Deutsche Bank Aktiengesellschaft Increases BWX Technologies (NYSE:BWXT) Price Target to $129.00

BWX Technologies (NYSE:BWXT) had its target price raised by equities researchers at Deutsche Bank Aktiengesellschaft from $113.00 to $129.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 9.63% from the stock’s current price.

A number of other research firms have also recently weighed in on BWXT. BTIG Research started coverage on BWX Technologies in a research note on Wednesday, June 26th. They issued a “buy” rating and a $110.00 price target on the stock. Janney Montgomery Scott began coverage on shares of BWX Technologies in a research note on Thursday, June 27th. They set a “buy” rating and a $113.00 target price for the company. StockNews.com raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Finally, Barclays cut shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and increased their price target for the company from $75.00 to $90.00 in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $104.86.

BWX Technologies Stock Performance

Shares of BWXT opened at $117.67 on Thursday. The company has a market cap of $10.76 billion, a PE ratio of 42.48, a price-to-earnings-growth ratio of 3.84 and a beta of 0.71. The firm has a 50-day moving average of $100.81 and a 200-day moving average of $96.90. BWX Technologies has a one year low of $72.42 and a one year high of $118.09. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.23 and a quick ratio of 2.23.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, August 5th. The technology company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. The business had revenue of $681.50 million during the quarter, compared to analysts’ expectations of $639.31 million. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. BWX Technologies’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the company posted $0.65 earnings per share. As a group, equities analysts forecast that BWX Technologies will post 3.2 earnings per share for the current year.

Institutional Investors Weigh In On BWX Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in BWXT. Quent Capital LLC increased its stake in BWX Technologies by 146.6% during the 1st quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock worth $26,000 after acquiring an additional 151 shares during the period. GAMMA Investing LLC raised its stake in BWX Technologies by 77.6% in the first quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock valued at $28,000 after purchasing an additional 118 shares in the last quarter. Toth Financial Advisory Corp lifted its position in BWX Technologies by 1,500.0% during the first quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock worth $33,000 after purchasing an additional 300 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in BWX Technologies during the second quarter worth about $45,000. Finally, Blue Trust Inc. increased its holdings in BWX Technologies by 37.2% in the 2nd quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock valued at $46,000 after buying an additional 121 shares during the period. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Company Profile

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.