BWX Technologies (NYSE:BWXT) Given New $230.00 Price Target at Bank of America

BWX Technologies (NYSE:BWXT) had its price objective lifted by equities researchers at Bank of America from $220.00 to $230.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Bank of America‘s price target suggests a potential upside of 21.09% from the company’s current price.

BWXT has been the subject of a number of other reports. William Blair reiterated an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, September 17th. Truist Financial boosted their target price on shares of BWX Technologies from $173.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, November 4th. Weiss Ratings raised BWX Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, November 7th. Maxim Group reissued a “hold” rating on shares of BWX Technologies in a research report on Wednesday, August 6th. Finally, BTIG Research raised their price objective on BWX Technologies from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.83.

BWX Technologies Price Performance

NYSE BWXT traded down $6.82 during trading hours on Thursday, reaching $189.95. 92,925 shares of the company’s stock were exchanged, compared to its average volume of 1,162,724. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28. The stock has a market cap of $17.37 billion, a PE ratio of 58.95, a price-to-earnings-growth ratio of 4.24 and a beta of 0.78. The firm has a fifty day moving average of $189.55 and a 200-day moving average of $157.30. BWX Technologies has a one year low of $84.21 and a one year high of $218.50.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, November 3rd. The technology company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.85 by $0.15. The company had revenue of $866.29 million during the quarter, compared to analysts’ expectations of $795.48 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The business’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. On average, equities research analysts predict that BWX Technologies will post 3.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BWX Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Fieldview Capital Management LLC purchased a new stake in shares of BWX Technologies during the third quarter valued at $909,000. Swiss National Bank raised its stake in shares of BWX Technologies by 1.5% during the 3rd quarter. Swiss National Bank now owns 177,100 shares of the technology company’s stock worth $32,652,000 after acquiring an additional 2,600 shares in the last quarter. Private Advisor Group LLC purchased a new stake in shares of BWX Technologies during the 3rd quarter valued at $503,000. PFG Advisors raised its stake in BWX Technologies by 6.4% in the third quarter. PFG Advisors now owns 36,305 shares of the technology company’s stock valued at $6,694,000 after buying an additional 2,172 shares during the last quarter. Finally, Diversify Advisory Services LLC boosted its stake in BWX Technologies by 22.7% in the 3rd quarter. Diversify Advisory Services LLC now owns 3,561 shares of the technology company’s stock worth $657,000 after purchasing an additional 658 shares in the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

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.