BWX Technologies (NYSE:BWXT) Stock Price Expected to Rise, Truist Financial Analyst Says

BWX Technologies (NYSE:BWXT) had its target price lifted by equities researchers at Truist Financial from $173.00 to $200.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the technology company’s stock. Truist Financial’s target price indicates a potential downside of 1.89% from the stock’s current price.

A number of other analysts have also recently weighed in on BWXT. Wedbush reissued an “outperform” rating on shares of BWX Technologies in a report on Wednesday, October 1st. Northland Capmk upgraded shares of BWX Technologies to a “strong-buy” rating in a research note on Tuesday, September 9th. Weiss Ratings cut shares of BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Wall Street Zen lowered BWX Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, William Blair reissued an “outperform” rating on shares of BWX Technologies in a report on Wednesday, September 17th. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $171.45.

BWX Technologies Stock Down 5.6%

BWXT traded down $12.01 during trading on Tuesday, hitting $203.86. The company had a trading volume of 851,813 shares, compared to its average volume of 1,146,228. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. BWX Technologies has a 1-year low of $84.21 and a 1-year high of $218.50. The business has a 50-day moving average of $184.84 and a 200-day moving average of $153.13. The company has a market cap of $18.63 billion, a PE ratio of 63.94, a P/E/G ratio of 4.24 and a beta of 0.78.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, November 3rd. The technology company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.15. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The firm had revenue of $866.29 million during the quarter, compared to analyst estimates of $795.48 million. During the same period in the previous year, the company earned $0.83 earnings per share. BWX Technologies’s quarterly revenue was up 28.9% on a year-over-year basis. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. As a group, analysts forecast that BWX Technologies will post 3.23 earnings per share for the current year.

Insider Buying and Selling

In other BWX Technologies news, Director Leland D. Melvin sold 600 shares of the firm’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $178.26, for a total value of $106,956.00. Following the completion of the transaction, the director directly owned 5,579 shares in the company, valued at $994,512.54. This trade represents a 9.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $177.43, for a total transaction of $371,183.56. Following the completion of the sale, the senior vice president owned 10,149 shares of the company’s stock, valued at approximately $1,800,737.07. This trade represents a 17.09% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 29,953 shares of company stock valued at $5,359,758. 0.47% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Vontobel Holding Ltd. acquired a new stake in BWX Technologies in the 1st quarter worth approximately $383,000. Concurrent Investment Advisors LLC grew its holdings in BWX Technologies by 20.6% in the 1st quarter. Concurrent Investment Advisors LLC now owns 6,381 shares of the technology company’s stock valued at $630,000 after buying an additional 1,088 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of BWX Technologies by 3.0% in the first quarter. Envestnet Asset Management Inc. now owns 252,887 shares of the technology company’s stock valued at $24,947,000 after acquiring an additional 7,255 shares during the period. Valeo Financial Advisors LLC grew its stake in shares of BWX Technologies by 14.4% in the first quarter. Valeo Financial Advisors LLC now owns 4,507 shares of the technology company’s stock worth $445,000 after acquiring an additional 568 shares during the last quarter. Finally, State of Michigan Retirement System increased its position in BWX Technologies by 0.9% during the first quarter. State of Michigan Retirement System now owns 21,900 shares of the technology company’s stock worth $2,160,000 after acquiring an additional 200 shares during the period. Institutional investors 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.