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

BWX Technologies (NYSE:BWXT) had its price objective lifted by investment analysts at Bank of America from $115.00 to $160.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Bank of America‘s price objective would indicate a potential upside of 22.14% from the stock’s current price.

A number of other brokerages have also commented on BWXT. Truist Financial increased their price target on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their target price on BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Alembic Global Advisors raised BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target for the company in a research note on Tuesday. Barclays lowered BWX Technologies from an “equal weight” rating to an “underweight” rating and increased their price objective for the company from $75.00 to $90.00 in a research report on Wednesday, July 24th. Finally, StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.43.

BWX Technologies Price Performance

Shares of BWXT stock traded down $1.11 during trading hours on Thursday, reaching $131.00. The stock had a trading volume of 396,781 shares, compared to its average volume of 636,347. The stock’s fifty day simple moving average is $113.96 and its 200 day simple moving average is $101.65. The firm has a market capitalization of $11.98 billion, a PE ratio of 43.38, a PEG ratio of 4.63 and a beta of 0.69. BWX Technologies has a 12 month low of $74.69 and a 12 month high of $136.13. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15.

BWX Technologies (NYSE:BWXT) last announced its quarterly 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. The firm had revenue of $672.00 million during the quarter, compared to the consensus estimate of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the firm earned $0.67 EPS. On average, equities research analysts predict that BWX Technologies will post 3.21 EPS for the current year.

Institutional Investors Weigh In On BWX Technologies

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