BWX Technologies (NYSE:BWXT) Downgraded by StockNews.com

BWX Technologies (NYSE:BWXT) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

A number of other research analysts have also recently commented on the stock. Janney Montgomery Scott assumed coverage on shares of BWX Technologies in a report on Thursday. They issued a “buy” rating and a $113.00 price target on the stock. BTIG Research assumed coverage on shares of BWX Technologies in a report on Wednesday. They set a “buy” rating and a $110.00 target price on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of BWX Technologies from $110.00 to $107.00 and set a “buy” rating for the company in a research report on Monday, June 10th. CLSA assumed coverage on shares of BWX Technologies in a research report on Monday, June 3rd. They set a “buy” rating for the company. Finally, Truist Financial reissued a “hold” rating and set a $95.00 price target (down from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $96.33.

BWX Technologies Trading Down 0.5 %

Shares of BWXT traded down $0.51 during midday trading on Thursday, hitting $94.98. The stock had a trading volume of 672,993 shares, compared to its average volume of 601,033. The stock’s 50 day moving average is $91.31 and its 200 day moving average is $89.55. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.24 and a quick ratio of 2.24. The firm has a market cap of $8.68 billion, a PE ratio of 34.29, a price-to-earnings-growth ratio of 3.55 and a beta of 0.71. BWX Technologies has a 1 year low of $67.91 and a 1 year high of $107.18.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, May 6th. The technology company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The firm had revenue of $603.97 million for the quarter, compared to analysts’ expectations of $599.92 million. BWX Technologies had a net margin of 10.00% and a return on equity of 31.57%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 earnings per share. As a group, analysts forecast that BWX Technologies will post 3.19 EPS for the current fiscal year.

Hedge Funds Weigh In On BWX Technologies

Institutional investors have recently bought and sold shares of the business. Raymond James & Associates raised its position in BWX Technologies by 4.2% during the 4th quarter. Raymond James & Associates now owns 368,827 shares of the technology company’s stock worth $28,300,000 after buying an additional 14,973 shares during the last quarter. Jennison Associates LLC grew its stake in shares of BWX Technologies by 24.1% during the 4th quarter. Jennison Associates LLC now owns 248,250 shares of the technology company’s stock worth $19,048,000 after purchasing an additional 48,170 shares during the period. California Public Employees Retirement System grew its stake in shares of BWX Technologies by 3.4% during the 4th 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 period. Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in shares of BWX Technologies during the 4th quarter worth approximately $1,485,000. Finally, First Trust Advisors LP grew its stake in shares of BWX Technologies by 41.3% during the 4th quarter. First Trust Advisors LP now owns 330,559 shares of the technology company’s stock worth $25,364,000 after purchasing an additional 96,629 shares during the period. 94.39% of the stock is owned by hedge funds and other institutional investors.

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.