BWX Technologies (NYSE:BWXT) Lowered to “Hold” Rating by Maxim Group

BWX Technologies (NYSE:BWXT) was downgraded by equities researchers at Maxim Group from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday, MarketBeat Ratings reports.

Other equities analysts also recently issued reports about the stock. William Blair reaffirmed an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, June 18th. Wall Street Zen upgraded BWX Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th. CLSA reaffirmed an “outperform” rating and set a $177.60 price target (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Truist Financial set a $145.00 price target on BWX Technologies and gave the company a “hold” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $150.00 price objective (up previously from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, BWX Technologies has an average rating of “Moderate Buy” and a consensus target price of $142.37.

BWX Technologies Stock Up 0.3%

NYSE:BWXT traded up $0.49 on Wednesday, hitting $180.02. 132,450 shares of the company’s stock traded hands, compared to its average volume of 1,120,151. The company has a market cap of $16.45 billion, a PE ratio of 56.31, a price-to-earnings-growth ratio of 4.34 and a beta of 0.73. BWX Technologies has a 1 year low of $84.21 and a 1 year high of $189.25. The company has a current ratio of 1.69, a quick ratio of 1.91 and a debt-to-equity ratio of 1.28. The firm has a 50-day moving average price of $142.70 and a 200-day moving average price of $119.17.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, August 4th. The technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.23. The firm 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 10.28% and a return on equity of 30.61%. The firm’s revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.82 earnings per share. Equities analysts anticipate that BWX Technologies will post 3.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BWXT. Intrua Financial LLC grew its position in shares of 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 purchasing an additional 99 shares during the last quarter. Utah Retirement Systems grew its holdings in BWX Technologies by 2.1% in the 4th quarter. Utah Retirement Systems now owns 4,900 shares of the technology company’s stock valued at $546,000 after buying an additional 100 shares during the last quarter. HHM Wealth Advisors LLC increased its position in BWX Technologies by 34.5% in the 1st quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company’s stock worth $38,000 after buying an additional 100 shares during the period. Oakworth Capital Inc. increased its position in BWX Technologies by 10.0% in the 2nd quarter. Oakworth Capital Inc. now owns 1,105 shares of the technology company’s stock worth $159,000 after buying an additional 100 shares during the period. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of BWX Technologies by 0.4% during the second quarter. Louisiana State Employees Retirement System now owns 25,700 shares of the technology company’s stock worth $3,702,000 after buying an additional 100 shares during the last quarter. Institutional investors own 94.39% of the company’s stock.

About BWX Technologies

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.