Maxim Group Forecasts Strong Price Appreciation for BWX Technologies (NYSE:BWXT) Stock

BWX Technologies (NYSE:BWXT) had its price target increased by Maxim Group from $138.00 to $140.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Maxim Group’s price objective points to a potential upside of 21.97% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Alembic Global Advisors raised shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective for the company in a research note on Tuesday, November 12th. StockNews.com lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Truist Financial lifted their price objective on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Barclays lifted their price objective on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research note on Monday, December 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. 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’s stock. According to MarketBeat.com, BWX Technologies has an average rating of “Moderate Buy” and an average price target of $126.50.

BWX Technologies Trading Up 0.2 %

BWX Technologies stock opened at $114.78 on Friday. The stock has a market cap of $10.50 billion, a P/E ratio of 38.01, a PEG ratio of 4.12 and a beta of 0.73. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. BWX Technologies has a 1 year low of $77.31 and a 1 year high of $136.31. The firm’s 50 day moving average price is $121.55 and its 200-day moving average price is $110.59.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.06. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company had revenue of $672.00 million for the quarter, compared to analysts’ expectations of $658.84 million. During the same quarter in the previous year, the business posted $0.67 earnings per share. BWX Technologies’s quarterly revenue was up 13.9% on a year-over-year basis. On average, equities analysts predict that BWX Technologies will post 3.23 earnings per share for the current fiscal year.

Institutional Trading of BWX Technologies

Hedge funds have recently added to or reduced their stakes in the business. First Hawaiian Bank raised its holdings in BWX Technologies by 13.1% in the fourth quarter. First Hawaiian Bank now owns 4,134 shares of the technology company’s stock worth $460,000 after purchasing an additional 480 shares in the last quarter. Diversified Trust Co bought a new position in BWX Technologies in the fourth quarter worth about $210,000. GAMMA Investing LLC raised its holdings in BWX Technologies by 72.2% in the fourth quarter. GAMMA Investing LLC now owns 1,646 shares of the technology company’s stock worth $183,000 after purchasing an additional 690 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in BWX Technologies by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 272,271 shares of the technology company’s stock worth $29,596,000 after purchasing an additional 2,984 shares in the last quarter. Finally, Retirement Systems of Alabama raised its holdings in BWX Technologies by 9.1% in the third quarter. Retirement Systems of Alabama now owns 123,132 shares of the technology company’s stock worth $13,384,000 after purchasing an additional 10,310 shares in the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

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.