BTIG Research Reaffirms Buy Rating for BWX Technologies (NYSE:BWXT)

BWX Technologies (NYSE:BWXT)‘s stock had its “buy” rating restated by stock analysts at BTIG Research in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $235.00 price objective on the technology company’s stock. BTIG Research’s target price would suggest a potential upside of 72.87% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. began coverage on shares of BWX Technologies in a research report on Monday, July 27th. They issued an “overweight” rating and a $230.00 price objective for the company. Jefferies Financial Group began coverage on shares of BWX Technologies in a research note on Thursday, September 3rd. They issued a “buy” rating and a $181.00 target price on the stock. Wells Fargo & Company upgraded shares of BWX Technologies from an “underweight” rating to an “equal weight” rating and dropped their target price for the company from $200.00 to $170.00 in a research report on Thursday, August 27th. Truist Financial cut their price target on shares of BWX Technologies from $212.00 to $202.00 and set a “hold” rating for the company in a research note on Friday, August 14th. Finally, Wall Street Zen cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, BWX Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $210.00.

BWX Technologies Stock Performance

Shares of NYSE:BWXT traded up $1.08 during trading on Wednesday, hitting $135.94. 761,815 shares of the company were exchanged, compared to its average volume of 1,038,400. BWX Technologies has a 52-week low of $131.86 and a 52-week high of $241.82. The stock has a 50 day moving average of $156.20 and a 200 day moving average of $186.18. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.40 and a quick ratio of 2.33. The company has a market cap of $12.45 billion, a PE ratio of 35.22, a P/E/G ratio of 2.06 and a beta of 0.74.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, August 3rd. The technology company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. BWX Technologies had a return on equity of 30.83% and a net margin of 10.11%.The business had revenue of $901.63 million for the quarter, compared to analysts’ expectations of $902.41 million. During the same quarter in the prior year, the firm posted $1.02 EPS. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. BWX Technologies has set its FY 2026 guidance at 4.700-4.800 EPS. As a group, equities research analysts predict that BWX Technologies will post 4.75 EPS for the current year.

Insider Buying and Selling

In other BWX Technologies news, CEO Rex D. Geveden sold 10,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $172.50, for a total transaction of $1,725,000.00. Following the transaction, the chief executive officer directly owned 192,491 shares in the company, valued at $33,204,697.50. This trade represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by insiders.

Institutional Investors Weigh In On BWX Technologies

A number of hedge funds have recently made changes to their positions in the business. Cannell & Spears LLC boosted its holdings in shares of BWX Technologies by 4.0% during the first quarter. Cannell & Spears LLC now owns 1,312 shares of the technology company’s stock worth $251,000 after purchasing an additional 50 shares during the period. Private Advisor Group LLC increased its holdings in BWX Technologies by 2.4% during the 1st quarter. Private Advisor Group LLC now owns 2,847 shares of the technology company’s stock valued at $582,000 after purchasing an additional 67 shares during the period. Beck Capital Management LLC raised its position in BWX Technologies by 0.3% during the 4th quarter. Beck Capital Management LLC now owns 25,032 shares of the technology company’s stock valued at $4,327,000 after purchasing an additional 72 shares during the last quarter. Modera Wealth Management LLC lifted its holdings in BWX Technologies by 4.6% in the 1st quarter. Modera Wealth Management LLC now owns 1,757 shares of the technology company’s stock worth $359,000 after buying an additional 77 shares during the period. Finally, IFP Advisors Inc lifted its holdings in BWX Technologies by 3.3% in the 2nd quarter. IFP Advisors Inc now owns 2,442 shares of the technology company’s stock worth $475,000 after buying an additional 79 shares during the period. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Company Profile

BWX Technologies, Inc (NYSE:BWXT) is a provider of nuclear components, systems and services for government and commercial customers. The company is best known for designing and manufacturing nuclear reactors and related components for the U.S. Navy’s nuclear-powered aircraft carriers and submarines. It also supports the nuclear fuel cycle and provides engineering, manufacturing, maintenance and technical services for nuclear facilities.

BWXT serves the U.S. government, commercial nuclear power producers, research institutions and customers in the healthcare and space industries.