BWX Technologies (BWXT) Price Target Cut to $46.00

BWX Technologies (NYSE:BWXT) had its price objective decreased by analysts at Credit Suisse Group from $60.00 to $46.00 in a research report issued to clients and investors on Thursday, The Fly reports. The firm presently has a “neutral” rating on the technology company’s stock. Credit Suisse Group’s price target indicates a potential downside of 2.73% from the company’s previous close.

A number of other research firms also recently commented on BWXT. SunTrust Banks decreased their target price on BWX Technologies from $83.00 to $79.00 and set a “buy” rating for the company in a report on Tuesday, August 21st. Zacks Investment Research downgraded BWX Technologies from a “buy” rating to a “hold” rating in a report on Monday, July 16th. ValuEngine downgraded BWX Technologies from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Bank of America decreased their target price on BWX Technologies from $70.00 to $58.00 and set a “neutral” rating for the company in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $62.38.

Shares of NYSE BWXT opened at $47.29 on Thursday. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.90 and a quick ratio of 2.88. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 1.84 and a beta of 0.58. BWX Technologies has a fifty-two week low of $44.50 and a fifty-two week high of $72.18.

BWX Technologies (NYSE:BWXT) last released its earnings results on Tuesday, November 6th. The technology company reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.22). BWX Technologies had a return on equity of 66.38% and a net margin of 10.81%. The firm had revenue of $425.50 million for the quarter, compared to analyst estimates of $461.26 million. During the same period last year, the firm earned $0.46 EPS. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, equities analysts anticipate that BWX Technologies will post 2.23 earnings per share for the current year.

In related news, CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction that occurred on Thursday, October 11th. The stock was sold at an average price of $57.65, for a total transaction of $57,650.00. Following the completion of the transaction, the chief financial officer now directly owns 68,570 shares in the company, valued at $3,953,060.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jason S. Kerr sold 1,365 shares of BWX Technologies stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $64.06, for a total value of $87,441.90. Following the transaction, the vice president now owns 9,132 shares of the company’s stock, valued at $584,995.92. The disclosure for this sale can be found here. Insiders have sold 4,365 shares of company stock valued at $269,062 in the last ninety days. Corporate insiders own 0.76% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP purchased a new position in BWX Technologies during the second quarter valued at approximately $4,090,000. Oakbrook Investments LLC purchased a new position in BWX Technologies during the third quarter valued at approximately $383,000. HPM Partners LLC raised its position in BWX Technologies by 104.4% during the second quarter. HPM Partners LLC now owns 26,853 shares of the technology company’s stock valued at $1,673,000 after acquiring an additional 13,715 shares in the last quarter. Verition Fund Management LLC purchased a new position in BWX Technologies during the second quarter valued at approximately $859,000. Finally, Northern Trust Corp raised its position in BWX Technologies by 6.6% during the second quarter. Northern Trust Corp now owns 511,543 shares of the technology company’s stock valued at $31,879,000 after acquiring an additional 31,894 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

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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