BWX Technologies (NYSE:BWXT) PT Raised to $129.00

BWX Technologies (NYSE:BWXT) had its price objective upped by stock analysts at Deutsche Bank Aktiengesellschaft from $113.00 to $129.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 9.63% from the stock’s current price.

A number of other equities analysts have also recently issued reports on BWXT. Janney Montgomery Scott started coverage on BWX Technologies in a report on Thursday, June 27th. They set a “buy” rating and a $113.00 target price on the stock. Barclays lowered shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and lifted their price objective for the stock from $75.00 to $90.00 in a research note on Wednesday, July 24th. BTIG Research started coverage on shares of BWX Technologies in a research note on Wednesday, June 26th. They issued a “buy” rating and a $110.00 target price for the company. Finally, StockNews.com raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, BWX Technologies currently has an average rating of “Moderate Buy” and an average target price of $104.86.

BWX Technologies Stock Performance

BWX Technologies stock opened at $117.67 on Thursday. BWX Technologies has a 1 year low of $72.42 and a 1 year high of $118.09. The company’s 50-day moving average is $100.81 and its two-hundred day moving average is $96.90. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.21. The company has a market cap of $10.76 billion, a PE ratio of 42.48, a PEG ratio of 3.84 and a beta of 0.71.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, August 5th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. The firm had revenue of $681.50 million for the quarter, compared to analysts’ expectations of $639.31 million. BWX Technologies had a net margin of 10.29% and a return on equity of 31.93%. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the firm earned $0.65 earnings per share. Equities analysts anticipate that BWX Technologies will post 3.2 earnings per share for the current year.

Hedge Funds Weigh In On BWX Technologies

Large investors have recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina raised its holdings in shares of BWX Technologies by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 40,492 shares of the technology company’s stock valued at $3,107,000 after purchasing an additional 390 shares during the last quarter. Rafferty Asset Management LLC increased its stake in BWX Technologies by 5.9% in the 4th quarter. Rafferty Asset Management LLC now owns 31,053 shares of the technology company’s stock valued at $2,383,000 after buying an additional 1,741 shares during the last quarter. First Trust Advisors LP lifted its position in BWX Technologies by 41.3% during the 4th quarter. First Trust Advisors LP now owns 330,559 shares of the technology company’s stock worth $25,364,000 after buying an additional 96,629 shares in the last quarter. Stephens Inc. AR boosted its stake in shares of BWX Technologies by 0.9% during the 4th quarter. Stephens Inc. AR now owns 16,286 shares of the technology company’s stock worth $1,250,000 after buying an additional 151 shares during the last quarter. Finally, Seven Eight Capital LP bought a new position in shares of BWX Technologies in the 4th quarter valued at about $1,390,000. 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.