BWX Technologies (NYSE:BWXT) Price Target Raised to $105.00

BWX Technologies (NYSE:BWXT) had its price objective lifted by research analysts at Barclays from $90.00 to $105.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “underweight” rating on the technology company’s stock. Barclays‘s price objective indicates a potential downside of 14.38% from the stock’s previous close.

Several other equities research analysts also recently commented on BWXT. Deutsche Bank Aktiengesellschaft lifted their price objective on BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Bank of America boosted their price target on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Truist Financial boosted their price target on BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. 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 research note on Tuesday, November 12th. Finally, StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $124.57.

BWX Technologies Stock Up 1.4 %

BWX Technologies stock traded up $1.72 on Monday, hitting $122.63. 347,225 shares of the stock traded hands, compared to its average volume of 648,419. The business’s fifty day simple moving average is $124.75 and its 200 day simple moving average is $107.49. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The firm has a market cap of $11.21 billion, a P/E ratio of 40.61, a price-to-earnings-growth ratio of 4.12 and a beta of 0.70. BWX Technologies has a 1 year low of $74.69 and a 1 year high of $136.31.

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

Hedge Funds Weigh In On BWX Technologies

Large investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans grew its position in shares of BWX Technologies by 1,121.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 578,068 shares of the technology company’s stock worth $54,916,000 after buying an additional 530,749 shares in the last quarter. FMR LLC grew its position in shares of BWX Technologies by 22.3% during the 3rd quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock worth $190,721,000 after buying an additional 320,217 shares in the last quarter. Van ECK Associates Corp grew its position in shares of BWX Technologies by 49.7% during the 3rd quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock worth $104,381,000 after buying an additional 318,598 shares in the last quarter. American Century Companies Inc. grew its position in shares of 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 buying an additional 203,067 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of BWX Technologies by 12.7% during 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 buying an additional 192,042 shares in the last quarter. Institutional investors own 94.39% of the company’s stock.

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.