BWX Technologies, Inc. (NYSE:BWXT) Sees Large Decrease in Short Interest – MarketBeat
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BWX Technologies, Inc. (NYSE:BWXT – Get Rating) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 2,820,000 shares, a decline of 7.2% from the October 31st total of 3,040,000 shares. Currently, 3.1% of the company’s shares are short sold. Based on an average daily volume of 545,400 shares, the days-to-cover ratio is presently 5.2 days.
Analyst Ratings Changes
A number of brokerages have recently commented on BWXT. StockNews.com cut BWX Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 11th. Credit Suisse Group assumed coverage on BWX Technologies in a research report on Tuesday, October 11th. They issued an “outperform” rating and a $65.00 price objective for the company. Finally, Maxim Group upped their price target on BWX Technologies from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, November 29th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.67.
BWX Technologies Trading Up 1.6 %
NYSE BWXT opened at $62.23 on Monday. The company has a market cap of $5.68 billion, a PE ratio of 18.36, a PEG ratio of 4.01 and a beta of 0.79. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 1.88. BWX Technologies has a 12 month low of $42.58 and a 12 month high of $62.84. The stock has a 50 day moving average of $56.22 and a 200-day moving average of $54.33.
BWX Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 13th. Stockholders of record on Monday, November 21st will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, November 18th. BWX Technologies’s payout ratio is presently 25.96%.
Institutional Investors Weigh In On BWX Technologies
Several large investors have recently made changes to their positions in BWXT. 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 valued at $36,000 after buying an additional 198 shares during the last quarter. Lazard Asset Management LLC bought a new stake in BWX Technologies in the 1st quarter valued at $38,000. Herold Advisors Inc. bought a new stake in BWX Technologies in the 1st quarter valued at $48,000. Wipfli Financial Advisors LLC bought a new stake in BWX Technologies in the 3rd quarter valued at $48,000. Finally, Prospera Financial Services Inc bought a new stake in BWX Technologies in the 1st quarter valued at $57,000. Institutional investors and hedge funds own 99.97% of the company’s stock.
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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