BWX Technologies Inc (BWXT) Receives $70.00 Consensus Price Target from Brokerages

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Shares of BWX Technologies Inc (NYSE:BWXT) have earned an average recommendation of “Hold” from the twelve brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $70.00.

BWXT has been the topic of a number of research analyst reports. Zacks Investment Research upgraded BWX Technologies from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Monday, July 9th. SunTrust Banks lowered their price target on BWX Technologies from $83.00 to $79.00 and set a “buy” rating on the stock in a report on Tuesday, August 21st.

In related news, CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction on Thursday, October 11th. The stock was sold at an average price of $57.65, for a total transaction of $57,650.00. Following the completion of the sale, the chief financial officer now owns 68,570 shares of the company’s stock, valued at $3,953,060.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Jason S. Kerr sold 1,365 shares of BWX Technologies stock in a transaction on Monday, August 20th. The shares were sold at an average price of $64.06, for a total value of $87,441.90. Following the sale, the vice president now directly owns 9,132 shares of the company’s stock, valued at approximately $584,995.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,365 shares of company stock valued at $269,062. Insiders own 0.76% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. boosted its position in BWX Technologies by 1.3% during the second quarter. Macquarie Group Ltd. now owns 62,238 shares of the technology company’s stock valued at $3,879,000 after purchasing an additional 823 shares during the last quarter. Aperio Group LLC boosted its position in BWX Technologies by 3.5% during the third quarter. Aperio Group LLC now owns 27,838 shares of the technology company’s stock valued at $1,741,000 after purchasing an additional 941 shares during the last quarter. Bank of Montreal Can boosted its position in BWX Technologies by 4.3% during the third quarter. Bank of Montreal Can now owns 23,151 shares of the technology company’s stock valued at $1,448,000 after purchasing an additional 951 shares during the last quarter. Atria Investments LLC boosted its position in BWX Technologies by 28.4% during the third quarter. Atria Investments LLC now owns 4,383 shares of the technology company’s stock valued at $274,000 after purchasing an additional 970 shares during the last quarter. Finally, Pennsylvania Trust Co lifted its position in shares of BWX Technologies by 2.0% in the third quarter. Pennsylvania Trust Co now owns 59,826 shares of the technology company’s stock worth $3,742,000 after buying an additional 1,170 shares during the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

Shares of BWXT stock opened at $59.11 on Wednesday. BWX Technologies has a 1-year low of $56.80 and a 1-year high of $72.18. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 1.72. The firm has a market cap of $5.92 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 2.09 and a beta of 0.45.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, August 6th. The technology company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.02). BWX Technologies had a net margin of 9.05% and a return on equity of 66.19%. The business had revenue of $438.92 million for the quarter, compared to analysts’ expectations of $445.70 million. During the same quarter in the prior year, the firm posted $0.56 EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts anticipate that BWX Technologies will post 2.54 EPS for the current year.

About BWX Technologies

BWX Technologies, Inc manufactures and sells nuclear components to the United States government. The company operates in three segments: Nuclear Operations, Technical Services, and Nuclear Energy. The Nuclear Operations segment offers precision naval nuclear components and reactors; close-tolerance and equipment for nuclear applications; and components for defense applications, as well as critical nuclear components, fuels, and assemblies for government and other uses.

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