Maxim Group Raises BWX Technologies (NYSE:BWXT) Price Target to $140.00

BWX Technologies (NYSE:BWXT) had its price target upped by research analysts at Maxim Group from $138.00 to $140.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Maxim Group’s price objective would indicate a potential upside of 21.87% from the stock’s current price.

A number of other research analysts have also recently weighed in on the stock. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective for the company in a report on Tuesday, November 12th. Bank of America upped their price objective on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft boosted their target price on BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Truist Financial lifted their price objective on BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, BWX Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.50.

BWX Technologies Trading Up 0.3 %

Shares of BWXT traded up $0.35 during trading on Friday, reaching $114.88. 224,720 shares of the company traded hands, compared to its average volume of 661,087. The stock has a market cap of $10.51 billion, a PE ratio of 38.04, a price-to-earnings-growth ratio of 4.12 and a beta of 0.73. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies has a twelve month low of $77.31 and a twelve month high of $136.31. The stock has a 50-day simple moving average of $121.70 and a 200-day simple moving average of $110.33.

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

Institutional Trading of BWX Technologies

Several institutional investors and hedge funds have recently made changes to their positions in BWXT. Commonwealth Equity Services LLC increased its position in BWX Technologies by 2.9% during the second quarter. Commonwealth Equity Services LLC now owns 5,293 shares of the technology company’s stock worth $503,000 after buying an additional 149 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in BWX Technologies during the 2nd quarter worth $45,000. AGF Management Ltd. increased its stake in BWX Technologies by 4.8% in the second quarter. AGF Management Ltd. now owns 26,290 shares of the technology company’s stock valued at $2,498,000 after purchasing an additional 1,206 shares during the period. American Century Companies Inc. raised its holdings in shares of BWX Technologies by 37.9% in the second quarter. American Century Companies Inc. now owns 738,542 shares of the technology company’s stock valued at $70,161,000 after buying an additional 203,067 shares during the last quarter. Finally, BOKF NA boosted its stake in shares of BWX Technologies by 56.3% during the second quarter. BOKF NA now owns 36,095 shares of the technology company’s stock worth $3,429,000 after buying an additional 13,000 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.