BWX Technologies (NYSE:BWXT) Given New $115.00 Price Target at Bank of America

BWX Technologies (NYSE:BWXT) had its price objective hoisted by Bank of America from $82.00 to $115.00 in a research report released on Thursday, Benzinga reports. Bank of America currently has a buy rating on the technology company’s stock.

Other equities analysts also recently issued research reports about the stock. StockNews.com downgraded shares of BWX Technologies from a buy rating to a hold rating in a research note on Tuesday, March 12th. Truist Financial reiterated a hold rating and issued a $95.00 target price (down previously from $110.00) on shares of BWX Technologies in a research note on Monday. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $89.00.

BWX Technologies Stock Performance

NYSE BWXT opened at $102.62 on Thursday. BWX Technologies has a 52-week low of $60.17 and a 52-week high of $107.18. The company has a 50-day simple moving average of $92.29 and a 200 day simple moving average of $82.07. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.18 and a current ratio of 2.18. The company has a market capitalization of $9.38 billion, a PE ratio of 38.15, a price-to-earnings-growth ratio of 3.84 and a beta of 0.73.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Tuesday, February 27th. The technology company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.07. The firm had revenue of $725.52 million during the quarter, compared to the consensus estimate of $659.42 million. BWX Technologies had a net margin of 9.85% and a return on equity of 32.38%. The company’s revenue was up 16.2% on a year-over-year basis. During the same quarter last year, the company earned $0.93 earnings per share. On average, research analysts predict that BWX Technologies will post 3.13 EPS for the current year.

BWX Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 11th were given a $0.24 dividend. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Friday, March 8th. BWX Technologies’s dividend payout ratio (DPR) is 35.69%.

Institutional Investors Weigh In On BWX Technologies

Hedge funds have recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. bought a new stake in BWX Technologies during the fourth quarter valued at approximately $25,000. Sunbelt Securities Inc. bought a new stake in BWX Technologies during the first quarter valued at approximately $25,000. SRS Capital Advisors Inc. lifted its position in BWX Technologies by 322.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 553 shares of the technology company’s stock valued at $42,000 after purchasing an additional 422 shares during the last quarter. Fortis Group Advisors LLC bought a new stake in BWX Technologies during the third quarter valued at approximately $46,000. Finally, Millburn Ridgefield Corp bought a new stake in BWX Technologies during the third quarter valued at approximately $50,000. 94.39% of the stock is currently owned by institutional investors.

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; undertakes fabrication activities for missile launch tubes for U.S.