BWX Technologies (NYSE:BWXT) Research Coverage Started at StockNews.com

Research analysts at StockNews.com started coverage on shares of BWX Technologies (NYSE:BWXT – Get Rating) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the technology company’s stock.

A number of other analysts have also recently commented on BWXT. Maxim Group increased their price target on shares of BWX Technologies from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, November 29th. Credit Suisse Group raised their price target on shares of BWX Technologies from $65.00 to $67.00 and gave the stock an “outperform” rating in a research report on Friday, February 24th. Finally, Barclays raised shares of BWX Technologies from an “underweight” rating to an “equal weight” rating and set a $64.00 price target on the stock in a research report on Thursday, December 8th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.50.

BWX Technologies Stock Performance

Shares of BWXT opened at $61.73 on Thursday. BWX Technologies has a 12 month low of $45.78 and a 12 month high of $64.62. The firm has a fifty day simple moving average of $59.92 and a 200 day simple moving average of $57.44. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 4.45 and a beta of 0.79. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 1.71.

BWX Technologies (NYSE:BWXT – Get Rating) last announced its quarterly earnings results on Thursday, February 23rd. The technology company reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.02). The firm had revenue of $624.20 million during the quarter, compared to analyst estimates of $641.18 million. BWX Technologies had a net margin of 10.67% and a return on equity of 40.65%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 EPS. Research analysts forecast that BWX Technologies will post 2.93 EPS for the current fiscal year.

Hedge Funds Weigh In On BWX Technologies

Several hedge funds have recently bought and sold shares of BWXT. Boston Partners boosted its stake in shares of BWX Technologies by 1.3% in the 3rd quarter. Boston Partners now owns 5,736,873 shares of the technology company’s stock valued at $289,835,000 after purchasing an additional 74,045 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of BWX Technologies by 4.0% in the 1st quarter. Wellington Management Group LLP now owns 5,683,810 shares of the technology company’s stock valued at $306,130,000 after purchasing an additional 217,425 shares in the last quarter. State Street Corp boosted its stake in shares of BWX Technologies by 11.9% in the 1st quarter. State Street Corp now owns 2,645,251 shares of the technology company’s stock valued at $142,473,000 after purchasing an additional 281,441 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of BWX Technologies by 8.7% in the 1st quarter. Capital Research Global Investors now owns 2,632,834 shares of the technology company’s stock valued at $141,804,000 after purchasing an additional 211,329 shares in the last quarter. Finally, Cardinal Capital Management LLC CT boosted its stake in shares of BWX Technologies by 7.0% in the 3rd quarter. Cardinal Capital Management LLC CT now owns 1,827,761 shares of the technology company’s stock valued at $92,064,000 after purchasing an additional 119,532 shares in the last quarter. 99.33% of the stock is owned by institutional investors.

BWX Technologies Company Profile

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BWX Technologies, Inc engages in the supply and provision of nuclear components and products. It operates through the Government Operations and Commercial Operations segments. The Government Operations segment manufactures naval nuclear reactors, including the related nuclear fuel, for the U.S. Naval Nuclear Propulsion Program for use in submarines and aircraft carriers.