Zacks Investment Research upgraded shares of BWX Technologies (NYSE:BWXT) from a hold rating to a buy rating in a research report released on Thursday, Zacks.com reports. Zacks Investment Research currently has $68.00 price target on the technology company’s stock.
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. “
Other equities research analysts have also issued research reports about the company. ValuEngine lowered BWX Technologies from a buy rating to a hold rating in a research note on Thursday, October 10th. SunTrust Banks set a $55.00 price objective on BWX Technologies and gave the company a hold rating in a research note on Wednesday, August 7th. Seaport Global Securities set a $62.00 price objective on BWX Technologies and gave the company a buy rating in a research note on Wednesday, August 7th. Maxim Group reissued a buy rating and set a $71.00 price objective on shares of BWX Technologies in a research note on Wednesday, August 7th. Finally, Barclays set a $55.00 price objective on BWX Technologies and gave the company a sell rating in a research note on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. BWX Technologies currently has an average rating of Hold and a consensus price target of $59.71.
NYSE:BWXT traded up $0.80 during trading hours on Thursday, hitting $61.01. 390,943 shares of the company’s stock traded hands, compared to its average volume of 527,980. The firm has a market cap of $5.74 billion, a P/E ratio of 25.53, a P/E/G ratio of 2.68 and a beta of 1.04. BWX Technologies has a 52 week low of $35.91 and a 52 week high of $62.94. The business’s fifty day simple moving average is $57.35 and its two-hundred day simple moving average is $53.85. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 2.40.
BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.14. The company 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%. The firm’s quarterly revenue was up 18.8% on a year-over-year basis. During the same quarter last year, the company earned $0.40 earnings per share. On average, analysts expect that BWX Technologies will post 2.55 EPS for the current year.
In other BWX Technologies news, CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $54.73, for a total transaction of $54,730.00. Following the completion of the sale, the chief financial officer now owns 75,161 shares of the company’s stock, valued at $4,113,561.53. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.44% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. William Blair Investment Management LLC lifted its stake in BWX Technologies by 10.4% during the second quarter. William Blair Investment Management LLC now owns 7,012,266 shares of the technology company’s stock worth $365,339,000 after purchasing an additional 659,488 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in BWX Technologies by 13.0% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,656,977 shares of the technology company’s stock worth $86,328,000 after purchasing an additional 190,041 shares during the last quarter. Invesco Ltd. lifted its stake in BWX Technologies by 16.9% during the second quarter. Invesco Ltd. now owns 1,594,660 shares of the technology company’s stock worth $83,082,000 after purchasing an additional 231,113 shares during the last quarter. Schroder Investment Management Group increased its holdings in shares of BWX Technologies by 87.6% in the second quarter. Schroder Investment Management Group now owns 1,442,966 shares of the technology company’s stock worth $75,178,000 after buying an additional 673,606 shares during the period. Finally, Royal Bank of Canada increased its holdings in shares of BWX Technologies by 10.9% in the second quarter. Royal Bank of Canada now owns 720,029 shares of the technology company’s stock worth $37,512,000 after buying an additional 70,625 shares during the period.
About BWX Technologies
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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