BWX Technologies (NYSE:BWXT) Price Target Raised to $106.00 at Truist Financial

BWX Technologies (NYSE:BWXT) had its price objective hoisted by Truist Financial from $95.00 to $106.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the technology company’s stock. Truist Financial’s target price suggests a potential downside of 10.35% from the company’s current price.

Several other research firms have also recently issued reports on BWXT. Barclays cut shares of 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 report on Wednesday, July 24th. StockNews.com raised BWX Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on BWX Technologies from $113.00 to $129.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $110.50.

BWX Technologies Stock Performance

Shares of NYSE:BWXT traded down $1.44 during trading on Tuesday, reaching $118.24. The company had a trading volume of 530,395 shares, compared to its average volume of 614,310. BWX Technologies has a fifty-two week low of $74.62 and a fifty-two week high of $128.00. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.23 and a quick ratio of 2.23. The stock’s fifty day moving average price is $110.82 and its 200 day moving average price is $100.22. The firm has a market capitalization of $10.81 billion, a price-to-earnings ratio of 40.64, a price-to-earnings-growth ratio of 4.41 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.06. BWX Technologies had a net margin of 10.29% and a return on equity of 31.93%. The company had revenue of $672.00 million for the quarter, compared to analysts’ expectations of $658.84 million. During the same period in the previous year, the company posted $0.67 EPS. BWX Technologies’s revenue was up 13.9% compared to the same quarter last year. As a group, equities research analysts predict that BWX Technologies will post 3.2 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in BWX Technologies by 37.2% during the 2nd quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock valued at $46,000 after acquiring an additional 121 shares in the last quarter. Valeo Financial Advisors LLC grew its position in shares of BWX Technologies by 4.3% in the third quarter. Valeo Financial Advisors LLC now owns 3,539 shares of the technology company’s stock valued at $385,000 after purchasing an additional 145 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of BWX Technologies by 2.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 5,293 shares of the technology company’s stock worth $503,000 after purchasing an additional 149 shares in the last quarter. XTX Topco Ltd increased its stake in shares of BWX Technologies by 7.1% during the 2nd quarter. XTX Topco Ltd now owns 2,237 shares of the technology company’s stock worth $213,000 after purchasing an additional 149 shares in the last quarter. Finally, Quent Capital LLC raised its position 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 purchasing an additional 152 shares during the last quarter. Institutional investors and hedge funds 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.