BWX Technologies Inc (BWXT) Receives $65.00 Consensus Target Price from Analysts

BWX Technologies Inc (NYSE:BWXT) has received a consensus recommendation of “Buy” from the eleven brokerages that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $65.00.

BWXT has been the subject of a number of analyst reports. Zacks Investment Research raised shares of BWX Technologies from a “sell” rating to a “hold” rating and set a $69.00 target price for the company in a research report on Tuesday, January 9th. SunTrust Banks reaffirmed a “buy” rating and issued a $70.00 target price on shares of BWX Technologies in a research report on Friday, January 19th. ValuEngine downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub raised shares of BWX Technologies from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 26th. Finally, Seaport Global Securities initiated coverage on shares of BWX Technologies in a research report on Wednesday, January 10th. They issued a “buy” rating and a $72.00 target price for the company.

In related news, CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $61.88, for a total value of $61,880.00. Following the completion of the transaction, the chief financial officer now owns 62,979 shares of the company’s stock, valued at $3,897,140.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders sold 3,000 shares of company stock valued at $183,790. 0.76% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of BWX Technologies by 2.1% in the 4th quarter. BlackRock Inc. now owns 5,685,315 shares of the technology company’s stock valued at $343,905,000 after acquiring an additional 119,240 shares during the period. Artisan Partners Limited Partnership grew its position in shares of BWX Technologies by 12.4% in the 3rd quarter. Artisan Partners Limited Partnership now owns 4,609,767 shares of the technology company’s stock valued at $258,239,000 after acquiring an additional 509,351 shares during the period. Brown Advisory Inc. grew its position in shares of BWX Technologies by 65.2% in the 4th quarter. Brown Advisory Inc. now owns 3,573,654 shares of the technology company’s stock valued at $216,170,000 after acquiring an additional 1,410,915 shares during the period. Wells Fargo & Company MN grew its position in shares of BWX Technologies by 3.3% in the 3rd quarter. Wells Fargo & Company MN now owns 3,171,362 shares of the technology company’s stock valued at $177,659,000 after acquiring an additional 99,888 shares during the period. Finally, State Street Corp grew its position in shares of BWX Technologies by 2.1% in the 2nd quarter. State Street Corp now owns 1,780,889 shares of the technology company’s stock valued at $86,819,000 after acquiring an additional 37,159 shares during the period. 94.54% of the stock is owned by institutional investors.

Shares of BWX Technologies (NYSE:BWXT) traded up $1.56 during trading hours on Friday, hitting $63.47. 637,731 shares of the company were exchanged, compared to its average volume of 451,207. BWX Technologies has a fifty-two week low of $41.90 and a fifty-two week high of $64.92. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $6,152.09, a price-to-earnings ratio of 32.38, a price-to-earnings-growth ratio of 2.37 and a beta of 0.50.

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BWX Technologies Company Profile

BWX Technologies, Inc is a manufacturer of nuclear components and a service provider. The Company’s businesses focus on the design, engineering and manufacture of precision naval nuclear components, reactors and nuclear fuel for the United States Government. Its segments include Nuclear Operations, Technical Services, Nuclear Energy and Other.

Analyst Recommendations for BWX Technologies (NYSE:BWXT)

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