Bank of America Lowers BWX Technologies (NYSE:BWXT) Price Target to $135.00

BWX Technologies (NYSE:BWXT) had its price objective decreased by equities research analysts at Bank of America from $160.00 to $135.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Bank of America‘s target price points to a potential upside of 33.07% from the stock’s previous close.

A number of other equities analysts have also weighed in on BWXT. Truist Financial increased their target price on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Maxim Group lifted their price objective on shares of BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Barclays increased their target price on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $124.38.

BWX Technologies Stock Performance

NYSE BWXT opened at $101.45 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The company has a market capitalization of $9.27 billion, a PE ratio of 33.59, a price-to-earnings-growth ratio of 3.20 and a beta of 0.69. BWX Technologies has a 52-week low of $86.70 and a 52-week high of $136.31. The company has a 50-day simple moving average of $107.73 and a 200 day simple moving average of $114.26.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.80 by $0.12. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business had revenue of $746.27 million for the quarter, compared to the consensus estimate of $653.16 million. On average, research analysts predict that BWX Technologies will post 3.23 EPS for the current year.

Insider Buying and Selling

In other BWX Technologies news, SVP Robert L. Duffy sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total transaction of $624,180.00. Following the sale, the senior vice president now owns 3,206 shares in the company, valued at $333,520.18. This trade represents a 65.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $104.92, for a total value of $209,840.00. Following the completion of the transaction, the senior vice president now owns 9,904 shares of the company’s stock, valued at $1,039,127.68. The trade was a 16.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,625 shares of company stock worth $5,734,145. Corporate insiders own 0.47% of the company’s stock.

Hedge Funds Weigh In On BWX Technologies

A number of large investors have recently modified their holdings of the company. Stone House Investment Management LLC raised its stake in shares of BWX Technologies by 76.2% during the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock worth $25,000 after acquiring an additional 99 shares in the last quarter. Quarry LP raised its position in BWX Technologies by 93.6% in the 3rd quarter. Quarry LP now owns 271 shares of the technology company’s stock worth $29,000 after purchasing an additional 131 shares during the period. Retirement Wealth Solutions LLC bought a new stake in BWX Technologies in the fourth quarter worth $30,000. HHM Wealth Advisors LLC boosted its position in BWX Technologies by 45.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company’s stock valued at $32,000 after buying an additional 90 shares during the period. Finally, Ameriflex Group Inc. bought a new position in shares of BWX Technologies during the fourth quarter valued at about $34,000. 94.39% of the stock is owned by hedge funds and other institutional investors.

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.