CLSA Reiterates Outperform Rating for BWX Technologies (NYSE:BWXT)

BWX Technologies (NYSE:BWXT - Get Free Report)'s stock had its "outperform" rating reiterated by stock analysts at CLSA in a note issued to investors on Tuesday, Marketbeat.com reports. They presently have a $177.60 price target on the technology company's stock, up from their previous price target of $153.00. CLSA's price target points to a potential upside of 40.26% from the stock's previous close.

BWXT has been the topic of a number of other reports. Bank of America decreased their price target on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, March 26th. Maxim Group reduced their target price on BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $129.84.

BWX Technologies Stock Up 3.5%

Shares of NYSE:BWXT opened at $126.62 on Tuesday. The company has a market cap of $11.57 billion, a price-to-earnings ratio of 41.93, a PEG ratio of 3.20 and a beta of 0.66. The firm's 50-day simple moving average is $105.81 and its 200-day simple moving average is $111.80. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies has a fifty-two week low of $84.21 and a fifty-two week high of $136.31.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.18. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The firm had revenue of $682.26 million during the quarter, compared to the consensus estimate of $644.15 million. During the same quarter last year, the firm earned $0.76 earnings per share. The firm's revenue was up 13.0% compared to the same quarter last year. As a group, equities research analysts predict that BWX Technologies will post 3.23 earnings per share for the current year.

Insider Buying and Selling at BWX Technologies

In other BWX Technologies news, SVP Robert L. Duffy sold 6,000 shares of BWX Technologies stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total transaction of $624,180.00. Following the completion of the transaction, the senior vice president now owns 3,206 shares in the company, valued at approximately $333,520.18. The trade was a 65.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.47% of the stock is owned by corporate insiders.

Institutional Trading of BWX Technologies

Several large investors have recently modified their holdings of the business. Barclays PLC lifted its stake in BWX Technologies by 59.8% in the 3rd quarter. Barclays PLC now owns 64,525 shares of the technology company's stock valued at $7,014,000 after buying an additional 24,149 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of BWX Technologies by 3.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 13,634 shares of the technology company's stock worth $1,519,000 after acquiring an additional 498 shares during the last quarter. Blue Trust Inc. lifted its position in shares of BWX Technologies by 28.5% in the fourth quarter. Blue Trust Inc. now owns 1,045 shares of the technology company's stock valued at $114,000 after acquiring an additional 232 shares in the last quarter. KBC Group NV boosted its stake in shares of BWX Technologies by 44.9% during the fourth quarter. KBC Group NV now owns 3,661 shares of the technology company's stock valued at $408,000 after acquiring an additional 1,135 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in BWX Technologies during the 4th quarter worth about $68,000. 94.39% of the stock is currently owned by institutional investors and hedge funds.

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.