William Blair Reiterates "Outperform" Rating for BWX Technologies (NYSE:BWXT)

BWX Technologies (NYSE:BWXT - Get Free Report)'s stock had its "outperform" rating reissued by analysts at William Blair in a research report issued to clients and investors on Wednesday,RTT News reports.

A number of other equities research analysts have also weighed in on the company. CLSA restated an "outperform" rating and set a $177.60 price objective (up previously from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Maxim Group lowered their price target on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Bank of America lowered their target price on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, March 26th. Finally, Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, BWX Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $129.84.

BWX Technologies Trading Up 1.3%

Shares of NYSE:BWXT traded up $1.76 during midday trading on Wednesday, reaching $142.29. The company's stock had a trading volume of 3,523,431 shares, compared to its average volume of 888,919. The firm has a market cap of $13.00 billion, a price-to-earnings ratio of 45.32, a price-to-earnings-growth ratio of 3.53 and a beta of 0.66. The business has a 50 day moving average price of $117.53 and a 200 day moving average price of $112.27. BWX Technologies has a 1 year low of $84.21 and a 1 year high of $145.33. The company has a quick ratio of 1.91, a current ratio of 2.02 and a debt-to-equity ratio of 1.08.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.18. BWX Technologies had a net margin of 10.39% and a return on equity of 30.26%. The company had revenue of $682.26 million during the quarter, compared to analysts' expectations of $644.15 million. During the same period in the previous year, the company earned $0.76 EPS. The business's quarterly revenue was up 13.0% compared to the same quarter last year. Research analysts forecast that BWX Technologies will post 3.23 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Compass Financial Services Inc bought a new position in shares of BWX Technologies during the 1st quarter valued at about $33,000. Inspire Investing LLC raised its holdings in BWX Technologies by 3.7% during the 1st quarter. Inspire Investing LLC now owns 21,900 shares of the technology company's stock worth $2,160,000 after buying an additional 788 shares during the period. Strs Ohio acquired a new stake in BWX Technologies during the 1st quarter worth approximately $3,068,000. Intrua Financial LLC lifted its stake in BWX Technologies by 3.9% in the first quarter. Intrua Financial LLC now owns 2,625 shares of the technology company's stock valued at $259,000 after buying an additional 99 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of BWX Technologies by 33.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,517 shares of the technology company's stock valued at $150,000 after buying an additional 382 shares during the period. 94.39% of the stock is currently owned by institutional investors and hedge funds.

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.