BWX Technologies, Inc. (NYSE:BWXT) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

Several other brokerages also recently issued reports on BWXT. Robert W. Baird started coverage on BWX Technologies in a research report on Tuesday, October 24th. They set an “outperform” rating and a $70.00 price objective for the company. ValuEngine downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Bank of America Corporation upped their target price on BWX Technologies from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th. SunTrust Banks, Inc. restated a “buy” rating and issued a $62.00 target price on shares of BWX Technologies in a research report on Monday, October 2nd. Finally, Zacks Investment Research upgraded BWX Technologies from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Thursday, August 10th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. BWX Technologies presently has an average rating of “Buy” and an average price target of $59.00.

BWX Technologies (NYSE:BWXT) opened at $60.04 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.85. The stock has a market capitalization of $6,066.60, a P/E ratio of 30.06, a PEG ratio of 2.46 and a beta of 0.47. BWX Technologies has a 52-week low of $36.16 and a 52-week high of $61.88.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, November 6th. The technology company reported $0.46 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. The business had revenue of $419.36 million during the quarter, compared to the consensus estimate of $420.39 million. BWX Technologies had a return on equity of 98.82% and a net margin of 11.89%. The business’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 earnings per share. research analysts anticipate that BWX Technologies will post 2.07 EPS for the current year.

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In other BWX Technologies news, CFO David S. Black sold 1,000 shares of the company’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $59.00, for a total value of $59,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Harbour Group L.P. Blue sold 1,992,829 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $53.20, for a total value of $106,018,502.80. The disclosure for this sale can be found here. Insiders sold 2,010,194 shares of company stock worth $106,958,540 in the last ninety days. 0.76% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio increased its holdings in shares of BWX Technologies by 12.4% in the second quarter. Public Employees Retirement System of Ohio now owns 139,138 shares of the technology company’s stock valued at $6,783,000 after buying an additional 15,367 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of BWX Technologies by 310.0% in the second quarter. Wells Fargo & Company MN now owns 3,071,474 shares of the technology company’s stock valued at $149,735,000 after buying an additional 2,322,309 shares in the last quarter. Burgundy Asset Management Ltd. increased its holdings in shares of BWX Technologies by 1.3% in the second quarter. Burgundy Asset Management Ltd. now owns 1,200,631 shares of the technology company’s stock valued at $58,531,000 after buying an additional 15,430 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of BWX Technologies by 84.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 904,130 shares of the technology company’s stock valued at $44,076,000 after buying an additional 414,994 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of BWX Technologies by 1.3% in the second quarter. Swiss National Bank now owns 149,100 shares of the technology company’s stock valued at $7,269,000 after buying an additional 1,900 shares in the last quarter. 95.93% of the stock is currently owned by institutional investors.

About BWX Technologies

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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