Truist Financial Forecasts Strong Price Appreciation for BWX Technologies (NYSE:BWXT) Stock

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

A number of other equities analysts have also issued reports on BWXT. Barclays upped their target price on BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research report on Monday, December 16th. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Maxim Group upped their target price on shares of BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target for the company in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, BWX Technologies presently has an average rating of “Moderate Buy” and an average target price of $127.50.

BWX Technologies Price Performance

Shares of BWXT stock opened at $118.38 on Tuesday. The firm has a fifty day simple moving average of $121.44 and a 200-day simple moving average of $111.04. The company has a market capitalization of $10.83 billion, a PE ratio of 39.20, a price-to-earnings-growth ratio of 4.12 and a beta of 0.73. BWX Technologies has a twelve month low of $78.47 and a twelve month high of $136.31. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company had revenue of $672.00 million during the quarter, compared to analysts’ expectations of $658.84 million. During the same period in the prior year, the company posted $0.67 EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. Equities research analysts anticipate that BWX Technologies will post 3.23 earnings per share for the current fiscal year.

Institutional Trading of BWX Technologies

Hedge funds have recently made changes to their positions in the stock. Thrivent Financial for Lutherans increased its position in BWX Technologies by 1,121.6% in the second quarter. Thrivent Financial for Lutherans now owns 578,068 shares of the technology company’s stock worth $54,916,000 after buying an additional 530,749 shares during the period. FMR LLC grew its position in shares of BWX Technologies by 22.3% during the third quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock worth $190,721,000 after acquiring an additional 320,217 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of BWX Technologies by 49.7% in the 3rd quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock worth $104,381,000 after acquiring an additional 318,598 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in BWX Technologies by 12.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,707,832 shares of the technology company’s stock valued at $162,244,000 after purchasing an additional 192,042 shares during the last quarter. Finally, Select Equity Group L.P. boosted its stake in BWX Technologies by 28.4% during the 2nd quarter. Select Equity Group L.P. now owns 718,198 shares of the technology company’s stock valued at $68,229,000 after purchasing an additional 158,830 shares during the period. 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.