BWX Technologies (NYSE:BWXT) Earns Outperform Rating from Wedbush

Wedbush reiterated their outperform rating on shares of BWX Technologies (NYSE:BWXT) in a research note published on Wednesday morning,RTT News reports.

A number of other equities research analysts have also recently issued reports on the company. Maxim Group reaffirmed a “hold” rating on shares of BWX Technologies in a research report on Wednesday, August 6th. Northland Securities started coverage on BWX Technologies in a research report on Wednesday, September 10th. They issued an “outperform” rating and a $205.00 price target on the stock. Bank of America boosted their price objective on BWX Technologies from $155.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $150.00 target price (up previously from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. Finally, Truist Financial set a $145.00 price objective on shares of BWX Technologies and gave the stock a “hold” rating in a research note on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $160.83.

BWX Technologies Stock Performance

Shares of BWXT opened at $186.82 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 1.69 and a debt-to-equity ratio of 1.28. BWX Technologies has a 12 month low of $84.21 and a 12 month high of $190.01. The company’s fifty day moving average is $169.73 and its 200-day moving average is $137.18. The firm has a market cap of $17.08 billion, a price-to-earnings ratio of 58.38, a price-to-earnings-growth ratio of 4.21 and a beta of 0.78.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.23. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The company had revenue of $764.00 million for the quarter, compared to analyst estimates of $708.00 million. During the same period last year, the company earned $0.82 earnings per share. The business’s revenue was up 12.1% compared to the same quarter last year. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Equities analysts expect that BWX Technologies will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 18th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. BWX Technologies’s payout ratio is presently 31.25%.

Insider Buying and Selling

In other news, Director Leland D. Melvin sold 600 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $178.26, for a total value of $106,956.00. Following the sale, the director directly owned 5,579 shares in the company, valued at approximately $994,512.54. This represents a 9.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Rex D. Geveden sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $179.00, for a total value of $4,475,000.00. Following the transaction, the chief executive officer owned 197,594 shares of the company’s stock, valued at $35,369,326. This trade represents a 11.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,953 shares of company stock valued at $5,359,758 over the last ninety days. Company insiders own 0.47% of the company’s stock.

Institutional Trading of BWX Technologies

Several large investors have recently added to or reduced their stakes in BWXT. Corient Private Wealth LLC boosted its holdings in shares of BWX Technologies by 1.2% in the 2nd quarter. Corient Private Wealth LLC now owns 5,880 shares of the technology company’s stock worth $847,000 after acquiring an additional 69 shares in the last quarter. HHM Wealth Advisors LLC raised its position in BWX Technologies by 17.9% in the 2nd quarter. HHM Wealth Advisors LLC now owns 460 shares of the technology company’s stock valued at $66,000 after purchasing an additional 70 shares during the last quarter. JT Stratford LLC boosted its stake in BWX Technologies by 2.5% in the second quarter. JT Stratford LLC now owns 2,927 shares of the technology company’s stock worth $422,000 after purchasing an additional 72 shares in the last quarter. Intrua Financial LLC grew its holdings in shares of BWX Technologies by 3.9% during the first quarter. Intrua Financial LLC now owns 2,625 shares of the technology company’s stock worth $259,000 after purchasing an additional 99 shares during the last quarter. Finally, Oakworth Capital Inc. grew its holdings in shares of BWX Technologies by 10.0% during the second quarter. Oakworth Capital Inc. now owns 1,105 shares of the technology company’s stock worth $159,000 after purchasing an additional 100 shares during the last quarter. 94.39% of the stock is owned by institutional investors.

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.