Deutsche Bank Aktiengesellschaft Issues Positive Forecast for BWX Technologies (NYSE:BWXT) Stock Price

BWX Technologies (NYSE:BWXT) had its target price raised by equities research analysts at Deutsche Bank Aktiengesellschaft from $129.00 to $130.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 6.16% from the company’s current price.

A number of other research firms have also weighed in on BWXT. StockNews.com raised BWX Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Truist Financial increased their price objective on shares of BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, Barclays downgraded BWX Technologies from an “equal weight” rating to an “underweight” rating and lifted their price target for the stock from $75.00 to $90.00 in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $110.67.

BWX Technologies Price Performance

Shares of NYSE:BWXT traded up $1.41 during midday trading on Wednesday, hitting $122.46. The company had a trading volume of 118,391 shares, compared to its average volume of 623,386. The business’s 50-day simple moving average is $111.83 and its 200-day simple moving average is $100.67. The stock has a market cap of $11.19 billion, a price-to-earnings ratio of 40.07, a price-to-earnings-growth ratio of 4.30 and a beta of 0.69. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.23 and a quick ratio of 2.23. BWX Technologies has a twelve month low of $74.69 and a twelve month high of $128.00.

BWX Technologies (NYSE:BWXT) last issued 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. BWX Technologies had a net margin of 10.32% and a return on equity of 32.78%. The business had revenue of $672.00 million for the quarter, compared to analysts’ expectations of $658.84 million. During the same quarter in the prior year, the company earned $0.67 earnings per share. The business’s quarterly revenue was up 13.9% on a year-over-year basis. On average, research analysts predict that BWX Technologies will post 3.2 earnings per share for the current year.

Hedge Funds Weigh In On BWX Technologies

Hedge funds have recently modified their holdings of the business. Quent Capital LLC raised its position in BWX Technologies by 147.6% in the 3rd quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock valued at $28,000 after purchasing an additional 152 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of BWX Technologies by 729.0% during the third quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock worth $28,000 after buying an additional 226 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of BWX Technologies during the third quarter worth about $31,000. GAMMA Investing LLC grew its holdings in shares of BWX Technologies by 58.9% during the second quarter. GAMMA Investing LLC now owns 429 shares of the technology company’s stock worth $41,000 after buying an additional 159 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in BWX Technologies during the 2nd quarter valued at approximately $45,000. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

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.