Analysts Set BWX Technologies, Inc. (NYSE:BWXT) Target Price at $64.00

BWX Technologies, Inc. (NYSE:BWXT – Get Rating) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $64.00.

Separately, StockNews.com raised BWX Technologies from a “hold” rating to a “buy” rating in a research report on Thursday.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. boosted its position in BWX Technologies by 10.3% in the first quarter. Vestnet Asset Management Inc. now owns 139,772 shares of the technology company’s stock worth $7,528,000 after purchasing an additional 13,090 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of BWX Technologies by 8.0% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 59,074 shares of the technology company’s stock valued at $3,182,000 after buying an additional 4,389 shares during the last quarter. M&T Bank Corp lifted its position in shares of BWX Technologies by 4.4% during the 4th quarter. M&T Bank Corp now owns 37,974 shares of the technology company’s stock valued at $1,818,000 after buying an additional 1,595 shares during the last quarter. Toronto Dominion Bank purchased a new position in shares of BWX Technologies during the 4th quarter valued at $268,000. Finally, Hawk Ridge Capital Management LP lifted its position in shares of BWX Technologies by 178.4% during the 1st quarter. Hawk Ridge Capital Management LP now owns 796,415 shares of the technology company’s stock valued at $42,895,000 after buying an additional 510,312 shares during the last quarter. Hedge funds and other institutional investors own 97.26% of the company’s stock.

BWX Technologies Trading Up 1.7%

Shares of BWXT stock opened at $54.80 on Thursday. The company has a market cap of $5.00 billion, a P/E ratio of 16.36, a PEG ratio of 2.57 and a beta of 0.77. The stock has a 50 day simple moving average of $54.07 and a two-hundred day simple moving average of $51.92. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.94 and a current ratio of 2.08. BWX Technologies has a fifty-two week low of $42.58 and a fifty-two week high of $62.53.

BWX Technologies (NYSE:BWXT – Get Rating) last released its quarterly earnings data on Monday, August 8th. The technology company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.75 by $0.07. The firm had revenue of $554.00 million during the quarter, compared to the consensus estimate of $544.13 million. BWX Technologies had a return on equity of 46.29% and a net margin of 14.27%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.62 earnings per share. Research analysts forecast that BWX Technologies will post 3.21 earnings per share for the current year.

BWX Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Friday, August 19th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $0.88 annualized dividend and a yield of 1.61%. BWX Technologies’s dividend payout ratio is currently 26.27%.

About BWX Technologies

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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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