Bank of America Forecasts Strong Price Appreciation for BWX Technologies (NYSE:BWXT) Stock

BWX Technologies (NYSE:BWXT) had its price objective lifted by Bank of America from $115.00 to $160.00 in a report released on Thursday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

BWXT has been the topic of a number of other reports. Truist Financial raised their price target on BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft boosted their price target on BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Barclays downgraded BWX Technologies from an “equal weight” rating to an “underweight” rating and boosted their target price for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target on the stock in a research report on Tuesday, November 12th. Finally, StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $122.43.

BWX Technologies Stock Performance

BWX Technologies stock opened at $126.25 on Thursday. BWX Technologies has a fifty-two week low of $74.69 and a fifty-two week high of $136.31. The stock has a market cap of $11.54 billion, a price-to-earnings ratio of 41.80, a PEG ratio of 4.61 and a beta of 0.69. The stock’s 50 day simple moving average is $115.18 and its two-hundred day simple moving average is $102.12. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25.

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

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be paid a $0.24 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $0.96 annualized dividend and a yield of 0.76%. BWX Technologies’s dividend payout ratio (DPR) is presently 31.79%.

Institutional Investors Weigh In On BWX Technologies

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