Zacks Research Downgrades BWX Technologies (NYSE:BWXT) to Hold

BWX Technologies (NYSE:BWXT) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

BWXT has been the subject of several other reports. Weiss Ratings restated a “buy (b-)” rating on shares of BWX Technologies in a research note on Wednesday, November 19th. Northland Capmk raised shares of BWX Technologies to a “strong-buy” rating in a research report on Tuesday, September 9th. William Blair reaffirmed an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, September 17th. Bank of America boosted their price target on BWX Technologies from $220.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 price target on BWX Technologies and gave the company a “hold” rating in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.83.

BWX Technologies Stock Up 0.7%

Shares of BWXT traded up $1.30 during midday trading on Monday, reaching $176.56. 77,427 shares of the company were exchanged, compared to its average volume of 1,171,606. BWX Technologies has a 1-year low of $84.21 and a 1-year high of $218.50. The stock has a 50-day moving average price of $191.00 and a 200-day moving average price of $161.83. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28. The company has a market cap of $16.14 billion, a price-to-earnings ratio of 55.12, a P/E/G ratio of 4.24 and a beta of 0.78.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, November 3rd. The technology company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.15. The business had revenue of $866.29 million during the quarter, compared to analyst estimates of $795.48 million. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The company’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.83 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. Research analysts expect that BWX Technologies will post 3.23 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Rex D. Geveden sold 10,000 shares of BWX Technologies stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $197.90, for a total value of $1,979,000.00. Following the completion of the transaction, the chief executive officer owned 187,594 shares in the company, valued at approximately $37,124,852.60. This trade represents a 5.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.47% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BWX Technologies

Large investors have recently added to or reduced their stakes in the company. Corient Private Wealth LLC increased its stake in BWX Technologies by 1.2% during the second quarter. Corient Private Wealth LLC now owns 5,880 shares of the technology company’s stock valued at $847,000 after purchasing an additional 69 shares during the last quarter. HHM Wealth Advisors LLC grew its position in shares of BWX Technologies by 17.9% during the 2nd quarter. HHM Wealth Advisors LLC now owns 460 shares of the technology company’s stock valued at $66,000 after buying an additional 70 shares during the last quarter. JT Stratford LLC grew its position in shares of BWX Technologies by 2.5% during the 2nd quarter. JT Stratford LLC now owns 2,927 shares of the technology company’s stock valued at $422,000 after buying an additional 72 shares during the last quarter. Intrua Financial LLC raised its stake in BWX Technologies by 3.6% during the third quarter. Intrua Financial LLC now owns 2,531 shares of the technology company’s stock worth $467,000 after acquiring an additional 89 shares during the period. Finally, Parkside Financial Bank & Trust lifted its holdings in BWX Technologies by 23.8% in the third quarter. Parkside Financial Bank & Trust now owns 483 shares of the technology company’s stock worth $89,000 after acquiring an additional 93 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors.

About BWX Technologies

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.