Equities research analysts at Wells Fargo & Company assumed coverage on shares of BWX Technologies (NYSE:BWXT) in a note issued to investors on Monday, Marketbeat reports. The brokerage set a “market perform” rating and a $65.00 price target on the technology company’s stock. Wells Fargo & Company’s price objective suggests a potential upside of 6.63% from the company’s previous close.

A number of other equities analysts also recently issued reports on the stock. BidaskClub raised shares of BWX Technologies from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 26th. Zacks Investment Research downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. ValuEngine raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Robert W. Baird initiated coverage on shares of BWX Technologies in a report on Tuesday, October 24th. They issued an “outperform” rating and a $70.00 price objective on the stock. Finally, Bank of America raised their price objective on shares of BWX Technologies from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, October 5th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $62.14.

BWX Technologies (BWXT) traded down $1.02 on Monday, hitting $60.96. 429,092 shares of the company were exchanged, compared to its average volume of 700,310. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.81 and a current ratio of 1.81. The stock has a market capitalization of $6,161.04, a P/E ratio of 30.53, a price-to-earnings-growth ratio of 2.42 and a beta of 0.47. BWX Technologies has a one year low of $37.63 and a one year high of $62.85.

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 analysts’ consensus estimates of $0.46. The company had revenue of $419.36 million for the quarter, compared to the consensus estimate of $420.39 million. BWX Technologies had a net margin of 11.89% and a return on equity of 88.05%. The firm’s revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 earnings per share. research analysts predict that BWX Technologies will post 2.08 EPS for the current fiscal year.

In other BWX Technologies news, Chairman John A. Fees sold 21,453 shares of BWX Technologies stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $60.21, for a total transaction of $1,291,685.13. Following the transaction, the chairman now owns 87,919 shares of the company’s stock, valued at $5,293,602.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $59.00, for a total transaction of $59,000.00. The disclosure for this sale can be found here. Insiders have sold 23,453 shares of company stock worth $1,410,615 in the last ninety days. Insiders own 0.76% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Sterling Capital Management LLC lifted its holdings in BWX Technologies by 12.9% during the third quarter. Sterling Capital Management LLC now owns 60,975 shares of the technology company’s stock valued at $3,416,000 after purchasing an additional 6,961 shares in the last quarter. Alkeon Capital Management LLC lifted its holdings in shares of BWX Technologies by 7.1% in the third quarter. Alkeon Capital Management LLC now owns 1,354,132 shares of the technology company’s stock worth $75,859,000 after buying an additional 90,000 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of BWX Technologies by 6.0% in the third quarter. California Public Employees Retirement System now owns 285,919 shares of the technology company’s stock worth $16,017,000 after buying an additional 16,219 shares in the last quarter. Bamco Inc. NY lifted its holdings in shares of BWX Technologies by 9.0% in the third quarter. Bamco Inc. NY now owns 480,359 shares of the technology company’s stock worth $26,910,000 after buying an additional 39,840 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of BWX Technologies by 349.4% in the third quarter. Cubist Systematic Strategies LLC now owns 20,160 shares of the technology company’s stock worth $1,129,000 after buying an additional 15,674 shares in the last quarter. 95.50% of the stock is currently owned by institutional investors and hedge funds.

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About BWX Technologies

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.

Analyst Recommendations for BWX Technologies (NYSE:BWXT)

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