Truist Financial Boosts BWX Technologies (NYSE:BWXT) Price Target to $114.00

BWX Technologies (NYSE:BWXT - Get Free Report) had its price target upped by Truist Financial from $106.00 to $114.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a "hold" rating on the technology company's stock. Truist Financial's price objective suggests a potential downside of 2.53% from the company's previous close.

A number of other research firms have also issued reports on BWXT. Maxim Group upped their price target on BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Friday. Deutsche Bank Aktiengesellschaft upped their target price on BWX Technologies from $129.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Barclays boosted their price target on shares of BWX Technologies from $90.00 to $105.00 and gave the company an "underweight" rating in a research report on Monday, December 16th. Bank of America boosted their price objective on shares of BWX Technologies from $115.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Finally, Alembic Global Advisors upgraded shares of BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 price target for the company in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $127.50.

BWX Technologies Price Performance

Shares of BWXT traded up $2.42 during mid-day trading on Tuesday, hitting $116.96. 574,362 shares of the company were exchanged, compared to its average volume of 730,208. The stock has a market cap of $10.70 billion, a price-to-earnings ratio of 38.73, a price-to-earnings-growth ratio of 4.12 and a beta of 0.73. BWX Technologies has a 1-year low of $78.47 and a 1-year high of $136.31. The company has a 50 day moving average of $121.44 and a 200-day moving average of $110.83. 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 (NYSE:BWXT - Get Free Report) last announced its earnings results on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.06. The business had revenue of $672.00 million during the quarter, compared to analysts' expectations of $658.84 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business's revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.67 earnings per share. Analysts expect that BWX Technologies will post 3.23 EPS for the current fiscal year.

Hedge Funds Weigh In On BWX Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC grew its stake in shares of BWX Technologies by 2.9% during the second quarter. Commonwealth Equity Services LLC now owns 5,293 shares of the technology company's stock worth $503,000 after purchasing an additional 149 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in BWX Technologies during the 2nd quarter valued at approximately $409,000. Dimensional Fund Advisors LP grew its position in BWX Technologies by 6.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,343,076 shares of the technology company's stock valued at $127,593,000 after buying an additional 77,237 shares during the last quarter. Renaissance Technologies LLC lifted its position in BWX Technologies by 1,284.0% in the second quarter. Renaissance Technologies LLC now owns 69,200 shares of the technology company's stock valued at $6,574,000 after purchasing an additional 64,200 shares during the period. Finally, L & S Advisors Inc boosted its stake in shares of BWX Technologies by 22.9% in the second quarter. L & S Advisors Inc now owns 29,669 shares of the technology company's stock valued at $2,819,000 after buying an additional 5,522 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.