BWX Technologies (NYSE:BWXT) Stock Price Expected to Rise, Truist Financial Analyst Says

BWX Technologies (NYSE:BWXT) had its price target lifted by investment analysts at Truist Financial from $95.00 to $106.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the technology company’s stock. Truist Financial’s price objective would suggest a potential downside of 10.42% from the stock’s current price.

A number of other research firms have also weighed in on BWXT. Barclays lowered shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and increased their price objective for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft increased their price target on BWX Technologies from $113.00 to $129.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, StockNews.com upgraded BWX Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, BWX Technologies has an average rating of “Moderate Buy” and a consensus target price of $110.67.

BWX Technologies Price Performance

Shares of BWX Technologies stock opened at $118.33 on Tuesday. The stock has a market cap of $10.82 billion, a price-to-earnings ratio of 39.18, a price-to-earnings-growth ratio of 4.41 and a beta of 0.69. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.23 and a current ratio of 2.23. The stock has a 50 day moving average price of $111.46 and a 200-day moving average price of $100.53. BWX Technologies has a one year low of $74.69 and a one year high of $128.00.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.77 by $0.06. BWX Technologies had a net margin of 10.29% and a return on equity of 31.93%. The company had revenue of $672.00 million during the quarter, compared to analyst estimates of $658.84 million. During the same period in the previous year, the firm earned $0.67 earnings per share. BWX Technologies’s quarterly revenue was up 13.9% compared to the same quarter last year. Equities analysts expect that BWX Technologies will post 3.2 EPS for the current year.

Hedge Funds Weigh In On BWX Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of BWX Technologies by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 8,735,898 shares of the technology company’s stock worth $896,478,000 after purchasing an additional 58,680 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in BWX Technologies by 12.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,707,832 shares of the technology company’s stock worth $162,244,000 after buying an additional 192,042 shares during the period. Dimensional Fund Advisors LP lifted its holdings in BWX Technologies by 6.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,343,076 shares of the technology company’s stock worth $127,593,000 after buying an additional 77,237 shares during the period. Van ECK Associates Corp boosted its position in BWX Technologies by 49.7% during the 3rd quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock valued at $104,381,000 after acquiring an additional 318,598 shares in the last quarter. Finally, Fiera Capital Corp increased its holdings in shares of BWX Technologies by 1.1% in the 2nd quarter. Fiera Capital Corp now owns 936,839 shares of the technology company’s stock valued at $89,000,000 after acquiring an additional 10,475 shares during the period. Institutional investors own 94.39% of the company’s stock.

About BWX Technologies

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.