BWX Technologies (NYSE:BWXT) Downgraded by StockNews.com to Hold

BWX Technologies (NYSE:BWXT) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

A number of other research analysts have also recently commented on BWXT. Truist Financial increased their target price on BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research note on Tuesday. Barclays downgraded BWX Technologies from an “equal weight” rating to an “underweight” rating and boosted their target price for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $110.67.

BWX Technologies Trading Up 2.3 %

Shares of BWXT stock opened at $121.01 on Wednesday. BWX Technologies has a 52-week low of $74.69 and a 52-week high of $128.00. The business’s fifty day moving average is $111.83 and its 200 day moving average is $100.67. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.23 and a current ratio of 2.23. The company has a market capitalization of $11.06 billion, a PE ratio of 40.07, a price-to-earnings-growth ratio of 4.30 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.77 by $0.06. BWX Technologies had a return on equity of 32.78% and a net margin of 10.32%. The company had revenue of $672.00 million during the quarter, compared to analyst estimates of $658.84 million. During the same quarter in the previous year, the firm earned $0.67 earnings per share. BWX Technologies’s revenue was up 13.9% on a year-over-year basis. On average, equities research analysts anticipate that BWX Technologies will post 3.2 EPS for the current fiscal year.

Hedge Funds Weigh In On BWX Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC increased its position in BWX Technologies by 77.8% during the 2nd quarter. AQR Capital Management LLC now owns 132,263 shares of the technology company’s stock valued at $12,565,000 after purchasing an additional 57,879 shares during the period. Bridges Investment Management Inc. raised its position in shares of BWX Technologies by 76.3% in the 2nd quarter. Bridges Investment Management Inc. now owns 359,147 shares of the technology company’s stock worth $34,119,000 after acquiring an additional 155,387 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of BWX Technologies in the 1st quarter valued at approximately $1,096,000. Russell Investments Group Ltd. boosted its position in shares of BWX Technologies by 39.9% during the first quarter. Russell Investments Group Ltd. now owns 111,757 shares of the technology company’s stock valued at $11,469,000 after purchasing an additional 31,845 shares in the last quarter. Finally, Compass Wealth Management LLC purchased a new stake in BWX Technologies in the third quarter worth $3,456,000. Institutional investors own 94.39% of the company’s stock.

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.