BWX Technologies (NYSE:BWXT) PT Raised to $113.00

BWX Technologies (NYSE:BWXT) had its price objective boosted by Deutsche Bank Aktiengesellschaft from $112.00 to $113.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 19.83% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. BTIG Research assumed coverage on BWX Technologies in a research report on Wednesday, June 26th. They set a “buy” rating and a $110.00 target price on the stock. Janney Montgomery Scott assumed coverage on BWX Technologies in a research report on Thursday, June 27th. They set a “buy” rating and a $113.00 target price on the stock. Barclays downgraded BWX Technologies from an “equal weight” rating to an “underweight” rating and increased their target price for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. Finally, CLSA assumed coverage on BWX Technologies in a research report on Monday, June 3rd. They set a “buy” rating on the stock. One investment 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $102.57.

BWX Technologies Price Performance

BWX Technologies stock opened at $94.30 on Tuesday. BWX Technologies has a 12 month low of $70.21 and a 12 month high of $107.18. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.29. The business’s 50 day simple moving average is $95.09 and its 200 day simple moving average is $93.74. The company has a market cap of $8.62 billion, a price-to-earnings ratio of 34.04, a PEG ratio of 3.65 and a beta of 0.68.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, August 5th. The technology company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.76 by $0.06. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. The business had revenue of $681.50 million for the quarter, compared to the consensus estimate of $639.31 million. During the same quarter in the prior year, the business earned $0.65 earnings per share. BWX Technologies’s revenue for the quarter was up 11.3% on a year-over-year basis. Sell-side analysts forecast that BWX Technologies will post 3.19 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of BWX Technologies by 105.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,239 shares of the technology company’s stock valued at $1,872,000 after buying an additional 9,344 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of BWX Technologies by 3.4% during the fourth quarter. California Public Employees Retirement System now owns 387,038 shares of the technology company’s stock worth $29,697,000 after purchasing an additional 12,803 shares during the period. Jennison Associates LLC boosted its holdings in shares of BWX Technologies by 24.1% during the fourth quarter. Jennison Associates LLC now owns 248,250 shares of the technology company’s stock worth $19,048,000 after purchasing an additional 48,170 shares during the period. Arkfeld Wealth Strategies L.L.C. purchased a new stake in shares of BWX Technologies during the first quarter worth about $1,144,000. Finally, Quantbot Technologies LP purchased a new stake in shares of BWX Technologies during the first quarter worth about $1,096,000. Institutional investors own 94.39% of the company’s stock.

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