BWX Technologies (NYSE:BWXT) Sets New 1-Year High – Still a Buy?

BWX Technologies, Inc. (NYSE:BWXT) reached a new 52-week high on Wednesday . The company traded as high as $129.79 and last traded at $129.38, with a volume of 80197 shares trading hands. The stock had previously closed at $126.93.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Alembic Global Advisors raised BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective on the stock in a research note on Tuesday. Truist Financial raised their price objective on BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their target price on BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Barclays lowered shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and lifted their target price for the company from $75.00 to $90.00 in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, BWX Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $116.00.

BWX Technologies Stock Up 5.1 %

The stock has a market capitalization of $12.20 billion, a PE ratio of 42.00, a price-to-earnings-growth ratio of 4.61 and a beta of 0.69. 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 business’s fifty day moving average price is $113.29 and its two-hundred day moving average price is $101.43.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. The business had revenue of $672.00 million during the quarter, compared to the consensus estimate of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 earnings per share. On average, equities research analysts forecast that BWX Technologies, Inc. will post 3.21 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Tuesday, November 19th. BWX Technologies’s dividend payout ratio is currently 31.79%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. CIBC Asset Management Inc lifted its holdings in BWX Technologies by 3.4% in the third quarter. CIBC Asset Management Inc now owns 2,667 shares of the technology company’s stock valued at $290,000 after acquiring an additional 87 shares during the last quarter. Blue Trust Inc. lifted its holdings in BWX Technologies by 37.2% in the second quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock valued at $46,000 after acquiring an additional 121 shares during the last quarter. Hancock Whitney Corp lifted its holdings in BWX Technologies by 5.8% in the third quarter. Hancock Whitney Corp now owns 2,434 shares of the technology company’s stock valued at $265,000 after acquiring an additional 133 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in BWX Technologies by 4.3% in the third quarter. Valeo Financial Advisors LLC now owns 3,539 shares of the technology company’s stock valued at $385,000 after acquiring an additional 145 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in BWX Technologies by 2.9% in the second quarter. Commonwealth Equity Services LLC now owns 5,293 shares of the technology company’s stock valued at $503,000 after purchasing an additional 149 shares during the period. 94.39% of the stock is currently owned by institutional investors and hedge funds.

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.