BWX Technologies (NYSE:BWXT) Upgraded by Zacks Investment Research to Buy

Zacks Investment Research upgraded shares of BWX Technologies (NYSE:BWXT) from a hold rating to a buy rating in a report published on Thursday morning, Zacks.com reports. Zacks Investment Research currently has $68.00 target price on the technology company’s stock.

According to Zacks, “BWX Technologies, Inc. supplies precision manufactured components and services to the commercial nuclear power industry. The company offers technical, management and site services to governments in complex facilities and environmental remediation activities. It operates primarily in Lynchburg, Va., Ohio and Cambridge, Ontario. BWX Technologies, Inc., formerly known as Babcock & Wilcox Company, is headquartered in Lynchburg, Va. “

Several other brokerages also recently weighed in on BWXT. ValuEngine downgraded BWX Technologies from a buy rating to a hold rating in a report on Thursday, October 10th. Barclays set a $55.00 price target on BWX Technologies and gave the company a sell rating in a report on Tuesday, October 8th. SunTrust Banks set a $55.00 price target on BWX Technologies and gave the company a hold rating in a report on Wednesday, August 7th. Seaport Global Securities set a $62.00 price target on BWX Technologies and gave the company a buy rating in a report on Wednesday, August 7th. Finally, Maxim Group restated a buy rating and set a $71.00 price target on shares of BWX Technologies in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $59.71.

Shares of NYSE:BWXT traded up $0.80 on Thursday, hitting $61.01. 390,943 shares of the company traded hands, compared to its average volume of 527,980. BWX Technologies has a 52 week low of $35.91 and a 52 week high of $62.94. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 2.40. The stock has a 50 day simple moving average of $57.35 and a 200-day simple moving average of $53.85. The company has a market cap of $5.74 billion, a PE ratio of 25.53, a PEG ratio of 2.68 and a beta of 1.04.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.14. BWX Technologies had a return on equity of 90.98% and a net margin of 10.93%. The firm had revenue of $506.00 million during the quarter, compared to the consensus estimate of $486.02 million. During the same period last year, the company earned $0.40 earnings per share. The company’s revenue was up 18.8% on a year-over-year basis. As a group, sell-side analysts anticipate that BWX Technologies will post 2.55 earnings per share for the current year.

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In related news, CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $54.73, for a total value of $54,730.00. Following the completion of the sale, the chief financial officer now directly owns 75,161 shares in the company, valued at approximately $4,113,561.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.44% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisors Preferred LLC purchased a new position in BWX Technologies in the second quarter worth about $30,000. NumerixS Investment Technologies Inc purchased a new position in BWX Technologies in the second quarter worth about $31,000. Private Ocean LLC purchased a new position in BWX Technologies in the third quarter worth about $43,000. Selective Wealth Management Inc. purchased a new position in BWX Technologies in the third quarter worth about $57,000. Finally, Huntington National Bank boosted its position in BWX Technologies by 50.3% in the second quarter. Huntington National Bank now owns 1,127 shares of the technology company’s stock worth $59,000 after purchasing an additional 377 shares during the last quarter.

About BWX Technologies

BWX Technologies, Inc manufactures and sells nuclear components to the United States government. The company operates in three segments: Nuclear Operations, Technical Services, and Nuclear Energy. The Nuclear Operations segment offers precision naval nuclear components and reactors; close-tolerance and equipment for nuclear applications; and components for defense applications, as well as critical nuclear components, fuels, and assemblies for government and other uses.

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Analyst Recommendations for BWX Technologies (NYSE:BWXT)

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