Bank of America Issues Pessimistic Forecast for BWX Technologies (NYSE:BWXT) Stock Price

BWX Technologies (NYSE:BWXT) had its target price decreased by stock analysts at Bank of America from $160.00 to $135.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Bank of America‘s target price points to a potential upside of 33.07% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Maxim Group boosted their price objective on shares of BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Truist Financial increased their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Finally, Barclays lifted their price objective on BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.38.

BWX Technologies Price Performance

Shares of BWX Technologies stock opened at $101.45 on Wednesday. The company’s fifty day simple moving average is $107.73 and its two-hundred day simple moving average is $114.26. BWX Technologies has a 12-month low of $86.70 and a 12-month high of $136.31. The firm has a market cap of $9.27 billion, a PE ratio of 33.59, a price-to-earnings-growth ratio of 3.20 and a beta of 0.69. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.12. The company had revenue of $746.27 million for the quarter, compared to analysts’ expectations of $653.16 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. As a group, equities analysts expect that BWX Technologies will post 3.23 EPS for the current year.

Insider Activity

In other news, CEO Rex D. Geveden sold 45,625 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $107.40, for a total transaction of $4,900,125.00. Following the completion of the transaction, the chief executive officer now directly owns 218,218 shares of the company’s stock, valued at $23,436,613.20. The trade was a 17.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total transaction of $209,840.00. Following the completion of the sale, the senior vice president now owns 9,904 shares in the company, valued at $1,039,127.68. This represents a 16.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 53,625 shares of company stock valued at $5,734,145 over the last ninety days. 0.47% of the stock is currently owned by corporate insiders.

Institutional Trading of BWX Technologies

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in BWX Technologies by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 9,211,924 shares of the technology company’s stock worth $1,026,116,000 after purchasing an additional 202,917 shares during the last quarter. Demars Financial Group LLC boosted its holdings in shares of BWX Technologies by 9,309.0% in the fourth quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company’s stock worth $499,299,000 after buying an additional 4,434,799 shares during the last quarter. Franklin Resources Inc. grew its position in BWX Technologies by 8.5% during the fourth quarter. Franklin Resources Inc. now owns 2,315,671 shares of the technology company’s stock valued at $257,943,000 after buying an additional 182,311 shares during the period. FMR LLC raised its position in BWX Technologies by 22.3% in the third 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. Finally, Geode Capital Management LLC boosted its stake in shares of BWX Technologies by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company’s stock worth $182,938,000 after acquiring an additional 26,130 shares during the last quarter. 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.