BWX Technologies, Inc. (NYSE:BWXT) Receives $127.50 Consensus Target Price from Analysts

BWX Technologies, Inc. (NYSE:BWXT) has been assigned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $124.38.

Several research analysts recently commented on the company. Bank of America reduced their target price on BWX Technologies from $160.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, March 26th. Truist Financial raised their price objective on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Barclays upped their target price on shares of BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research note on Monday, December 16th. Finally, Maxim Group raised their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, January 10th.

BWX Technologies Price Performance

NYSE:BWXT opened at $99.24 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The stock has a market cap of $9.07 billion, a P/E ratio of 32.86, a PEG ratio of 3.20 and a beta of 0.69. The company has a fifty day moving average price of $107.26 and a 200 day moving average price of $114.53. BWX Technologies has a one year low of $86.70 and a one year high of $136.31.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.12. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The business had revenue of $746.27 million during the quarter, compared to analysts’ expectations of $653.16 million. Analysts anticipate that BWX Technologies will post 3.23 earnings per share for the current year.

BWX Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.25 per share. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, March 11th. This represents a $1.00 annualized dividend and a dividend yield of 1.01%. BWX Technologies’s dividend payout ratio (DPR) is presently 32.57%.

Insider Activity

In other news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $104.92, for a total transaction of $209,840.00. Following the transaction, the senior vice president now directly owns 9,904 shares in the company, valued at approximately $1,039,127.68. This represents a 16.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rex D. Geveden sold 45,625 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $107.40, for a total transaction of $4,900,125.00. Following the completion of the sale, the chief executive officer now directly owns 218,218 shares of the company’s stock, valued at approximately $23,436,613.20. This represents a 17.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 53,625 shares of company stock worth $5,734,145. Insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. 111 Capital acquired a new position in BWX Technologies during the 4th quarter valued at about $364,000. Wealth Enhancement Advisory Services LLC lifted its holdings in BWX Technologies by 2.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,448 shares of the technology company’s stock valued at $830,000 after buying an additional 172 shares during the period. Centaurus Financial Inc. boosted its stake in BWX Technologies by 21.9% in the fourth quarter. Centaurus Financial Inc. now owns 1,840 shares of the technology company’s stock valued at $205,000 after acquiring an additional 330 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in BWX Technologies during the 4th quarter worth $34,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in BWX Technologies during the 4th quarter worth $40,000. Institutional investors and hedge funds own 94.39% of the company’s stock.

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.