BWX Technologies (NYSE:BWXT) Price Target Raised to $80.00 at Maxim Group

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BWX Technologies (NYSE:BWXT) had its price target raised by equities research analysts at Maxim Group from $75.00 to $80.00 in a research report issued on Thursday, The Fly reports. The brokerage currently has a “buy” rating on the technology company’s stock. Maxim Group’s price target would indicate a potential upside of 19.03% from the company’s previous close.

Separately, Robert W. Baird lowered shares of BWX Technologies from an “outperform” rating to a “neutral” rating and set a $70.00 target price for the company. in a research report on Thursday, January 7th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. BWX Technologies has an average rating of “Buy” and an average target price of $71.40.

Shares of BWXT opened at $67.21 on Thursday. BWX Technologies has a 1-year low of $49.50 and a 1-year high of $68.67. The firm has a market cap of $6.39 billion, a PE ratio of 23.50, a P/E/G ratio of 2.13 and a beta of 0.96. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.64. The firm has a fifty day simple moving average of $62.31 and a two-hundred day simple moving average of $58.94.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Sunday, February 21st. The technology company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. BWX Technologies had a return on equity of 61.50% and a net margin of 13.27%. The firm had revenue of $557.00 million for the quarter, compared to the consensus estimate of $496.13 million. During the same quarter last year, the company earned $0.71 earnings per share. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, research analysts forecast that BWX Technologies will post 3 EPS for the current fiscal year.

In other news, CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction dated Thursday, March 11th. The stock was sold at an average price of $61.09, for a total transaction of $61,090.00. Following the sale, the chief financial officer now directly owns 73,967 shares in the company, valued at approximately $4,518,644.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have sold 2,300 shares of company stock worth $134,563. Corporate insiders own 0.46% of the company’s stock.

Large investors have recently bought and sold shares of the company. Advisors Preferred LLC acquired a new stake in BWX Technologies in the 2nd quarter valued at about $30,000. NumerixS Investment Technologies Inc purchased a new stake in shares of BWX Technologies in the second quarter valued at approximately $31,000. SOA Wealth Advisors LLC. acquired a new stake in shares of BWX Technologies in the fourth quarter valued at approximately $34,000. Fortis Group Advisors LLC purchased a new position in BWX Technologies during the third quarter worth approximately $34,000. Finally, Fieldpoint Private Securities LLC acquired a new position in BWX Technologies during the fourth quarter worth $38,000. 96.05% of the stock is currently owned by hedge funds and other institutional investors.

BWX Technologies Company Profile

BWX Technologies, Inc manufactures and sells nuclear components in the United States, Canada, and internationally. Its Nuclear Operations Group segment offers nuclear components, reactors, assemblies, and fuel for the United States Department of Energy/National Nuclear Security Administration's Naval Nuclear Propulsion Program and other uses; close-tolerance equipment for nuclear applications; research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications.

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