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 equities researchers at William Blair in a note issued to investors on Wednesday,RTT News reports.

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

BWX Technologies Stock Down 0.6%

Shares of BWXT traded down $0.84 during mid-day trading on Wednesday, reaching $140.28. The company had a trading volume of 1,366,993 shares, compared to its average volume of 877,153. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.91 and a current ratio of 2.02. The firm has a 50-day moving average price of $115.97 and a 200 day moving average price of $112.10. BWX Technologies has a 52 week low of $84.21 and a 52 week high of $145.33. The company has a market capitalization of $12.82 billion, a price-to-earnings ratio of 44.68, a price-to-earnings-growth ratio of 3.55 and a beta of 0.66.

BWX Technologies (NYSE:BWXT - Get Free Report) last released 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. The business had revenue of $682.26 million for the quarter, compared to analysts' expectations of $644.15 million. BWX Technologies had a return on equity of 30.26% and a net margin of 10.39%. The firm's quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 EPS. On average, sell-side analysts forecast that BWX Technologies will post 3.23 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Demars Financial Group LLC grew its holdings in BWX Technologies by 9,309.0% during the fourth quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company's stock worth $499,299,000 after acquiring an additional 4,434,799 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in BWX Technologies by 19.7% in the first quarter. T. Rowe Price Investment Management Inc. now owns 4,503,679 shares of the technology company's stock valued at $444,288,000 after purchasing an additional 741,282 shares during the last quarter. Westwood Holdings Group Inc. grew its holdings in BWX Technologies by 279.0% in the first quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company's stock valued at $94,562,000 after purchasing an additional 705,648 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in BWX Technologies in the fourth quarter valued at $69,730,000. Finally, Balyasny Asset Management L.P. grew its holdings in BWX Technologies by 204.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 916,323 shares of the technology company's stock valued at $102,069,000 after purchasing an additional 615,693 shares during the last quarter. Institutional investors and hedge funds 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.

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