BWX Technologies (NYSE:BWXT) Stock Price Expected to Rise, Truist Financial Analyst Says

BWX Technologies (NYSE:BWXT) had its price objective raised by research analysts at Truist Financial from $106.00 to $114.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the technology company’s stock. Truist Financial’s price objective points to a potential downside of 3.70% from the company’s previous close.

Other research analysts have also issued reports about the stock. StockNews.com lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Barclays raised their target price on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research report on Monday, December 16th. Maxim Group boosted their price target on BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 10th. 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, November 12th. Finally, Deutsche Bank Aktiengesellschaft upped 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, BWX Technologies has a consensus rating of “Moderate Buy” and an average target price of $127.50.

BWX Technologies Stock Up 1.1 %

BWXT stock opened at $118.38 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. BWX Technologies has a 12 month low of $78.47 and a 12 month high of $136.31. The firm has a market capitalization of $10.83 billion, a PE ratio of 39.20, a P/E/G ratio of 4.12 and a beta of 0.73. The company’s 50 day simple moving average is $121.44 and its 200-day simple moving average is $111.04.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, beating 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 firm had revenue of $672.00 million for the quarter, compared to analysts’ expectations of $658.84 million. During the same quarter in the prior year, the firm earned $0.67 EPS. BWX Technologies’s quarterly revenue was up 13.9% on a year-over-year basis. Equities analysts expect that BWX Technologies will post 3.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BWX Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Stone House Investment Management LLC raised its holdings in BWX Technologies by 76.2% in the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock valued at $25,000 after buying an additional 99 shares during the period. Quent Capital LLC raised its stake in shares of BWX Technologies by 147.6% in the 3rd quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock valued at $28,000 after acquiring an additional 152 shares during the period. UMB Bank n.a. raised its stake in shares of BWX Technologies by 729.0% in the 3rd quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock valued at $28,000 after acquiring an additional 226 shares during the period. Quarry LP lifted its holdings in shares of BWX Technologies by 93.6% during the 3rd quarter. Quarry LP now owns 271 shares of the technology company’s stock valued at $29,000 after acquiring an additional 131 shares in the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new stake in BWX Technologies during the 4th quarter worth $30,000. 94.39% of the stock is owned by institutional investors and hedge funds.

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.