BWX Technologies (NYSE:BWXT) Receives New Coverage from Analysts at Janney Montgomery Scott

Janney Montgomery Scott assumed coverage on shares of BWX Technologies (NYSE:BWXT) in a report released on Thursday, Marketbeat reports. The brokerage issued a buy rating and a $113.00 price objective on the technology company’s stock.

Other equities research analysts have also recently issued research reports about the stock. StockNews.com upgraded shares of BWX Technologies from a hold rating to a buy rating in a report on Wednesday, May 8th. Truist Financial restated a hold rating and issued a $95.00 price target (down from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. BTIG Research started coverage on BWX Technologies in a research report on Wednesday. They set a buy rating and a $110.00 price objective for the company. Deutsche Bank Aktiengesellschaft cut their price target on BWX Technologies from $110.00 to $107.00 and set a buy rating for the company in a research note on Monday, June 10th. Finally, Bank of America increased their price objective on shares of BWX Technologies from $82.00 to $115.00 and gave the stock a buy rating in a research note on Thursday, March 28th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $96.33.

BWX Technologies Stock Up 0.0 %

BWXT stock opened at $95.00 on Thursday. The stock has a market capitalization of $8.68 billion, a P/E ratio of 34.30, a P/E/G ratio of 3.58 and a beta of 0.71. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.24 and a quick ratio of 2.24. BWX Technologies has a 1-year low of $67.91 and a 1-year high of $107.18. The business has a fifty day moving average price of $91.38 and a 200-day moving average price of $89.73.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The business had revenue of $603.97 million during the quarter, compared to analyst estimates of $599.92 million. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. BWX Technologies’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.70 EPS. Equities analysts forecast that BWX Technologies will post 3.19 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Friday, May 17th were given a $0.24 dividend. The ex-dividend date was Thursday, May 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.01%. BWX Technologies’s payout ratio is currently 34.66%.

Institutional Trading of BWX Technologies

Several institutional investors and hedge funds have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. bought a new position in BWX Technologies in the 4th quarter worth $25,000. Quent Capital LLC boosted its stake in shares of BWX Technologies by 146.6% in the first quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock worth $26,000 after acquiring an additional 151 shares during the period. GAMMA Investing LLC grew its position 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 purchasing an additional 118 shares in the last quarter. Toth Financial Advisory Corp grew its position 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 purchasing an additional 300 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its stake in BWX Technologies by 322.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 553 shares of the technology company’s stock valued at $42,000 after purchasing an additional 422 shares during the period. 94.39% of the stock is currently owned by institutional investors.

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.