BWX Technologies (NYSE:BWXT) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

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

Other equities analysts have also issued reports about the stock. StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Barclays downgraded BWX Technologies from an “equal weight” rating to an “underweight” rating and increased their price target for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. Finally, Truist Financial boosted their price objective on BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $110.67.

BWX Technologies Stock Up 1.2 %

Shares of NYSE BWXT traded up $1.41 during trading hours on Wednesday, hitting $122.46. 118,391 shares of the stock were exchanged, compared to its average volume of 623,386. BWX Technologies has a 12 month low of $74.69 and a 12 month high of $128.00. The firm has a fifty day moving average price of $111.83 and a 200-day moving average price of $100.67. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.21. The company has a market cap of $11.19 billion, a PE ratio of 40.07, a PEG ratio of 4.30 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last released 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 analyst estimates of $658.84 million. During the same period in the previous year, the company earned $0.67 earnings per share. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, sell-side analysts expect that BWX Technologies will post 3.2 EPS for the current year.

Institutional Trading of BWX Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC boosted its holdings in BWX Technologies by 77.8% in the 2nd quarter. AQR Capital Management LLC now owns 132,263 shares of the technology company’s stock worth $12,565,000 after buying an additional 57,879 shares during the last quarter. Bridges Investment Management Inc. boosted its stake in shares of BWX Technologies by 76.3% in the second quarter. Bridges Investment Management Inc. now owns 359,147 shares of the technology company’s stock worth $34,119,000 after acquiring an additional 155,387 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of BWX Technologies during the first quarter worth approximately $1,096,000. Russell Investments Group Ltd. raised its stake in BWX Technologies by 39.9% in the 1st quarter. Russell Investments Group Ltd. now owns 111,757 shares of the technology company’s stock valued at $11,469,000 after purchasing an additional 31,845 shares during the last quarter. Finally, Compass Wealth Management LLC acquired a new position in BWX Technologies in the 3rd quarter valued at $3,456,000. Hedge funds and other 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.