BWX Technologies (NYSE:BWXT) Cut to Underweight at Barclays

Barclays cut shares of BWX Technologies (NYSE:BWXT) from an equal weight rating to an underweight rating in a research note issued to investors on Wednesday morning, MarketBeat reports. They currently have $90.00 price objective on the technology company’s stock, up from their prior price objective of $75.00.

A number of other research firms have also weighed in on BWXT. CLSA initiated coverage on shares of BWX Technologies in a research report on Monday, June 3rd. They issued a buy rating on the stock. Janney Montgomery Scott began coverage on shares of BWX Technologies in a research report on Thursday, June 27th. They set a buy rating and a $113.00 target price on the stock. Bank of America boosted their target price on shares of BWX Technologies from $82.00 to $115.00 and gave the stock a buy rating in a research report on Thursday, March 28th. StockNews.com lowered shares of BWX Technologies from a buy rating to a hold rating in a research report on Thursday, June 27th. Finally, BTIG Research began coverage on shares of BWX Technologies in a research report on Wednesday, June 26th. They set a buy rating and a $110.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $98.00.

BWX Technologies Stock Performance

NYSE:BWXT opened at $99.14 on Wednesday. The firm’s fifty day moving average price is $93.65 and its 200 day moving average price is $92.53. BWX Technologies has a 1-year low of $67.91 and a 1-year high of $107.18. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.24 and a quick ratio of 2.24. The firm has a market cap of $9.06 billion, a price-to-earnings ratio of 35.94, a price-to-earnings-growth ratio of 3.70 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, May 6th. The technology company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. BWX Technologies had a net margin of 10.00% and a return on equity of 31.57%. The firm had revenue of $603.97 million for the quarter, compared to analyst estimates of $599.92 million. During the same period last year, the firm posted $0.70 EPS. BWX Technologies’s quarterly revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts expect that BWX Technologies will post 3.19 EPS for the current year.

BWX Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Investors 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 annualized dividend and a dividend yield of 0.97%. BWX Technologies’s dividend payout ratio is presently 34.66%.

Institutional Investors Weigh In On BWX Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of BWX Technologies in the 4th quarter worth about $25,000. Quent Capital LLC boosted its position in shares of BWX Technologies by 146.6% in the 1st quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock worth $26,000 after buying an additional 151 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of BWX Technologies by 77.6% in the 1st quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock worth $28,000 after buying an additional 118 shares in the last quarter. Toth Financial Advisory Corp raised its stake in BWX Technologies by 1,500.0% in the 1st quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock valued at $33,000 after purchasing an additional 300 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its stake in BWX Technologies by 322.1% in 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 last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

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.