Short Interest in BWX Technologies, Inc. (NYSE:BWXT) Rises By 12.2%

BWX Technologies, Inc. (NYSE:BWXT) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 877,200 shares, a growth of 12.2% from the April 15th total of 782,100 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average daily volume of 684,300 shares, the short-interest ratio is currently 1.3 days.

Institutional Trading of BWX Technologies

Large investors have recently bought and sold shares of the company. Raymond James & Associates grew its holdings in BWX Technologies by 4.2% during the 4th quarter. Raymond James & Associates now owns 368,827 shares of the technology company’s stock valued at $28,300,000 after purchasing an additional 14,973 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of BWX Technologies by 24.1% in the fourth quarter. Jennison Associates LLC now owns 248,250 shares of the technology company’s stock worth $19,048,000 after acquiring an additional 48,170 shares in the last quarter. California Public Employees Retirement System boosted its holdings in BWX Technologies by 3.4% in the fourth quarter. California Public Employees Retirement System now owns 387,038 shares of the technology company’s stock valued at $29,697,000 after purchasing an additional 12,803 shares during the last quarter. FMR LLC increased its holdings in BWX Technologies by 1.8% during the 3rd quarter. FMR LLC now owns 1,884,236 shares of the technology company’s stock worth $141,280,000 after purchasing an additional 32,664 shares during the last quarter. Finally, Citigroup Inc. raised its position in shares of BWX Technologies by 11.3% in the 3rd quarter. Citigroup Inc. now owns 67,250 shares of the technology company’s stock valued at $5,042,000 after purchasing an additional 6,853 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Trading Up 1.5 %

Shares of BWXT stock traded up $1.32 during mid-day trading on Wednesday, hitting $90.53. 530,451 shares of the company’s stock were exchanged, compared to its average volume of 619,058. The stock has a market cap of $8.28 billion, a price-to-earnings ratio of 32.68, a PEG ratio of 2.82 and a beta of 0.75. The stock has a 50-day simple moving average of $97.40 and a two-hundred day simple moving average of $86.81. BWX Technologies has a fifty-two week low of $60.17 and a fifty-two week high of $107.18. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.29.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. The company had revenue of $603.97 million for the quarter, compared to analyst estimates of $599.92 million. BWX Technologies had a net margin of 10.00% and a return on equity of 31.57%. BWX Technologies’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the business earned $0.70 EPS. Equities analysts expect that BWX Technologies will post 3.17 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Friday, May 17th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, May 16th. BWX Technologies’s dividend payout ratio (DPR) is presently 34.66%.

Wall Street Analysts Forecast Growth

BWXT has been the topic of a number of research reports. Bank of America raised their target price on shares of BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Truist Financial reaffirmed a “hold” rating and issued a $95.00 target price (down from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on BWX Technologies from $111.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $92.43.

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; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.