BWX Technologies (NYSE:BWXT) Price Target Raised to $114.00 at Truist Financial

BWX Technologies (NYSE:BWXT) had its target price increased by Truist Financial from $106.00 to $114.00 in a research note released on Tuesday,Benzinga reports. They currently have a hold rating on the technology company’s stock.

A number of other research firms have also recently commented on BWXT. Bank of America upped their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Alembic Global Advisors raised BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price for the company in a report on Tuesday, November 12th. StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Barclays lifted their target price on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research note on Monday, December 16th. Finally, Maxim Group upped their target price on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, BWX Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.50.

BWX Technologies Stock Performance

Shares of BWXT stock opened at $116.96 on Tuesday. The company has a market capitalization of $10.70 billion, a P/E ratio of 38.73, a P/E/G ratio of 4.12 and a beta of 0.73. BWX Technologies has a 12-month low of $78.47 and a 12-month high of $136.31. The business’s 50 day moving average is $121.44 and its two-hundred day moving average is $110.83. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. The firm had revenue of $672.00 million for the quarter, compared to analyst estimates of $658.84 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business’s revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. Analysts expect that BWX Technologies will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.82%. The ex-dividend date was Tuesday, November 19th. BWX Technologies’s payout ratio is currently 31.79%.

Hedge Funds Weigh In On BWX Technologies

Several institutional investors and hedge funds have recently bought and sold shares of BWXT. Stone House Investment Management LLC lifted its holdings in BWX Technologies by 76.2% in the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock valued at $25,000 after acquiring an additional 99 shares during the last quarter. Quent Capital LLC boosted its stake in BWX Technologies by 147.6% during the third quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock worth $28,000 after buying an additional 152 shares during the period. UMB Bank n.a. increased its holdings in BWX Technologies by 729.0% in the 3rd quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock valued at $28,000 after purchasing an additional 226 shares during the last quarter. Quarry LP grew its stake in shares of BWX Technologies by 93.6% in the third quarter. Quarry LP now owns 271 shares of the technology company’s stock valued at $29,000 after buying an additional 131 shares in the last quarter. Finally, V Square Quantitative Management LLC purchased a new stake in shares of BWX Technologies in the 3rd quarter valued at $31,000. 94.39% of the stock is currently owned by institutional investors and hedge funds.

About BWX Technologies

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.