BWX Technologies, Inc. (NYSE:BWXT) Short Interest Down 9.0% in August

by · The Cerbat Gem

BWX Technologies, Inc. (NYSE:BWXT – Get Free Report) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totalling 871,000 shares, a decline of 9.0% from the August 15th total of 956,700 shares. Based on an average daily trading volume, of 485,700 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.0% of the shares of the stock are sold short.

BWX Technologies Trading Down 0.6 %

Shares of BWXT stock traded down $0.60 during trading hours on Tuesday, reaching $97.75. 585,524 shares of the stock were exchanged, compared to its average volume of 560,387. The firm has a market capitalization of $8.94 billion, a price-to-earnings ratio of 35.29, a price-to-earnings-growth ratio of 3.51 and a beta of 0.71. BWX Technologies has a 12-month low of $72.14 and a 12-month high of $107.18. The company’s 50-day moving average price is $98.93 and its 200-day moving average price is $96.37. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.21.

BWX Technologies (NYSE:BWXT – Get Free Report) last released its earnings results on Monday, August 5th. The technology company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. The firm had revenue of $681.50 million for the quarter, compared to analysts’ expectations of $639.31 million. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. As a group, equities analysts anticipate that BWX Technologies will post 3.2 earnings per share for the current year.

BWX Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 16th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Friday, August 16th. BWX Technologies’s dividend payout ratio is currently 34.66%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BWXT. Quent Capital LLC increased its holdings in BWX Technologies by 146.6% during the 1st quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock worth $26,000 after purchasing an additional 151 shares during the period. GAMMA Investing LLC grew its position in shares of BWX Technologies by 77.6% during the 1st quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock worth $28,000 after buying an additional 118 shares in the last quarter. Toth Financial Advisory Corp increased its stake in shares of BWX Technologies by 1,500.0% during the first quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock valued at $33,000 after buying an additional 300 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of BWX Technologies in the second quarter valued at about $45,000. Finally, Blue Trust Inc. lifted its stake in BWX Technologies by 37.2% in the second quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock worth $46,000 after acquiring an additional 121 shares during the period. 94.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BWXT has been the topic of several research analyst reports. BTIG Research began coverage on shares of BWX Technologies in a research note on Wednesday, June 26th. They issued a “buy” rating and a $110.00 price target on the stock. StockNews.com raised BWX Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. CLSA initiated coverage on BWX Technologies in a report on Monday, June 3rd. They set a “buy” rating for the company. Janney Montgomery Scott initiated coverage on BWX Technologies in a report on Thursday, June 27th. They set a “buy” rating and a $113.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of BWX Technologies from $112.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $102.57.

Check Out Our Latest Analysis on BWXT

BWX Technologies Company Profile

(Get Free Report)

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.

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