BWX Technologies (NYSE:BWXT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, Zacks.com reports. The firm presently has a $68.00 price objective on the technology company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 11.46% from the stock’s current price.
According to Zacks, “BWX Technologies, Inc. supplies precision manufactured components and services to the commercial nuclear power industry. The company offers technical, management and site services to governments in complex facilities and environmental remediation activities. It operates primarily in Lynchburg, Va., Ohio and Cambridge, Ontario. BWX Technologies, Inc., formerly known as Babcock & Wilcox Company, is headquartered in Lynchburg, Va. “
Several other brokerages have also commented on BWXT. Barclays set a $55.00 target price on BWX Technologies and gave the stock a “sell” rating in a research report on Tuesday, October 8th. Maxim Group reiterated a “buy” rating and issued a $71.00 target price on shares of BWX Technologies in a research report on Wednesday, August 7th. ValuEngine lowered BWX Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. SunTrust Banks set a $55.00 target price on BWX Technologies and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Finally, Seaport Global Securities set a $62.00 target price on BWX Technologies and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $59.71.
NYSE BWXT traded up $0.80 during mid-day trading on Thursday, reaching $61.01. 390,943 shares of the company’s stock traded hands, compared to its average volume of 527,980. BWX Technologies has a 1-year low of $35.91 and a 1-year high of $62.94. The company has a fifty day simple moving average of $57.35 and a 200-day simple moving average of $53.85. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 2.40. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 25.53, a P/E/G ratio of 2.68 and a beta of 1.04.
BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.14. The firm had revenue of $506.00 million during the quarter, compared to analyst estimates of $486.02 million. BWX Technologies had a return on equity of 90.98% and a net margin of 10.93%. BWX Technologies’s quarterly revenue was up 18.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 EPS. Equities research analysts forecast that BWX Technologies will post 2.55 earnings per share for the current fiscal year.
In related news, CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $54.73, for a total value of $54,730.00. Following the sale, the chief financial officer now owns 75,161 shares of the company’s stock, valued at approximately $4,113,561.53. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.44% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisors Preferred LLC bought a new stake in BWX Technologies during the 2nd quarter valued at $30,000. NumerixS Investment Technologies Inc bought a new stake in BWX Technologies during the 2nd quarter valued at $31,000. Private Ocean LLC bought a new stake in BWX Technologies during the 3rd quarter valued at $43,000. Selective Wealth Management Inc. bought a new stake in BWX Technologies during the 3rd quarter valued at $57,000. Finally, Huntington National Bank raised its stake in BWX Technologies by 50.3% during the 2nd quarter. Huntington National Bank now owns 1,127 shares of the technology company’s stock valued at $59,000 after acquiring an additional 377 shares in the last quarter.
BWX Technologies Company Profile
BWX Technologies, Inc manufactures and sells nuclear components to the United States government. The company operates in three segments: Nuclear Operations, Technical Services, and Nuclear Energy. The Nuclear Operations segment offers precision naval nuclear components and reactors; close-tolerance and equipment for nuclear applications; and components for defense applications, as well as critical nuclear components, fuels, and assemblies for government and other uses.
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