Bank of America Boosts BWX Technologies (NYSE:BWXT) Price Target to $160.00

BWX Technologies (NYSE:BWXT) had its price objective raised by equities research analysts at Bank of America from $115.00 to $160.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Bank of America‘s price target indicates a potential upside of 26.73% from the company’s previous close.

Several other brokerages have also issued reports on BWXT. Deutsche Bank Aktiengesellschaft lifted 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. 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. Barclays cut BWX Technologies from an “equal weight” rating to an “underweight” rating and increased their target price for the company from $75.00 to $90.00 in a report on Wednesday, July 24th. Truist Financial raised their target price on BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Finally, StockNews.com cut BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently 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 company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The business has a 50 day moving average of $115.18 and a two-hundred day moving average of $102.03. BWX Technologies has a 12-month low of $74.69 and a 12-month high of $136.31. The company 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.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. increased its position in BWX Technologies by 11,107.7% during the first quarter. Bessemer Group Inc. now owns 834,973 shares of the technology company’s stock worth $85,684,000 after purchasing an additional 827,523 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of BWX Technologies by 1,121.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 578,068 shares of the technology company’s stock worth $54,916,000 after buying an additional 530,749 shares during the last quarter. FMR LLC raised its position in shares of BWX Technologies by 22.3% during the 3rd quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock valued at $190,721,000 after buying an additional 320,217 shares during the period. Van ECK Associates Corp lifted its holdings in BWX Technologies by 49.7% in the third quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock valued at $104,381,000 after acquiring an additional 318,598 shares during the last quarter. Finally, Sapient Capital LLC purchased a new position in BWX Technologies in the second quarter worth approximately $29,408,000. Hedge funds and other institutional investors own 94.39% of the company’s stock.

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.