BWX Technologies (NYSE:BWXT) Earns "Outperform" Rating from Wedbush

Key Points

• BWX Technologies received an "Outperform" rating from Wedbush, indicating positive analyst sentiment towards the stock.
• Deutsche Bank raised its price target for BWX Technologies from $119.00 to $150.00, reflecting increased confidence in the company's performance.
• The company reported strong quarterly earnings, with $1.02 EPS, surpassing analysts' consensus estimates of $0.79, and a revenue of $764 million, compared to an expected $708 million.

BWX Technologies (NYSE:BWXT - Get Free Report)'s stock had its "outperform" rating reissued by analysts at Wedbush in a research note issued on Wednesday,RTT News reports.

A number of other brokerages also recently commented on BWXT. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $150.00 price target (up previously from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a report on Wednesday, September 17th. Wall Street Zen downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Truist Financial set a $145.00 price objective on shares of BWX Technologies and gave the stock a "hold" rating in a research note on Tuesday, August 5th. Finally, Maxim Group reissued a "hold" rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, BWX Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $160.83.

BWX Technologies Price Performance

Shares of BWX Technologies stock traded up $2.45 during trading on Wednesday, reaching $186.82. 810,552 shares of the stock traded hands, compared to its average volume of 1,127,027. The company has a market capitalization of $17.07 billion, a price-to-earnings ratio of 58.39, a P/E/G ratio of 4.12 and a beta of 0.75. The business has a fifty day simple moving average of $167.23 and a two-hundred day simple moving average of $135.62. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. BWX Technologies has a 52-week low of $84.21 and a 52-week high of $189.25.

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

Insider Activity

In other BWX Technologies news, SVP Omar Fathi Meguid sold 2,261 shares of the company's stock in a transaction 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 sale, the senior vice president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $177.43, for a total transaction of $371,183.56. Following the completion of the sale, the senior vice president directly owned 10,149 shares in the company, valued at approximately $1,800,737.07. The trade was a 17.09% 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 valued at $5,359,758 over the last three months. Company insiders own 0.47% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BWXT. Valeo Financial Advisors LLC raised its position in shares of BWX Technologies by 33,572.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,517,599 shares of the technology company's stock worth $2,228,000 after purchasing an additional 1,513,092 shares during the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of BWX Technologies in the second quarter valued at approximately $183,859,000. William Blair Investment Management LLC increased its holdings in shares of BWX Technologies by 523.2% in the second quarter. William Blair Investment Management LLC now owns 1,517,356 shares of the technology company's stock valued at $218,590,000 after purchasing an additional 1,273,895 shares during the last quarter. Invesco Ltd. increased its holdings in shares of BWX Technologies by 139.0% in the second quarter. Invesco Ltd. now owns 1,592,380 shares of the technology company's stock valued at $229,398,000 after purchasing an additional 926,117 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of BWX Technologies in the second quarter valued at approximately $132,498,000. Institutional investors and hedge funds own 94.39% of the company's stock.

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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