BWX Technologies (NYSE:BWXT) Share Price Crosses Below 50 Day Moving Average – Here’s What Happened

BWX Technologies, Inc. (NYSE:BWXT)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $122.65 and traded as low as $110.81. BWX Technologies shares last traded at $111.48, with a volume of 449,252 shares.

Analyst Ratings Changes

A number of analysts have weighed in on BWXT shares. Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target for the company in a report on Tuesday, November 12th. Barclays lifted their target price on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a report on Monday, December 16th. Bank of America increased their price target on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Truist Financial boosted their target price on shares of BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $124.57.

BWX Technologies Trading Up 1.8 %

The stock has a market cap of $10.38 billion, a PE ratio of 37.58, a P/E/G ratio of 4.12 and a beta of 0.73. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. The firm has a 50-day simple moving average of $122.46 and a 200-day simple moving average of $109.72.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. The firm had revenue of $672.00 million for the quarter, compared to the consensus estimate of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 earnings per share. Equities analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Tuesday, November 19th. BWX Technologies’s payout ratio is 31.79%.

Hedge Funds Weigh In On BWX Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Thrivent Financial for Lutherans raised its position in BWX Technologies by 1,121.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 578,068 shares of the technology company’s stock worth $54,916,000 after purchasing an additional 530,749 shares during the period. FMR LLC lifted its stake in shares of BWX Technologies by 22.3% in the 3rd quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock valued at $190,721,000 after acquiring an additional 320,217 shares during the last quarter. Van ECK Associates Corp boosted its holdings in BWX Technologies by 49.7% during the 3rd quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock valued at $104,381,000 after acquiring an additional 318,598 shares during the period. American Century Companies Inc. grew its position in BWX Technologies by 37.9% during the 2nd quarter. American Century Companies Inc. now owns 738,542 shares of the technology company’s stock worth $70,161,000 after acquiring an additional 203,067 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in BWX Technologies by 12.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,707,832 shares of the technology company’s stock worth $162,244,000 after purchasing an additional 192,042 shares during the period. 94.39% of the stock is currently owned by hedge funds and other 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; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.