BWX Technologies, Inc. (NYSE:BWXT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The firm presently has a $60.00 price target on the technology company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 11.21% from the stock’s previous close.
According to Zacks, “BWX Technologies, Inc. supplies precision manufactured components and services to the commercial nuclear power industry. The company offers technical, management and site services to governments in complex facilities and environmental remediation activities. It operates primarily in Lynchburg, Va., Ohio and Cambridge, Ontario. BWX Technologies, Inc., formerly known as Babcock & Wilcox Company, is headquartered in Lynchburg, Va. “
Several other research analysts also recently commented on BWXT. Bank of America Corporation restated a “buy” rating and issued a $55.00 target price on shares of BWX Technologies in a research note on Thursday. Sidoti restated a “buy” rating and issued a $62.00 target price on shares of BWX Technologies in a research note on Wednesday, May 31st. BidaskClub upgraded BWX Technologies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Finally, Credit Suisse Group began coverage on BWX Technologies in a research note on Friday, June 9th. They issued a “neutral” rating and a $51.00 target price for the company. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $52.83.
BWX Technologies (NYSE:BWXT) traded down 0.07% during midday trading on Thursday, reaching $53.95. 648,734 shares of the company traded hands. The firm has a 50-day moving average price of $50.43 and a 200-day moving average price of $47.65. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 28.51 and a beta of 0.45. BWX Technologies has a one year low of $36.16 and a one year high of $54.53.
BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, August 7th. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.47 by $0.09. BWX Technologies had a return on equity of 107.13% and a net margin of 11.81%. The business had revenue of $410.01 million during the quarter, compared to the consensus estimate of $429.38 million. During the same quarter last year, the company earned $0.44 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. Equities analysts predict that BWX Technologies will post $1.99 EPS for the current fiscal year.
In other news, insider Harbour Group L.P. Blue sold 3,295,098 shares of BWX Technologies stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $47.43, for a total transaction of $156,286,498.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.76% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. acquired a new stake in shares of BWX Technologies during the first quarter worth about $124,000. Federated Investors Inc. PA acquired a new stake in shares of BWX Technologies during the second quarter worth about $151,000. Creative Planning increased its stake in shares of BWX Technologies by 130.1% in the first quarter. Creative Planning now owns 3,360 shares of the technology company’s stock worth $160,000 after buying an additional 1,900 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of BWX Technologies by 23.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,784 shares of the technology company’s stock worth $184,000 after buying an additional 721 shares during the period. Finally, US Bancorp DE increased its stake in shares of BWX Technologies by 218.0% in the second quarter. US Bancorp DE now owns 4,045 shares of the technology company’s stock worth $198,000 after buying an additional 2,773 shares during the period. Hedge funds and other institutional investors own 95.44% of the company’s stock.
BWX Technologies Company Profile
BWX Technologies, Inc is a manufacturer of nuclear components and a service provider. The Company’s businesses focus on the design, engineering and manufacture of precision naval nuclear components, reactors and nuclear fuel for the United States Government. Its segments include Nuclear Operations, Technical Services, Nuclear Energy and Other.
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