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

BWX Technologies, Inc. (NYSE:BWXT) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 961,200 shares, a decrease of 32.3% from the February 29th total of 1,420,000 shares. Based on an average daily volume of 575,400 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in shares of BWX Technologies by 75.1% in the 2nd quarter. BlackRock Inc. now owns 9,358,710 shares of the technology company’s stock worth $669,803,000 after acquiring an additional 4,012,457 shares in the last quarter. Vanguard Group Inc. raised its stake in BWX Technologies by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 8,677,218 shares of the technology company’s stock valued at $665,803,000 after purchasing an additional 65,137 shares in the last quarter. Wellington Management Group LLP raised its stake in BWX Technologies by 4.0% in the first quarter. Wellington Management Group LLP now owns 5,683,810 shares of the technology company’s stock valued at $306,130,000 after purchasing an additional 217,425 shares in the last quarter. State Street Corp raised its stake in BWX Technologies by 40.2% in the second 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 in the last quarter. Finally, Snyder Capital Management L P lifted its holdings in shares of BWX Technologies by 2.5% in the 1st quarter. Snyder Capital Management L P now owns 2,820,007 shares of the technology company’s stock worth $177,773,000 after acquiring an additional 68,435 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Trading Up 0.7 %

Shares of NYSE:BWXT traded up $0.69 during trading on Friday, reaching $102.62. The stock had a trading volume of 675,683 shares, compared to its average volume of 728,527. The firm’s fifty day moving average is $92.29 and its 200 day moving average is $82.07. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.18 and a current ratio of 2.18. BWX Technologies has a 52 week low of $60.17 and a 52 week high of $107.18. The stock has a market cap of $9.38 billion, a price-to-earnings ratio of 38.15, a P/E/G ratio of 3.90 and a beta of 0.73.

BWX Technologies (NYSE:BWXT) last released its earnings results on Tuesday, February 27th. The technology company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.07. BWX Technologies had a net margin of 9.85% and a return on equity of 32.38%. The company had revenue of $725.52 million for the quarter, compared to the consensus estimate of $659.42 million. During the same quarter in the previous year, the company earned $0.93 EPS. BWX Technologies’s quarterly revenue was up 16.2% compared to the same quarter last year. As a group, equities analysts forecast that BWX Technologies will post 3.13 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 11th were issued a dividend of $0.24 per share. This is an increase from BWX Technologies’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.96 annualized dividend and a yield of 0.94%. BWX Technologies’s dividend payout ratio is presently 35.69%.

Wall Street Analyst Weigh In

Several research firms have commented on BWXT. Bank of America raised their target price on shares of BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a report on Thursday. StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. Finally, Truist Financial restated a “hold” rating and issued a $95.00 price target (down from $110.00) on shares of BWX Technologies in a research note on Monday. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, BWX Technologies has an average rating of “Moderate Buy” and a consensus price target 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; undertakes fabrication activities for missile launch tubes for U.S.