BWX Technologies (NYSE:BWXT) Sets New 12-Month High at $76.56

BWX Technologies, Inc. (NYSE:BWXT)’s stock price reached a new 52-week high on Monday . The stock traded as high as $76.56 and last traded at $76.44, with a volume of 229225 shares. The stock had previously closed at $74.82.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BWXT. Maxim Group lifted their price target on BWX Technologies from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, August 7th. Barclays lifted their price objective on shares of BWX Technologies from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 8th. StockNews.com initiated coverage on shares of BWX Technologies in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Truist Financial lifted their price target on shares of BWX Technologies from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Monday, August 14th. Finally, Bank of America lifted their price target on shares of BWX Technologies from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, August 7th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $79.17.

BWX Technologies Trading Up 2.0 %

The firm has a market capitalization of $6.98 billion, a price-to-earnings ratio of 31.04, a P/E/G ratio of 4.15 and a beta of 0.84. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.41 and a quick ratio of 2.41. The firm’s 50-day simple moving average is $71.90 and its 200 day simple moving average is $67.32.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The company had revenue of $612.40 million during the quarter, compared to analysts’ expectations of $558.25 million. BWX Technologies had a return on equity of 35.25% and a net margin of 9.63%. BWX Technologies’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 EPS. Equities analysts expect that BWX Technologies, Inc. will post 2.96 earnings per share for the current year.

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Thursday, August 17th were given a $0.23 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $0.92 dividend on an annualized basis and a yield of 1.21%. BWX Technologies’s dividend payout ratio is currently 37.55%.

Insider Transactions at BWX Technologies

In related news, Director Gerhard F. Burbach sold 1,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $74.07, for a total transaction of $74,070.00. Following the sale, the director now owns 1,391 shares of the company’s stock, valued at approximately $103,031.37. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other BWX Technologies news, Director Robert L. Nardelli purchased 2,000 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was purchased at an average cost of $71.23 per share, for a total transaction of $142,460.00. Following the transaction, the director now owns 2,000 shares in the company, valued at approximately $142,460. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gerhard F. Burbach sold 1,000 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $74.07, for a total value of $74,070.00. Following the completion of the sale, the director now owns 1,391 shares of the company’s stock, valued at $103,031.37. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On BWX Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Johnson Financial Group Inc. acquired a new stake in BWX Technologies during the 4th quarter valued at approximately $25,000. Sunbelt Securities Inc. acquired a new stake in shares of BWX Technologies during the first quarter worth $25,000. CWM LLC increased its position in shares of BWX Technologies by 62.3% during the second quarter. CWM LLC now owns 490 shares of the technology company’s stock worth $35,000 after buying an additional 188 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of BWX Technologies during the first quarter worth $38,000. Finally, Fifth Third Bancorp grew its holdings in BWX Technologies by 37.3% during the 2nd quarter. Fifth Third Bancorp now owns 710 shares of the technology company’s stock worth $51,000 after acquiring an additional 193 shares during the period. Institutional investors and hedge funds own 96.98% 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; undertakes fabrication activities for missile launch tubes for U.S.