BWX Technologies (NYSE:BWXT) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of BWX Technologies (NYSE:BWXT – Free Report) from a hold rating to a buy rating in a research note released on Saturday.

A number of other research analysts have also recently commented on BWXT. Truist Financial raised their target price on BWX Technologies from $173.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. Northland Capmk upgraded BWX Technologies to a “strong-buy” rating in a report on Tuesday, September 9th. Weiss Ratings cut shares of BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of BWX Technologies and gave the stock a “hold” rating in a research report on Wednesday, October 8th. Finally, William Blair reissued an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, September 17th. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $179.62.

Read Our Latest Analysis on BWX Technologies

BWX Technologies Trading Up 2.8%

NYSE BWXT opened at $198.91 on Friday. The stock has a market cap of $18.19 billion, a P/E ratio of 62.16, a price-to-earnings-growth ratio of 4.24 and a beta of 0.78. BWX Technologies has a fifty-two week low of $84.21 and a fifty-two week high of $218.50. The stock has a 50 day simple moving average of $188.11 and a two-hundred day simple moving average of $156.41. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69.

BWX Technologies (NYSE:BWXT – Get Free Report) last issued its quarterly earnings data on Monday, November 3rd. The technology company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.85 by $0.15. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The business had revenue of $866.29 million during the quarter, compared to analyst estimates of $795.48 million. During the same period in the prior year, the business earned $0.83 EPS. The company’s revenue for the quarter was up 28.9% on a year-over-year basis. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. On average, analysts forecast that BWX Technologies will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, November 19th. BWX Technologies’s payout ratio is currently 30.03%.

Institutional Trading of BWX Technologies

Several hedge funds have recently made changes to their positions in the business. North Star Asset Management Inc. grew its position in BWX Technologies by 7.1% in the third quarter. North Star Asset Management Inc. now owns 1,901 shares of the technology company’s stock worth $350,000 after acquiring an additional 126 shares in the last quarter. Optiver Holding B.V. bought a new stake in shares of BWX Technologies in the 3rd quarter valued at approximately $105,000. Waratah Capital Advisors Ltd. lifted its stake in shares of BWX Technologies by 382.3% in the 3rd quarter. Waratah Capital Advisors Ltd. now owns 33,392 shares of the technology company’s stock valued at $6,156,000 after purchasing an additional 26,468 shares during the last quarter. Monetta Financial Services Inc. purchased a new position in shares of BWX Technologies in the 3rd quarter worth approximately $1,291,000. Finally, Chase Investment Counsel Corp bought a new position in shares of BWX Technologies during the 3rd quarter valued at approximately $727,000. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

About BWX Technologies

(Get Free Report)

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.

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