Bank of America Cuts BWX Technologies (NYSE:BWXT) Price Target to $135.00

BWX Technologies (NYSE:BWXT) had its target price reduced by research analysts at Bank of America from $160.00 to $135.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Bank of America‘s price objective points to a potential upside of 28.76% from the company’s current price.

A number of other brokerages have also weighed in on BWXT. Barclays lifted their target price on BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research report on Monday, December 16th. Maxim Group lifted their price objective on BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, Truist Financial increased their target price on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, BWX Technologies has an average rating of “Moderate Buy” and an average price target of $124.38.

BWX Technologies Trading Up 0.7 %

NYSE BWXT opened at $104.85 on Wednesday. BWX Technologies has a 12 month low of $86.70 and a 12 month high of $136.31. The company’s 50-day moving average price is $108.44 and its 200-day moving average price is $114.43. The stock has a market cap of $9.58 billion, a PE ratio of 34.72, a PEG ratio of 3.20 and a beta of 0.69. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.12. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The business had revenue of $746.27 million for the quarter, compared to the consensus estimate of $653.16 million. Equities research analysts forecast that BWX Technologies will post 3.23 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Robert L. Duffy sold 6,000 shares of BWX Technologies stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total value of $624,180.00. Following the transaction, the senior vice president now owns 3,206 shares of the company’s stock, valued at $333,520.18. The trade was a 65.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rex D. Geveden sold 45,625 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $107.40, for a total transaction of $4,900,125.00. Following the transaction, the chief executive officer now owns 218,218 shares of the company’s stock, valued at approximately $23,436,613.20. This trade represents a 17.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is owned by corporate insiders.

Institutional Trading of BWX Technologies

Institutional investors have recently made changes to their positions in the business. Stone House Investment Management LLC raised its stake in BWX Technologies by 76.2% in the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock valued at $25,000 after buying an additional 99 shares during the last quarter. Retirement Wealth Solutions LLC acquired a new position in shares of BWX Technologies during the fourth quarter valued at about $30,000. Quarry LP raised its position in shares of BWX Technologies by 93.6% in the 3rd quarter. Quarry LP now owns 271 shares of the technology company’s stock valued at $29,000 after purchasing an additional 131 shares during the last quarter. HHM Wealth Advisors LLC boosted its stake in BWX Technologies by 45.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company’s stock worth $32,000 after purchasing an additional 90 shares in the last quarter. Finally, Ameriflex Group Inc. purchased a new stake in BWX Technologies during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds 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.