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

BWX Technologies (NYSE:BWXT - Get Free Report) had its price objective increased by Barclays from $90.00 to $105.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an "underweight" rating on the technology company's stock. Barclays's target price indicates a potential downside of 13.84% from the company's previous close.

Several other brokerages have also issued reports on BWXT. Deutsche Bank Aktiengesellschaft boosted their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Alembic Global Advisors upgraded BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 price target for the company in a report on Tuesday, November 12th. Truist Financial raised their price target on BWX Technologies from $95.00 to $106.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. StockNews.com cut BWX Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Finally, Bank of America lifted their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $124.57.

BWX Technologies Trading Up 0.8 %

Shares of BWXT traded up $0.95 on Monday, reaching $121.86. 664,288 shares of the company's stock were exchanged, compared to its average volume of 649,920. BWX Technologies has a 12 month low of $74.69 and a 12 month high of $136.31. The stock has a market capitalization of $11.14 billion, a P/E ratio of 40.35, a price-to-earnings-growth ratio of 4.12 and a beta of 0.70. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The business has a 50 day moving average price of $124.86 and a two-hundred day moving average price of $107.72.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.06. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company had revenue of $672.00 million for the quarter, compared to the consensus estimate of $658.84 million. During the same quarter in the prior year, the business posted $0.67 EPS. The firm's quarterly revenue was up 13.9% on a year-over-year basis. Research analysts anticipate that BWX Technologies will post 3.23 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BWXT. AQR Capital Management LLC increased its holdings in BWX Technologies by 77.8% in the 2nd quarter. AQR Capital Management LLC now owns 132,263 shares of the technology company's stock worth $12,565,000 after purchasing an additional 57,879 shares in the last quarter. Geode Capital Management LLC raised its holdings in BWX Technologies by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company's stock valued at $182,938,000 after buying an additional 26,130 shares during the last quarter. Hilton Capital Management LLC bought a new stake in BWX Technologies during the 3rd quarter worth approximately $2,237,000. Bullseye Asset Management LLC increased its position in BWX Technologies by 39.5% in the 3rd quarter. Bullseye Asset Management LLC now owns 17,655 shares of the technology company's stock valued at $1,920,000 after acquiring an additional 5,000 shares during the period. Finally, Bridges Investment Management Inc. lifted its holdings in shares of BWX Technologies by 76.3% during the second quarter. Bridges Investment Management Inc. now owns 359,147 shares of the technology company's stock worth $34,119,000 after purchasing an additional 155,387 shares during the period. 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.