Traders Purchase Large Volume of BWX Technologies Call Options (NYSE:BWXT)

Key Points

• BWX Technologies saw a significant rise in options trading, with traders acquiring 4,216 call options, marking a 311% increase from the average volume.
• Analysts have set a range of price targets for BWX Technologies, with Deutsche Bank raising its target to $150 and CLSA to $177.60, while the consensus rating is a Moderate Buy.
• The stock price surged 15.9% to $179.04, bolstered by a positive earnings report showing earnings per share of $1.02, exceeding expectations.

BWX Technologies, Inc. (NYSE:BWXT - Get Free Report) was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 4,216 call options on the stock. Thisrepresentsanincreaseofapproximately311% compared to the average volume of 1,025 call options.

Analysts Set New Price Targets

Several equities research analysts have commented on BWXT shares. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $150.00 price target (up previously from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. William Blair reiterated an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. Wall Street Zen upgraded shares of BWX Technologies from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Maxim Group decreased their price objective on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, CLSA restated an "outperform" rating and set a $177.60 target price (up from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $137.94.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. LPL Financial LLC boosted its position in shares of BWX Technologies by 69.4% during the 4th quarter. LPL Financial LLC now owns 54,552 shares of the technology company's stock valued at $6,077,000 after acquiring an additional 22,340 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in BWX Technologies by 6.8% during the 4th quarter. JPMorgan Chase & Co. now owns 290,653 shares of the technology company's stock valued at $32,376,000 after purchasing an additional 18,382 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in BWX Technologies by 14.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 4,437 shares of the technology company's stock valued at $494,000 after purchasing an additional 561 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in BWX Technologies by 0.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 245,632 shares of the technology company's stock valued at $27,361,000 after purchasing an additional 1,484 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in BWX Technologies by 41.1% during the 4th quarter. Renaissance Technologies LLC now owns 187,900 shares of the technology company's stock valued at $20,930,000 after purchasing an additional 54,700 shares during the last quarter. Institutional investors own 94.39% of the company's stock.

BWX Technologies Stock Up 15.9%

BWXT stock traded up $24.53 during midday trading on Tuesday, reaching $179.04. The company had a trading volume of 2,031,285 shares, compared to its average volume of 1,102,669. The company has a market capitalization of $16.36 billion, a P/E ratio of 57.24, a PEG ratio of 3.78 and a beta of 0.73. The company has a 50 day moving average of $139.39 and a two-hundred day moving average of $117.92. The company has a current ratio of 2.02, a quick ratio of 1.91 and a debt-to-equity ratio of 1.08. BWX Technologies has a 1 year low of $84.21 and a 1 year high of $189.25.

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 for the quarter, beating analysts' consensus estimates of $0.79 by $0.23. The business had revenue of $764.00 million for the quarter, compared to the consensus estimate of $708.00 million. BWX Technologies had a net margin of 10.39% and a return on equity of 30.26%. BWX Technologies's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.82 EPS. On average, equities research analysts expect that BWX Technologies will post 3.23 earnings per share for the current fiscal year.

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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