BWX Technologies (NYSE:BWXT) Price Target Raised to $173.00 at Truist Financial

Key Points

• Truist Financial raised the price target for BWX Technologies from $145.00 to $173.00, while maintaining a "hold" rating, indicating a potential downside of 14.36% from the previous close.
• Several analysts have varied opinions on BWX Technologies, with ratings varying from "strong-buy" to "sell"; the consensus rating is "Moderate Buy" with an average price target of $168.08.
• BWX Technologies reported better-than-expected earnings per share of $1.02 for the last quarter, surpassing analysts' estimates of $0.79, and revenue increased by 12.1% compared to the previous year.

BWX Technologies (NYSE:BWXT - Get Free Report) had its target price hoisted by equities research analysts at Truist Financial from $145.00 to $173.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a "hold" rating on the technology company's stock. Truist Financial's target price indicates a potential downside of 14.36% from the company's previous close.

Other equities analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. William Blair reiterated an "outperform" rating on shares of BWX Technologies in a report on Wednesday, September 17th. Wedbush reiterated an "outperform" rating on shares of BWX Technologies in a report on Wednesday, October 1st. Zacks Research upgraded shares of BWX Technologies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 7th. Finally, Northland Capmk raised shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, September 9th. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, BWX Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $168.08.

BWX Technologies Price Performance

BWXT stock traded down $0.44 on Wednesday, hitting $202.02. 899,450 shares of the company's stock traded hands, compared to its average volume of 1,128,114. BWX Technologies has a 1-year low of $84.21 and a 1-year high of $214.00. The stock has a fifty day moving average of $175.24 and a 200-day moving average of $141.96. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28. The stock has a market cap of $18.46 billion, a price-to-earnings ratio of 63.21, a P/E/G ratio of 3.93 and a beta of 0.78.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its 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 30.61%. The business had revenue of $764.00 million for the quarter, compared to analyst estimates of $708.00 million. During the same period last year, the business posted $0.82 EPS. BWX Technologies's revenue was up 12.1% compared to the same quarter last year. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, analysts forecast that BWX Technologies will post 3.23 EPS for the current fiscal year.

Insider Buying and Selling at BWX Technologies

In other news, CEO Rex D. Geveden sold 25,000 shares of the company's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $179.00, for a total transaction of $4,475,000.00. Following the sale, the chief executive officer directly owned 197,594 shares in the company, valued at $35,369,326. This represents a 11.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Omar Fathi Meguid sold 2,261 shares of the company's stock in a transaction dated 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 owned 2,361 shares in the company, 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. Over the last 90 days, insiders have sold 29,953 shares of company stock worth $5,359,758. Company insiders own 0.47% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Valeo Financial Advisors LLC lifted its stake in BWX Technologies by 33,572.0% in the second quarter. Valeo Financial Advisors LLC now owns 1,517,599 shares of the technology company's stock worth $2,228,000 after acquiring an additional 1,513,092 shares during the period. Artisan Partners Limited Partnership bought a new position in shares of BWX Technologies during the second quarter valued at $183,859,000. William Blair Investment Management LLC increased its holdings in shares of BWX Technologies by 523.2% during 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 acquiring an additional 1,273,895 shares in the last quarter. Invesco Ltd. increased its holdings in shares of BWX Technologies by 139.0% during the second quarter. Invesco Ltd. now owns 1,592,380 shares of the technology company's stock valued at $229,398,000 after acquiring an additional 926,117 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of BWX Technologies during the second quarter valued at $132,498,000. 94.39% of the stock is currently owned by 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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