BWX Technologies (NYSE:BWXT) Price Target Raised to $160.00

BWX Technologies (NYSE:BWXT) had its price objective raised by stock analysts at Bank of America from $115.00 to $160.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Bank of America‘s target price points to a potential upside of 26.73% from the company’s current price.

Several other equities analysts have also recently issued reports on BWXT. Deutsche Bank Aktiengesellschaft lifted their price objective on BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Barclays downgraded shares of 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 research note on Wednesday, July 24th. 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, November 5th. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price for the company in a research note on Tuesday. Finally, StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $122.43.

BWX Technologies Trading Down 1.5 %

Shares of NYSE BWXT opened at $126.26 on Thursday. The stock has a market capitalization of $11.54 billion, a PE ratio of 41.81, a PEG ratio of 4.82 and a beta of 0.69. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The stock has a fifty day simple moving average of $115.18 and a 200-day simple moving average of $102.03. BWX Technologies has a twelve month low of $74.69 and a twelve month high of $136.31.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. The company had revenue of $672.00 million for the quarter, compared to analyst estimates of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.67 EPS. On average, equities analysts forecast that BWX Technologies will post 3.21 earnings per share for the current year.

Institutional Investors Weigh In On BWX Technologies

Several large investors have recently modified their holdings of the company. Stone House Investment Management LLC raised its position 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 valued at $25,000 after purchasing an additional 99 shares during the last quarter. Quent Capital LLC raised its holdings in shares of BWX Technologies by 147.6% in the third quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock valued at $28,000 after buying 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. Quarry LP grew its holdings in shares of BWX Technologies by 93.6% during the third quarter. Quarry LP now owns 271 shares of the technology company’s stock worth $29,000 after buying an additional 131 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in BWX Technologies in the 3rd quarter valued at about $31,000. 94.39% of the stock is owned by institutional investors and hedge funds.

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.