BWX Technologies (NYSE:BWXT) Price Target Raised to $230.00

BWX Technologies (NYSE:BWXT) had its target price raised by analysts at Bank of America from $220.00 to $230.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Bank of America‘s price target would suggest a potential upside of 21.09% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Maxim Group reaffirmed a “hold” rating on shares of BWX Technologies in a report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft set a $180.00 price objective on BWX Technologies and gave the company a “hold” rating in a research note on Wednesday, October 8th. BTIG Research upped their target price on shares of BWX Technologies from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, November 7th. William Blair restated an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, September 17th. Finally, Northland Capmk upgraded shares of BWX Technologies to a “strong-buy” rating in a report on Tuesday, September 9th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, BWX Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $184.83.

BWX Technologies Stock Down 3.5%

Shares of BWX Technologies stock traded down $6.82 during trading on Thursday, hitting $189.95. 92,925 shares of the stock were exchanged, compared to its average volume of 1,162,724. The stock has a market cap of $17.37 billion, a price-to-earnings ratio of 58.95, a price-to-earnings-growth ratio of 4.24 and a beta of 0.78. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. The firm’s 50-day moving average price is $189.55 and its 200 day moving average price is $157.30. BWX Technologies has a 12-month low of $84.21 and a 12-month high of $218.50.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, November 3rd. The technology company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.15. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The company had revenue of $866.29 million for the quarter, compared to the consensus estimate of $795.48 million. During the same period last year, the firm posted $0.83 EPS. BWX Technologies’s revenue for the quarter was up 28.9% on a year-over-year basis. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. As a group, analysts forecast that BWX Technologies will post 3.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BWX Technologies

A number of institutional investors have recently modified their holdings of the business. Creative Financial Designs Inc. ADV increased its stake in BWX Technologies by 250.0% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 175 shares of the technology company’s stock worth $25,000 after buying an additional 125 shares in the last quarter. Hantz Financial Services Inc. increased its stake in shares of BWX Technologies by 861.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 202 shares of the technology company’s stock worth $29,000 after acquiring an additional 181 shares during the last quarter. WFA of San Diego LLC acquired a new position in shares of BWX Technologies during the 2nd quarter valued at about $29,000. Stone House Investment Management LLC purchased a new position in BWX Technologies during the first quarter worth about $31,000. Finally, Global Trust Asset Management LLC purchased a new stake in shares of BWX Technologies in the 3rd quarter valued at approximately $32,000. 94.39% of the stock is currently owned by institutional investors and hedge funds.

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.