BWX Technologies (NYSE:BWXT) Shares Up 8.2% – Still a Buy?

BWX Technologies, Inc. (NYSE:BWXT)’s share price shot up 8.2% during trading on Tuesday. The company traded as high as $146.41 and last traded at $146.43. Approximately 258,216 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 1,037,997 shares. The stock had previously closed at $135.35.

Wall Street Analyst Weigh In

A number of brokerages have commented on BWXT. JPMorgan Chase & Co. initiated coverage on BWX Technologies in a research note on Monday, July 27th. They issued an “overweight” rating and a $230.00 target price for the company. BNP Paribas Exane reduced their price objective on BWX Technologies from $190.00 to $165.00 and set a “neutral” rating for the company in a research report on Thursday, September 24th. Wall Street Zen downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Citigroup reaffirmed an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, September 30th. Finally, Jefferies Financial Group started coverage on BWX Technologies in a research note on Thursday, September 3rd. They issued a “buy” rating and a $181.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $208.33.

BWX Technologies Stock Up 7.9%

The firm’s 50 day simple moving average is $155.37 and its 200 day simple moving average is $185.67. The company has a market cap of $13.37 billion, a price-to-earnings ratio of 37.87, a price-to-earnings-growth ratio of 2.06 and a beta of 0.74. The company has a quick ratio of 2.33, a current ratio of 2.40 and a debt-to-equity ratio of 1.51.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, August 3rd. The technology company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. BWX Technologies had a return on equity of 30.83% and a net margin of 10.11%.The company had revenue of $901.62 million for the quarter, compared to analysts’ expectations of $902.41 million. During the same quarter in the previous year, the company posted $1.02 earnings per share. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. BWX Technologies has set its FY 2026 guidance at 4.700-4.800 EPS. Sell-side analysts anticipate that BWX Technologies, Inc. will post 4.75 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, August 18th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $1.08 annualized dividend and a yield of 0.7%. BWX Technologies’s payout ratio is presently 27.98%.

Insider Transactions at BWX Technologies

In other BWX Technologies news, CEO Rex D. Geveden sold 10,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $172.50, for a total transaction of $1,725,000.00. Following the completion of the transaction, the chief executive officer owned 192,491 shares in the company, valued at approximately $33,204,697.50. The trade was a 4.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On BWX Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of BWXT. Stonebridge Financial Group LLC increased its stake in BWX Technologies by 3.9% during the 3rd quarter. Stonebridge Financial Group LLC now owns 43,904 shares of the technology company’s stock valued at $6,015,000 after buying an additional 1,636 shares during the period. QRG Capital Management Inc. lifted its stake in shares of BWX Technologies by 14.2% in the 2nd quarter. QRG Capital Management Inc. now owns 2,807 shares of the technology company’s stock worth $546,000 after acquiring an additional 348 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of BWX Technologies by 3.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,935 shares of the technology company’s stock valued at $1,350,000 after acquiring an additional 260 shares in the last quarter. Security National Bank of SO Dak bought a new position in shares of BWX Technologies in the second quarter valued at approximately $29,000. Finally, Sequoia Financial Advisors LLC increased its stake in shares of BWX Technologies by 18.3% during the second quarter. Sequoia Financial Advisors LLC now owns 60,999 shares of the technology company’s stock valued at $11,873,000 after acquiring an additional 9,425 shares during the period. 94.39% of the stock is currently owned by institutional investors.

About BWX Technologies

BWX Technologies, Inc (NYSE:BWXT) is a provider of nuclear components, systems and services for government and commercial customers. The company is best known for designing and manufacturing nuclear reactors and related components for the U.S. Navy’s nuclear-powered aircraft carriers and submarines. It also supports the nuclear fuel cycle and provides engineering, manufacturing, maintenance and technical services for nuclear facilities.

BWXT serves the U.S. government, commercial nuclear power producers, research institutions and customers in the healthcare and space industries.