BWX Technologies (NYSE:BWXT) Cut to "Hold (C+)" at Weiss Ratings

Key Points

• BWX Technologies has been downgraded by Weiss Ratings from a "buy (b-)" to a "hold (c+)" rating, impacting investor sentiment towards the stock.
• Despite the downgrade, analysts show a mixed outlook with varying ratings: two strong buy, six buy, four hold, and one sell, resulting in an average rating of "Moderate Buy."
• BWX Technologies reported strong quarterly earnings with an EPS of $1.02, exceeding analyst expectations, and is forecasting FY 2025 EPS guidance between 3.650-3.750.

BWX Technologies (NYSE:BWXT - Get Free Report) was downgraded by equities researchers at Weiss Ratings from a "buy (b-)" rating to a "hold (c+)" rating in a report released on Wednesday,Weiss Ratings reports.

A number of other brokerages have also recently commented on BWXT. Northland Capmk raised shares of BWX Technologies to a "strong-buy" rating in a research note on Tuesday, September 9th. Wedbush reaffirmed an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, October 1st. Northland Securities initiated coverage on shares of BWX Technologies in a research report on Wednesday, September 10th. They set an "outperform" rating and a $205.00 price objective for the company. Bank of America increased their target price on shares of BWX Technologies from $155.00 to $220.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Finally, Maxim Group reaffirmed a "hold" rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $164.58.

BWX Technologies Price Performance

NYSE:BWXT traded up $5.49 during trading hours on Wednesday, hitting $196.88. The stock had a trading volume of 815,584 shares, compared to its average volume of 1,129,553. BWX Technologies has a one year low of $84.21 and a one year high of $197.52. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. The firm has a market capitalization of $17.99 billion, a price-to-earnings ratio of 61.53, a P/E/G ratio of 4.33 and a beta of 0.78. The company has a 50 day simple moving average of $171.39 and a two-hundred day simple moving average of $138.70.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.23. The firm had revenue of $764.00 million for the quarter, compared to analysts' expectations of $708.00 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The company's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Research analysts forecast that BWX Technologies will post 3.23 earnings per share for the current fiscal year.

Insider Transactions at BWX Technologies

In related news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the business's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $177.43, for a total value of $371,183.56. Following the sale, the senior vice president owned 10,149 shares of the company's stock, valued at $1,800,737.07. The trade was a 17.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Omar Fathi Meguid sold 2,261 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $179.84, for a total value of $406,618.24. Following the completion of the transaction, the senior vice president owned 2,361 shares of the company's stock, valued at approximately $424,602.24. This represents a 48.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,953 shares of company stock worth $5,359,758 over the last quarter. 0.47% of the stock is owned by company insiders.

Institutional Trading of BWX Technologies

A number of large investors have recently bought and sold shares of BWXT. Merit Financial Group LLC purchased a new stake in BWX Technologies during the first quarter valued at about $202,000. UMB Bank n.a. raised its stake in BWX Technologies by 80.5% during the 1st quarter. UMB Bank n.a. now owns 915 shares of the technology company's stock valued at $90,000 after buying an additional 408 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of BWX Technologies by 11.4% in the 1st quarter. Park Avenue Securities LLC now owns 5,508 shares of the technology company's stock worth $543,000 after purchasing an additional 563 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of BWX Technologies by 109.6% during the 1st quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock valued at $46,000 after purchasing an additional 240 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of BWX Technologies by 7,014.5% during the 1st quarter. SG Americas Securities LLC now owns 126,993 shares of the technology company's stock valued at $12,528,000 after purchasing an additional 125,208 shares during the last quarter. 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.

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