BWX Technologies (NYSE:BWXT – Get Free Report) was upgraded by analysts at Guggenheim to a “strong-buy” rating in a report issued on Monday, Zacks reports.
Other analysts have also issued research reports about the company. BTIG Research reaffirmed a “buy” rating and issued a $235.00 price target on shares of BWX Technologies in a research note on Tuesday, August 4th. JPMorgan Chase & Co. assumed coverage on shares of BWX Technologies in a research report on Monday, July 27th. They set an “overweight” rating and a $230.00 price objective on the stock. Jefferies Financial Group began coverage on shares of BWX Technologies in a report on Thursday, September 3rd. They issued a “buy” rating and a $181.00 price objective for the company. Seaport Research Partners raised shares of BWX Technologies from a “neutral” rating to a “buy” rating and set a $245.00 target price for the company in a research report on Monday, June 22nd. Finally, Wall Street Zen lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $217.92.
Read Our Latest Stock Analysis on BWXT
BWX Technologies Stock Down 0.9%
BWX Technologies (NYSE:BWXT – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The technology company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.03. The business had revenue of $901.62 million during the quarter, compared to analysts’ expectations of $902.41 million. BWX Technologies had a return on equity of 30.83% and a net margin of 10.11%.The business’s revenue was up 18.0% on a year-over-year basis. During the same quarter last year, the business posted $1.02 EPS. BWX Technologies has set its FY 2026 guidance at 4.700-4.800 EPS. Sell-side analysts anticipate that BWX Technologies will post 4.75 EPS for the current year.
Insider Transactions at BWX Technologies
In other BWX Technologies news, CEO Rex D. Geveden sold 10,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $172.50, for a total value of $1,725,000.00. Following the sale, the chief executive officer directly owned 192,491 shares of the company’s stock, valued at approximately $33,204,697.50. The trade was a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.
Hedge Funds Weigh In On BWX Technologies
Several large investors have recently modified their holdings of BWXT. BlackRock Inc. purchased a new stake in BWX Technologies during the 2nd quarter valued at about $2,359,895,000. Franklin Resources Inc. lifted its stake in shares of BWX Technologies by 2.4% in the fourth quarter. Franklin Resources Inc. now owns 2,258,282 shares of the technology company’s stock worth $390,321,000 after buying an additional 53,594 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of BWX Technologies by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 1,857,716 shares of the technology company’s stock worth $321,176,000 after buying an additional 69,857 shares in the last quarter. Blair William & Co. IL grew its holdings in shares of BWX Technologies by 20.9% during the fourth quarter. Blair William & Co. IL now owns 1,439,666 shares of the technology company’s stock valued at $248,832,000 after buying an additional 248,598 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of BWX Technologies by 12.2% during the first quarter. First Trust Advisors LP now owns 1,391,079 shares of the technology company’s stock valued at $284,462,000 after buying an additional 151,580 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.
BWX Technologies Company Profile
BWX Technologies, Inc (NYSE: BWXT) is a technology and manufacturing company that specializes in nuclear components, systems and services. The company primarily serves government and commercial customers in the nuclear energy, national security and medical markets.
BWXT is a major supplier to the U.S. government and supports the U.S. Navy’s nuclear propulsion program by designing and manufacturing nuclear reactors and related components for naval vessels. Its offerings also include nuclear fuel, reactor components, engineering and maintenance services, and technologies intended for advanced and small modular reactors.
Through its commercial and medical businesses, BWXT provides nuclear equipment and services for civilian power generation, produces medical radioisotopes and related technologies, and supports research and other specialized applications.
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