Barclays Downgrades BWX Technologies (NYSE:BWXT) to Underweight

BWX Technologies (NYSE:BWXT) was downgraded by equities researchers at Barclays from an “equal weight” rating to an “underweight” rating in a report issued on Wednesday, Marketbeat.com reports. They currently have a $90.00 price objective on the technology company’s stock, up from their prior price objective of $75.00. Barclays‘s price objective would suggest a potential downside of 8.85% from the company’s current price.

Other research analysts have also issued reports about the company. BTIG Research assumed coverage on BWX Technologies in a report on Wednesday, June 26th. They issued a “buy” rating and a $110.00 price objective on the stock. Bank of America increased their price objective on BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Janney Montgomery Scott assumed coverage on BWX Technologies in a report on Thursday, June 27th. They issued a “buy” rating and a $113.00 price objective on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on BWX Technologies from $110.00 to $107.00 and set a “buy” rating on the stock in a report on Monday, June 10th. Finally, CLSA assumed coverage on BWX Technologies in a report on Monday, June 3rd. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, BWX Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $98.00.

BWX Technologies Trading Down 1.3 %

Shares of NYSE:BWXT opened at $98.74 on Wednesday. The business’s 50-day moving average is $93.45 and its 200 day moving average is $92.48. BWX Technologies has a 1 year low of $67.91 and a 1 year high of $107.18. The firm has a market capitalization of $9.03 billion, a P/E ratio of 35.65, a P/E/G ratio of 3.91 and a beta of 0.69. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.24 and a quick ratio of 2.24.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.09. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. The company had revenue of $603.97 million for the quarter, compared to analyst estimates of $599.92 million. During the same period in the prior year, the company posted $0.70 EPS. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, research analysts predict that BWX Technologies will post 3.19 earnings per share for the current fiscal year.

Institutional Trading of BWX Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC boosted its position in BWX Technologies by 11.7% during the fourth quarter. SG Americas Securities LLC now owns 7,772 shares of the technology company’s stock worth $596,000 after purchasing an additional 814 shares in the last quarter. Raymond James & Associates boosted its position in BWX Technologies by 4.2% during the fourth quarter. Raymond James & Associates now owns 368,827 shares of the technology company’s stock worth $28,300,000 after purchasing an additional 14,973 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in BWX Technologies by 38.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 21,293 shares of the technology company’s stock worth $1,634,000 after purchasing an additional 5,879 shares in the last quarter. Pacer Advisors Inc. boosted its position in BWX Technologies by 118.1% during the fourth quarter. Pacer Advisors Inc. now owns 16,798 shares of the technology company’s stock worth $1,289,000 after purchasing an additional 9,095 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its position in BWX Technologies by 11.0% during the fourth quarter. Venturi Wealth Management LLC now owns 5,830 shares of the technology company’s stock worth $447,000 after purchasing an additional 580 shares in the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

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.