BWX Technologies (NYSE:BWXT) Lifted to Buy at StockNews.com

BWX Technologies (NYSE:BWXT - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a report released on Wednesday.

A number of other brokerages have also recently issued reports on BWXT. Truist Financial restated a "hold" rating and issued a $95.00 price objective (down from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. Bank of America upped their price target on shares of BWX Technologies from $82.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, March 28th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of BWX Technologies from $111.00 to $110.00 and set a "buy" rating for the company in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, BWX Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $92.43.

BWX Technologies Stock Performance

Shares of BWX Technologies stock traded up $1.03 on Wednesday, reaching $88.08. 933,435 shares of the company traded hands, compared to its average volume of 623,638. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.18 and a quick ratio of 2.18. The firm has a market capitalization of $8.05 billion, a PE ratio of 32.74, a PEG ratio of 3.10 and a beta of 0.75. The company has a 50 day moving average of $98.52 and a 200 day moving average of $86.33. BWX Technologies has a 52 week low of $60.17 and a 52 week high of $107.18.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings data on Monday, May 6th. The technology company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.09. The business had revenue of $603.97 million during the quarter, compared to analyst estimates of $599.92 million. BWX Technologies had a return on equity of 32.38% and a net margin of 9.85%. BWX Technologies's revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.70 earnings per share. Equities analysts forecast that BWX Technologies will post 3.14 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of BWX Technologies by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 8,677,218 shares of the technology company's stock valued at $665,803,000 after acquiring an additional 65,137 shares in the last quarter. Invesco Ltd. lifted its position in BWX Technologies by 16.6% during the third quarter. Invesco Ltd. now owns 2,027,376 shares of the technology company's stock valued at $152,013,000 after purchasing an additional 288,287 shares during the last quarter. FMR LLC lifted its position in BWX Technologies by 1.8% during the third quarter. FMR LLC now owns 1,884,236 shares of the technology company's stock valued at $141,280,000 after purchasing an additional 32,664 shares during the last quarter. Clearbridge Investments LLC grew its stake in BWX Technologies by 0.7% in the 4th quarter. Clearbridge Investments LLC now owns 1,357,980 shares of the technology company's stock worth $104,198,000 after buying an additional 10,068 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of BWX Technologies by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,048,456 shares of the technology company's stock worth $80,448,000 after buying an additional 7,782 shares during the last quarter. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.