an additional 234 shares during the period. Advisor Group Holdings Inc. increased its holdings in shares of BWX Technologies by 1.7% during the first quarter. Advisor Group Holdings Inc. now owns 15,106 shares of the technology company’s stock valued at $814,000 after purchasing an additional 246 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of BWX Technologies by 2.4% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,549 shares of the technology company’s stock valued at $622,000 after purchasing an additional 268 shares during the period. Finally, Xponance Inc. increased its holdings in shares of BWX Technologies by 3.9% during the first quarter. Xponance Inc. now owns 8,215 shares of the technology company’s stock valued at $442,000 after purchasing an additional 312 shares during the period. 99.97% of the stock is currently owned by institutional investors.

BWX Technologies Company Profile

(Get Rating)
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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