Janney Montgomery Scott Initiates Coverage on BWX Technologies (NYSE:BWXT)

Investment analysts at Janney Montgomery Scott began coverage on shares of BWX Technologies (NYSE:BWXT) in a note issued to investors on Thursday, Marketbeat.com reports. The firm set a “buy” rating and a $113.00 price target on the technology company’s stock. Janney Montgomery Scott’s price target indicates a potential upside of 19.01% from the company’s current price.

Several other research analysts also recently commented on the company. Truist Financial reiterated a “hold” rating and issued a $95.00 price objective (down previously from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. CLSA began coverage on BWX Technologies in a research note on Monday, June 3rd. They issued a “buy” rating on the stock. Bank of America raised their target price on BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. BTIG Research initiated coverage on BWX Technologies in a research report on Wednesday. They set a “buy” rating and a $110.00 price objective on the stock. Finally, StockNews.com raised BWX Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $96.33.

BWX Technologies Trading Down 0.0 %

NYSE:BWXT opened at $94.95 on Thursday. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.24 and a quick ratio of 2.24. BWX Technologies has a 1 year low of $67.91 and a 1 year high of $107.18. The company has a market cap of $8.68 billion, a P/E ratio of 34.28, a P/E/G ratio of 3.60 and a beta of 0.71. The stock’s fifty day moving average price is $91.38 and its two-hundred day moving average price is $89.66.

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

Institutional Investors Weigh In On BWX Technologies

A number of hedge funds have recently added to or reduced their stakes in BWXT. HighTower Advisors LLC grew its position in shares of BWX Technologies by 44.7% during the 3rd quarter. HighTower Advisors LLC now owns 9,070 shares of the technology company’s stock valued at $685,000 after acquiring an additional 2,800 shares during the period. UBS Group AG raised its position in shares of BWX Technologies by 58.7% during the 3rd quarter. UBS Group AG now owns 60,735 shares of the technology company’s stock valued at $4,554,000 after buying an additional 22,463 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of BWX Technologies by 20.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,145 shares of the technology company’s stock valued at $161,000 after buying an additional 363 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of BWX Technologies during the 3rd quarter valued at about $380,000. Finally, Mariner LLC raised its position in shares of BWX Technologies by 5.2% during the 3rd quarter. Mariner LLC now owns 9,731 shares of the technology company’s stock valued at $730,000 after buying an additional 478 shares in the last quarter. 94.39% of the stock is currently 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.