Shares of BWX Technologies Inc (NYSE:BWXT) have been assigned a consensus rating of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $64.43.
BWXT has been the subject of a number of research analyst reports. Credit Suisse Group raised shares of BWX Technologies from a “neutral” rating to an “outperform” rating and set a $72.00 price objective for the company in a research note on Wednesday, May 27th. Maxim Group upped their price target on shares of BWX Technologies from $62.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Bank of America upgraded shares of BWX Technologies from an “underperform” rating to a “neutral” rating and set a $60.00 price target on the stock in a report on Thursday, May 7th. Zacks Investment Research downgraded BWX Technologies from a “hold” rating to a “sell” rating in a report on Friday, July 17th. Finally, TheStreet upgraded BWX Technologies from a “c+” rating to a “b-” rating in a report on Wednesday, May 13th.
Shares of NYSE BWXT opened at $54.52 on Tuesday. The firm has a market cap of $5.19 billion, a P/E ratio of 19.27, a price-to-earnings-growth ratio of 2.84 and a beta of 0.99. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.00 and a current ratio of 2.00. BWX Technologies has a 1 year low of $40.40 and a 1 year high of $70.57. The firm’s 50 day moving average price is $55.32 and its 200 day moving average price is $56.88.
In related news, CFO David S. Black sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $59.41, for a total transaction of $59,410.00. Following the transaction, the chief financial officer now directly owns 78,551 shares of the company’s stock, valued at approximately $4,666,714.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John A. Fees sold 17,242 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $61.09, for a total value of $1,053,313.78. Following the completion of the transaction, the director now owns 76,587 shares of the company’s stock, valued at approximately $4,678,699.83. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,542 shares of company stock valued at $1,370,936. 0.46% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in BWXT. Capital International Investors boosted its position in BWX Technologies by 41.8% in the 1st quarter. Capital International Investors now owns 6,164,013 shares of the technology company’s stock valued at $300,249,000 after buying an additional 1,817,970 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in BWX Technologies by 47.9% in the first quarter. Janus Henderson Group PLC now owns 2,749,621 shares of the technology company’s stock valued at $133,934,000 after purchasing an additional 890,689 shares during the last quarter. Wellington Management Group LLP grew its stake in BWX Technologies by 10.9% during the 1st quarter. Wellington Management Group LLP now owns 6,830,388 shares of the technology company’s stock valued at $332,708,000 after purchasing an additional 673,193 shares in the last quarter. William Blair Investment Management LLC grew its stake in BWX Technologies by 5.6% during the 1st quarter. William Blair Investment Management LLC now owns 7,772,185 shares of the technology company’s stock valued at $378,583,000 after purchasing an additional 414,203 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in BWX Technologies by 115.5% during the 1st quarter. Nuveen Asset Management LLC now owns 533,167 shares of the technology company’s stock worth $25,970,000 after purchasing an additional 285,809 shares during the last quarter.
BWX Technologies Company Profile
BWX Technologies, Inc manufactures and sells nuclear components to the United States government. The company operates in three segments: Nuclear Operations, Technical Services, and Nuclear Energy. The Nuclear Operations segment offers precision naval nuclear components and reactors; close-tolerance and equipment for nuclear applications; and components for defense applications, as well as critical nuclear components, fuels, and assemblies for government and other uses.
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