BWX Technologies (NYSE:BWXT) Price Target Raised to $114.00

BWX Technologies (NYSE:BWXT) had its price objective boosted by stock analysts at Truist Financial from $106.00 to $114.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the technology company’s stock. Truist Financial’s price objective would indicate a potential downside of 1.76% from the company’s previous close.

BWXT has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Bank of America increased their target price on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Alembic Global Advisors raised BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective for the company in a research note on Tuesday, November 12th. Finally, Barclays boosted their price objective on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.50.

BWX Technologies Price Performance

NYSE:BWXT traded up $1.50 during trading hours on Tuesday, reaching $116.04. 70,952 shares of the company were exchanged, compared to its average volume of 663,032. The business has a 50 day moving average of $121.55 and a 200 day moving average of $110.69. BWX Technologies has a 1-year low of $78.47 and a 1-year high of $136.31. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The company has a market capitalization of $10.61 billion, a P/E ratio of 38.42, a P/E/G ratio of 4.12 and a beta of 0.73.

BWX Technologies (NYSE:BWXT) last released its earnings results 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 for the quarter, compared to analyst estimates of $658.84 million. During the same period last year, the firm earned $0.67 EPS. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. Research analysts forecast that BWX Technologies will post 3.23 EPS for the current year.

Hedge Funds Weigh In On BWX Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Stone House Investment Management LLC increased its position in BWX Technologies by 76.2% in the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock worth $25,000 after buying an additional 99 shares during the last quarter. Quent Capital LLC grew its stake in shares of BWX Technologies by 147.6% during the 3rd quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock worth $28,000 after acquiring an additional 152 shares during the period. UMB Bank n.a. increased its holdings in BWX Technologies by 729.0% in the 3rd quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock worth $28,000 after acquiring an additional 226 shares during the last quarter. Quarry LP raised its stake in BWX Technologies by 93.6% in the 3rd quarter. Quarry LP now owns 271 shares of the technology company’s stock valued at $29,000 after acquiring an additional 131 shares during the period. Finally, V Square Quantitative Management LLC purchased a new stake in BWX Technologies during the third quarter valued at about $31,000. 94.39% of the stock is owned by hedge funds and other institutional investors.

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.