BWX Technologies (NYSE:BWXT) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday.

BWXT has been the topic of several other research reports. BidaskClub upgraded BWX Technologies from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 26th. Bank of America raised their price objective on BWX Technologies from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, October 5th. Zacks Investment Research upgraded BWX Technologies from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Thursday, August 10th. Robert W. Baird started coverage on BWX Technologies in a report on Tuesday, October 24th. They set an “outperform” rating and a $70.00 price objective on the stock. Finally, SunTrust Banks restated a “buy” rating and set a $62.00 price objective on shares of BWX Technologies in a report on Monday, October 2nd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $61.67.

BWX Technologies (BWXT) traded down $0.57 during mid-day trading on Friday, hitting $61.88. The stock had a trading volume of 481,246 shares, compared to its average volume of 532,190. BWX Technologies has a 1-year low of $37.63 and a 1-year high of $62.49. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $6,151.12, a PE ratio of 30.48, a price-to-earnings-growth ratio of 2.41 and a beta of 0.47.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, November 6th. The technology company reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. BWX Technologies had a return on equity of 88.05% and a net margin of 11.89%. The business had revenue of $419.36 million for the quarter, compared to analysts’ expectations of $420.39 million. During the same quarter last year, the firm earned $0.39 earnings per share. The business’s revenue was up 10.5% on a year-over-year basis. sell-side analysts forecast that BWX Technologies will post 2.08 EPS for the current year.

In related news, insider Harbour Group L.P. Blue sold 1,992,829 shares of BWX Technologies stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $53.20, for a total value of $106,018,502.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman John A. Fees sold 21,453 shares of BWX Technologies stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $60.21, for a total value of $1,291,685.13. Following the completion of the transaction, the chairman now owns 87,919 shares in the company, valued at approximately $5,293,602.99. The disclosure for this sale can be found here. Insiders sold 2,016,282 shares of company stock worth $107,429,118 in the last quarter. 0.76% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC purchased a new position in BWX Technologies in the second quarter valued at about $145,836,000. Artisan Partners Limited Partnership raised its position in BWX Technologies by 210.9% in the second quarter. Artisan Partners Limited Partnership now owns 4,100,416 shares of the technology company’s stock valued at $199,895,000 after purchasing an additional 2,781,599 shares during the period. Wells Fargo & Company MN raised its position in BWX Technologies by 310.0% in the second quarter. Wells Fargo & Company MN now owns 3,071,474 shares of the technology company’s stock valued at $149,735,000 after purchasing an additional 2,322,309 shares during the period. Brown Advisory Inc. raised its position in BWX Technologies by 4,067.9% in the third quarter. Brown Advisory Inc. now owns 2,162,739 shares of the technology company’s stock valued at $121,157,000 after purchasing an additional 2,110,849 shares during the period. Finally, Franklin Resources Inc. raised its position in BWX Technologies by 659.9% in the second quarter. Franklin Resources Inc. now owns 1,047,954 shares of the technology company’s stock valued at $51,088,000 after purchasing an additional 910,054 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

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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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Analyst Recommendations for BWX Technologies (NYSE:BWXT)

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