BWX Technologies (NYSE:BWXT) Stock Rating Upgraded by Alembic Global Advisors

BWX Technologies (NYSE:BWXT) was upgraded by research analysts at Alembic Global Advisors from a “neutral” rating to an “overweight” rating in a research note issued on Tuesday, MarketBeat reports. The firm currently has a $148.00 price objective on the technology company’s stock. Alembic Global Advisors’ target price would suggest a potential upside of 12.05% from the company’s previous close.

Several other research firms also recently issued reports on BWXT. StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Truist Financial lifted their price objective on BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Finally, Barclays downgraded BWX Technologies from an “equal weight” rating to an “underweight” rating and lifted their price objective for the stock from $75.00 to $90.00 in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $116.00.

BWX Technologies Stock Performance

BWX Technologies stock opened at $132.08 on Tuesday. The stock’s 50 day moving average price is $113.96 and its 200 day moving average price is $101.65. The firm has a market capitalization of $12.08 billion, a PE ratio of 43.74, a price-to-earnings-growth ratio of 4.63 and a beta of 0.69. 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 one year low of $74.69 and a one year high of $134.21.

BWX Technologies (NYSE:BWXT) last released its quarterly 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 firm had revenue of $672.00 million for the quarter, compared to analyst estimates of $658.84 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. BWX Technologies’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 EPS. As a group, sell-side analysts expect that BWX Technologies will post 3.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. boosted its position in BWX Technologies by 11,107.7% during the 1st quarter. Bessemer Group Inc. now owns 834,973 shares of the technology company’s stock worth $85,684,000 after acquiring an additional 827,523 shares during the period. Thrivent Financial for Lutherans boosted its position in BWX Technologies by 1,121.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 578,068 shares of the technology company’s stock worth $54,916,000 after acquiring an additional 530,749 shares during the period. FMR LLC boosted its position in BWX Technologies by 22.3% during the 3rd quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock worth $190,721,000 after acquiring an additional 320,217 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 worth $104,381,000 after acquiring an additional 318,598 shares during the period. Finally, Sapient Capital LLC acquired a new stake in shares of BWX Technologies in the second quarter valued at $29,408,000. 94.39% of the stock is currently owned by institutional investors.

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.