BWX Technologies (NYSE:BWXT) Price Target Cut to $110.00

BWX Technologies (NYSE:BWXT) had its price target lowered by equities research analysts at Deutsche Bank Aktiengesellschaft from $111.00 to $110.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 24.89% from the company’s previous close.

Several other equities analysts also recently weighed in on the stock. StockNews.com downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. Bank of America lifted their price objective on shares of BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Finally, Truist Financial restated a “hold” rating and set a $95.00 target price (down previously from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.43.

BWX Technologies Stock Up 1.2 %

BWXT opened at $88.08 on Tuesday. BWX Technologies has a twelve month low of $60.17 and a twelve month high of $107.18. The company’s 50-day moving average price is $98.52 and its two-hundred day moving average price is $86.33. The stock has a market cap of $8.05 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 3.10 and a beta of 0.75. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.29.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The business had revenue of $603.97 million during the quarter, compared to the consensus estimate of $599.92 million. BWX Technologies had a return on equity of 32.38% and a net margin of 9.85%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the business posted $0.70 earnings per share. As a group, equities analysts expect that BWX Technologies will post 3.14 earnings per share for the current year.

Institutional Investors Weigh In On BWX Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James & Associates increased its stake in BWX Technologies by 4.2% in the 4th quarter. Raymond James & Associates now owns 368,827 shares of the technology company’s stock worth $28,300,000 after acquiring an additional 14,973 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of BWX Technologies by 24.1% in the 4th quarter. Jennison Associates LLC now owns 248,250 shares of the technology company’s stock worth $19,048,000 after acquiring an additional 48,170 shares during the last quarter. California Public Employees Retirement System lifted its stake in BWX Technologies by 3.4% in the fourth quarter. California Public Employees Retirement System now owns 387,038 shares of the technology company’s stock worth $29,697,000 after purchasing an additional 12,803 shares during the last quarter. FMR LLC grew its stake in shares of BWX Technologies by 1.8% during the third quarter. FMR LLC now owns 1,884,236 shares of the technology company’s stock valued at $141,280,000 after buying an additional 32,664 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in shares of BWX Technologies by 11.3% in the third quarter. Citigroup Inc. now owns 67,250 shares of the technology company’s stock worth $5,042,000 after buying an additional 6,853 shares during the period. 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.