BWX Technologies, Inc. (NYSE:BWXT) Short Interest Update

BWX Technologies, Inc. (NYSE:BWXT) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 889,300 shares, a decline of 7.5% from the March 15th total of 961,200 shares. Based on an average trading volume of 591,700 shares, the short-interest ratio is presently 1.5 days. Approximately 1.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of BWX Technologies by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 8,677,218 shares of the technology company’s stock valued at $665,803,000 after buying an additional 65,137 shares during the last quarter. Wellington Management Group LLP lifted its holdings in BWX Technologies by 4.0% during the first quarter. Wellington Management Group LLP now owns 5,683,810 shares of the technology company’s stock worth $306,130,000 after buying an additional 217,425 shares during the period. BlackRock Inc. lifted its holdings in shares of BWX Technologies by 4.2% during the 1st quarter. BlackRock Inc. now owns 5,346,253 shares of the technology company’s stock valued at $337,028,000 after purchasing an additional 214,544 shares during the last quarter. State Street Corp lifted its holdings in shares of BWX Technologies by 40.2% during the 2nd quarter. State Street Corp now owns 3,507,248 shares of the technology company’s stock valued at $251,014,000 after purchasing an additional 1,006,326 shares during the last quarter. Finally, Snyder Capital Management L P lifted its holdings in shares of BWX Technologies by 2.5% during the 1st quarter. Snyder Capital Management L P now owns 2,820,007 shares of the technology company’s stock valued at $177,773,000 after purchasing an additional 68,435 shares during the last quarter. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Stock Down 0.2 %

Shares of BWX Technologies stock traded down $0.20 on Tuesday, reaching $93.65. The company’s stock had a trading volume of 710,840 shares, compared to its average volume of 605,659. The company has a market capitalization of $8.56 billion, a price-to-earnings ratio of 34.81, a P/E/G ratio of 3.01 and a beta of 0.73. The firm’s fifty day simple moving average is $96.38 and its two-hundred day simple moving average is $84.24. BWX Technologies has a 52 week low of $60.17 and a 52 week high of $107.18. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.29.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Tuesday, February 27th. The technology company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.07. BWX Technologies had a return on equity of 32.38% and a net margin of 9.85%. The business had revenue of $725.52 million during the quarter, compared to analyst estimates of $659.42 million. During the same quarter in the previous year, the company posted $0.93 earnings per share. BWX Technologies’s revenue for the quarter was up 16.2% on a year-over-year basis. Equities analysts anticipate that BWX Technologies will post 3.14 earnings per share for the current year.

BWX Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 11th were given a dividend of $0.24 per share. The ex-dividend date was Friday, March 8th. This is an increase from BWX Technologies’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 1.03%. BWX Technologies’s dividend payout ratio is 35.69%.

Wall Street Analysts Forecast Growth

BWXT has been the subject of a number of research reports. StockNews.com cut BWX Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. Bank of America raised their price target on BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Finally, Truist Financial reiterated a “hold” rating and issued a $95.00 price objective (down from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $89.00.

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.