BWX Technologies (NYSE:BWXT) Downgraded by Wall Street Zen to “Hold”

BWX Technologies (NYSE:BWXT) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other research firms have also commented on BWXT. CLSA reissued 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. Bank of America dropped their price target 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. Seaport Res Ptn upgraded BWX Technologies to a “strong-buy” rating in a research note on Tuesday, April 1st. William Blair reaffirmed an “outperform” rating on shares of BWX Technologies in a research report on Wednesday. Finally, Maxim Group dropped their target price on BWX Technologies from $140.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $129.84.

BWX Technologies Stock Performance

BWX Technologies stock opened at $142.29 on Friday. BWX Technologies has a fifty-two week low of $84.21 and a fifty-two week high of $145.33. The stock’s 50 day simple moving average is $117.53 and its two-hundred day simple moving average is $112.27. 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 stock has a market cap of $13.00 billion, a price-to-earnings ratio of 45.32, a PEG ratio of 3.53 and a beta of 0.66.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.18. The company had revenue of $682.26 million during 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 revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 EPS. As a group, analysts expect that BWX Technologies will post 3.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BWX Technologies

Several large investors have recently bought and sold shares of the business. New York State Teachers Retirement System lifted its stake in BWX Technologies by 38.6% during the 4th quarter. New York State Teachers Retirement System now owns 20,100 shares of the technology company’s stock valued at $2,239,000 after acquiring an additional 5,600 shares during the period. Principal Securities Inc. raised its holdings in shares of BWX Technologies by 40.4% during the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company’s stock valued at $35,000 after purchasing an additional 91 shares during the last quarter. CIBC Asset Management Inc lifted its position in BWX Technologies by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 2,807 shares of the technology company’s stock valued at $313,000 after purchasing an additional 140 shares during the period. Truist Financial Corp boosted its holdings in BWX Technologies by 13.7% in the fourth quarter. Truist Financial Corp now owns 10,674 shares of the technology company’s stock worth $1,189,000 after purchasing an additional 1,289 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new stake in BWX Technologies in the fourth quarter worth approximately $1,039,000. 94.39% of the stock is currently owned by 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.