BWX Technologies (NYSE:BWXT) Given New $110.00 Price Target at Deutsche Bank Aktiengesellschaft

BWX Technologies (NYSE:BWXT) had its target price dropped by equities research analysts at Deutsche Bank Aktiengesellschaft from $111.00 to $110.00 in a report released on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 24.89% from the stock’s current price.

BWXT has been the topic of a number of other research reports. Truist Financial restated a “hold” rating and set a $95.00 target price (down previously from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. StockNews.com downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Finally, Bank of America upped their target price on shares of BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, BWX Technologies has a consensus rating of “Moderate Buy” and an average target price of $92.43.

BWX Technologies Stock Up 1.2 %

BWXT opened at $88.08 on Tuesday. BWX Technologies has a 1-year low of $60.17 and a 1-year high of $107.18. The firm’s 50 day simple moving average is $98.52 and its two-hundred day simple moving average is $86.33. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 1.29. The company 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.

BWX Technologies (NYSE:BWXT) last released its earnings results 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 company had revenue of $603.97 million for the quarter, compared to the consensus estimate of $599.92 million. BWX Technologies had a return on equity of 32.38% and a net margin of 9.85%. BWX Technologies’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 earnings per share. As a group, equities analysts forecast that BWX Technologies will post 3.14 EPS for the current year.

Institutional Investors Weigh In On BWX Technologies

Hedge funds have recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of BWX Technologies during the 4th quarter worth approximately $25,000. Quent Capital LLC raised its stake in BWX Technologies by 147.6% during the first quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock valued at $26,000 after purchasing an additional 152 shares in the last quarter. GAMMA Investing LLC lifted its position in BWX Technologies by 77.6% during the first quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock valued at $28,000 after purchasing an additional 118 shares during the last quarter. Toth Financial Advisory Corp increased its holdings in shares of BWX Technologies by 1,500.0% in the 1st quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock worth $33,000 after buying an additional 300 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its position in shares of BWX Technologies by 322.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 553 shares of the technology company’s stock valued at $42,000 after buying an additional 422 shares in the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

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.