Analysts Set BWX Technologies, Inc. (BWXT) Target Price at $64.50

Shares of BWX Technologies, Inc. (NYSE:BWXT) have earned a consensus rating of “Buy” from the eleven ratings firms that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $64.50.

A number of brokerages have commented on BWXT. Seaport Global Securities began coverage on BWX Technologies in a research note on Wednesday, January 10th. They set a “buy” rating and a $72.00 price objective on the stock. Zacks Investment Research upgraded BWX Technologies from a “sell” rating to a “hold” rating and set a $69.00 price target on the stock in a research note on Tuesday, January 9th. Wells Fargo & Co started coverage on BWX Technologies in a research note on Monday, December 11th. They issued a “market perform” rating and a $65.00 price target on the stock. ValuEngine cut BWX Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, BidaskClub cut BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th.

In other BWX Technologies news, Chairman John A. Fees sold 21,453 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $60.21, for a total transaction of $1,291,685.13. Following the sale, the chairman now owns 87,919 shares in the company, valued at $5,293,602.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO David S. Black sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $61.55, for a total value of $61,550.00. Following the sale, the chief financial officer now owns 61,979 shares in the company, valued at approximately $3,814,807.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,453 shares of company stock worth $1,475,045. Insiders own 0.76% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in BWXT. Legal & General Group Plc raised its stake in BWX Technologies by 7.0% during the second quarter. Legal & General Group Plc now owns 37,229 shares of the technology company’s stock valued at $1,815,000 after buying an additional 2,435 shares in the last quarter. Federated Investors Inc. PA acquired a new stake in BWX Technologies during the second quarter valued at approximately $151,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in BWX Technologies by 23.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,784 shares of the technology company’s stock valued at $184,000 after buying an additional 721 shares in the last quarter. Principal Financial Group Inc. raised its stake in BWX Technologies by 4.7% during the second quarter. Principal Financial Group Inc. now owns 19,462 shares of the technology company’s stock valued at $949,000 after buying an additional 867 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in BWX Technologies by 64.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 4,268 shares of the technology company’s stock valued at $208,000 after buying an additional 1,673 shares in the last quarter. Hedge funds and other institutional investors own 95.49% of the company’s stock.

Shares of BWX Technologies (BWXT) traded up $0.51 on Monday, hitting $63.36. The company’s stock had a trading volume of 377,899 shares, compared to its average volume of 514,042. The firm has a market capitalization of $6,300.00, a PE ratio of 31.84, a PEG ratio of 2.35 and a beta of 0.48. BWX Technologies has a 12 month low of $40.94 and a 12 month high of $63.50. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.81 and a current ratio of 1.81.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, November 6th. The technology company reported $0.46 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.46. The company had revenue of $419.36 million for the quarter, compared to analysts’ expectations of $420.39 million. BWX Technologies had a return on equity of 88.05% and a net margin of 11.89%. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 earnings per share. analysts predict that BWX Technologies will post 2.06 EPS for the current year.

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BWX Technologies Company Profile

BWX Technologies, Inc is a manufacturer of nuclear components and a service provider. The Company’s businesses focus on the design, engineering and manufacture of precision naval nuclear components, reactors and nuclear fuel for the United States Government. Its segments include Nuclear Operations, Technical Services, Nuclear Energy and Other.

Analyst Recommendations for BWX Technologies (NYSE:BWXT)

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