BWX Technologies (NYSE:BWXT) Given New $130.00 Price Target at Deutsche Bank Aktiengesellschaft

BWX Technologies (NYSE:BWXT) had its price target increased by equities researchers at Deutsche Bank Aktiengesellschaft from $129.00 to $130.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 10.47% from the company’s previous close.

Other analysts have also issued research reports about the company. Barclays lowered BWX Technologies from an “equal weight” rating to an “underweight” rating and increased their price objective for the company from $75.00 to $90.00 in a report on Wednesday, July 24th. Truist Financial raised their price target on BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a report on Tuesday. Finally, StockNews.com raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $110.67.

BWX Technologies Stock Up 0.6 %

BWXT stock traded up $0.73 during trading on Wednesday, reaching $117.68. 306,748 shares of the company traded hands, compared to its average volume of 619,724. The business has a 50 day simple moving average of $111.13 and a 200 day simple moving average of $100.40. BWX Technologies has a 12 month low of $74.69 and a 12 month high of $128.00. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.23 and a current ratio of 2.23. The company has a market capitalization of $10.76 billion, a price-to-earnings ratio of 38.84, a price-to-earnings-growth ratio of 4.41 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. BWX Technologies had a net margin of 10.29% and a return on equity of 31.93%. The business had revenue of $672.00 million for the quarter, compared to analysts’ expectations of $658.84 million. During the same period last year, the business earned $0.67 EPS. The company’s revenue was up 13.9% compared to the same quarter last year. On average, equities research analysts anticipate that BWX Technologies will post 3.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bessemer Group Inc. grew its position in BWX Technologies by 11,107.7% during the 1st quarter. Bessemer Group Inc. now owns 834,973 shares of the technology company’s stock worth $85,684,000 after purchasing an additional 827,523 shares during the period. Thrivent Financial for Lutherans grew its holdings in BWX Technologies by 1,121.6% during the second quarter. Thrivent Financial for Lutherans now owns 578,068 shares of the technology company’s stock worth $54,916,000 after acquiring an additional 530,749 shares during the period. Van ECK Associates Corp raised its position in BWX Technologies by 49.7% during the third quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock valued at $104,381,000 after acquiring an additional 318,598 shares in the last quarter. Sapient Capital LLC acquired a new position in BWX Technologies in the second quarter valued at approximately $29,408,000. Finally, American Century Companies Inc. boosted its position in BWX Technologies by 37.9% in the 2nd quarter. American Century Companies Inc. now owns 738,542 shares of the technology company’s stock worth $70,161,000 after purchasing an additional 203,067 shares in the last quarter. 94.39% of the stock is currently 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.