BWX Technologies (NYSE:BWXT) Earns Hold Rating from Maxim Group

Key Points

• BWX Technologies received a "hold" rating from Maxim Group, which was reissued on Wednesday, reflecting analysts' cautious outlook on the stock.
• The current consensus rating for BWX Technologies is "Moderate Buy," with an average target price of $142.37, according to MarketBeat.
• In its latest quarterly earnings, BWX Technologies reported an EPS of $1.02, exceeding analysts' expectations and representing a 12.1% year-over-year revenue increase.

BWX Technologies (NYSE:BWXT - Get Free Report)'s stock had its "hold" rating reissued by equities research analysts at Maxim Group in a note issued to investors on Wednesday,Benzinga reports.

A number of other equities research analysts have also issued reports on BWXT. William Blair restated an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. Truist Financial set a $145.00 price target on shares of BWX Technologies and gave the company a "hold" rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $150.00 price target (up previously from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. CLSA reaffirmed an "outperform" rating and set a $177.60 price objective (up from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. Finally, Wall Street Zen raised shares of BWX Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, BWX Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $142.37.

BWX Technologies Price Performance

Shares of NYSE BWXT traded down $3.05 during midday trading on Wednesday, reaching $178.95. The company's stock had a trading volume of 1,812,064 shares, compared to its average volume of 1,127,585. The company has a current ratio of 2.02, a quick ratio of 1.91 and a debt-to-equity ratio of 1.08. The company has a 50 day moving average price of $140.58 and a 200 day moving average price of $118.36. BWX Technologies has a one year low of $84.21 and a one year high of $189.25. The company has a market cap of $16.35 billion, a price-to-earnings ratio of 55.92, a price-to-earnings-growth ratio of 3.90 and a beta of 0.73.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings results 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. BWX Technologies had a net margin of 10.28% and a return on equity of 31.34%. The business had revenue of $764.00 million for the quarter, compared to analyst estimates of $708.00 million. During the same quarter in the previous year, the business earned $0.82 earnings per share. The firm's revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts expect that BWX Technologies will post 3.23 EPS for the current year.

Institutional Trading of BWX Technologies

Several large investors have recently modified their holdings of the company. Creative Financial Designs Inc. ADV raised its position in BWX Technologies by 250.0% in the second quarter. Creative Financial Designs Inc. ADV now owns 175 shares of the technology company's stock worth $25,000 after purchasing an additional 125 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in BWX Technologies by 861.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 202 shares of the technology company's stock worth $29,000 after acquiring an additional 181 shares during the last quarter. Stone House Investment Management LLC bought a new position in shares of BWX Technologies in the 1st quarter valued at about $31,000. Compass Financial Services Inc bought a new position in shares of BWX Technologies in the 1st quarter valued at about $33,000. Finally, Ameriflex Group Inc. bought a new position in BWX Technologies during the 4th quarter worth approximately $34,000. 94.39% of the stock is owned by institutional investors.

About BWX Technologies

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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