Bank of America Boosts BWX Technologies (NYSE:BWXT) Price Target to $160.00

BWX Technologies (NYSE:BWXT) had its price objective hoisted by Bank of America from $115.00 to $160.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Bank of America‘s price target would suggest a potential upside of 22.14% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Alembic Global Advisors raised shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target on the stock in a research report on Tuesday. Truist Financial boosted their price target on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Barclays downgraded BWX Technologies from an “equal weight” rating to an “underweight” rating and boosted their target price for the stock from $75.00 to $90.00 in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $122.43.

BWX Technologies Stock Down 0.8 %

Shares of NYSE BWXT traded down $1.11 during trading on Thursday, hitting $131.00. 396,781 shares of the company traded hands, compared to its average volume of 636,347. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. BWX Technologies has a fifty-two week low of $74.69 and a fifty-two week high of $136.13. The business’s fifty day moving average is $113.96 and its 200 day moving average is $101.65. The firm has a market capitalization of $11.98 billion, a price-to-earnings ratio of 43.38, a P/E/G ratio of 4.63 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last posted its 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 company had revenue of $672.00 million during the quarter, compared to the consensus estimate of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 earnings per share. Equities research analysts predict that BWX Technologies will post 3.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. CIBC Asset Management Inc raised its stake in BWX Technologies by 3.4% in the 3rd quarter. CIBC Asset Management Inc now owns 2,667 shares of the technology company’s stock valued at $290,000 after acquiring an additional 87 shares during the period. Stone House Investment Management LLC raised its position in shares of BWX Technologies by 76.2% in the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock valued at $25,000 after purchasing an additional 99 shares during the period. Blue Trust Inc. lifted its stake in shares of BWX Technologies by 37.2% during the 2nd quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock valued at $46,000 after buying an additional 121 shares in the last quarter. Hancock Whitney Corp boosted its holdings in BWX Technologies by 5.8% in the 3rd quarter. Hancock Whitney Corp now owns 2,434 shares of the technology company’s stock worth $265,000 after buying an additional 133 shares during the period. Finally, Valeo Financial Advisors LLC grew its stake in BWX Technologies by 4.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 3,539 shares of the technology company’s stock valued at $385,000 after buying an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

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.