Maxim Group Raises BWX Technologies (NYSE:BWXT) Price Target to $140.00

BWX Technologies (NYSE:BWXT) had its target price upped by equities research analysts at Maxim Group from $138.00 to $140.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Maxim Group’s target price points to a potential upside of 21.87% from the company’s current price.

A number of other equities analysts also recently commented on BWXT. Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective on the stock in a report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft raised their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Bank of America lifted their price target on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Barclays increased their target price on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a report on Monday, December 16th. Finally, StockNews.com lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $126.50.

BWX Technologies Stock Performance

BWXT traded up $0.35 during trading on Friday, reaching $114.88. The company’s stock had a trading volume of 224,720 shares, compared to its average volume of 661,087. The company has a market capitalization of $10.51 billion, a price-to-earnings ratio of 38.04, a price-to-earnings-growth ratio of 4.12 and a beta of 0.73. The company’s fifty day moving average price is $121.70 and its 200-day moving average price is $110.33. BWX Technologies has a 52-week low of $77.31 and a 52-week high of $136.31. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.77 by $0.06. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The firm had revenue of $672.00 million during the quarter, compared to analysts’ expectations of $658.84 million. During the same quarter last year, the business earned $0.67 earnings per share. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, equities analysts forecast that BWX Technologies will post 3.23 earnings per share for the current fiscal year.

Institutional Trading of BWX Technologies

Several large investors have recently added to or reduced their stakes in BWXT. CIBC Asset Management Inc increased its holdings in shares of BWX Technologies by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 2,667 shares of the technology company’s stock valued at $290,000 after acquiring an additional 87 shares during the last quarter. Stone House Investment Management LLC raised its holdings in BWX Technologies by 76.2% in the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock worth $25,000 after acquiring an additional 99 shares during the period. Fulcrum Equity Management lifted its position in BWX Technologies by 4.0% during the 3rd quarter. Fulcrum Equity Management now owns 3,337 shares of the technology company’s stock worth $363,000 after acquiring an additional 127 shares during the last quarter. Quarry LP grew its position in shares of BWX Technologies by 93.6% in the third quarter. Quarry LP now owns 271 shares of the technology company’s stock valued at $29,000 after purchasing an additional 131 shares during the last quarter. Finally, Hancock Whitney Corp increased its stake in shares of BWX Technologies by 5.8% in the third quarter. Hancock Whitney Corp now owns 2,434 shares of the technology company’s stock worth $265,000 after purchasing an additional 133 shares during the period. 94.39% of the stock is owned by institutional investors and hedge funds.

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.