SunTrust Banks restated their buy rating on shares of BWX Technologies (NYSE:BWXT) in a report released on Friday. SunTrust Banks currently has a $70.00 target price on the technology company’s stock.

Several other brokerages have also recently commented on BWXT. Wells Fargo & Co began coverage on shares of BWX Technologies in a research report on Monday, December 11th. They issued a market perform rating and a $65.00 price target for the company. ValuEngine cut shares of BWX Technologies from a buy rating to a hold rating in a research report on Friday, December 1st. Seaport Global Securities began coverage on shares of BWX Technologies in a research report on Wednesday, January 10th. They issued a buy rating and a $72.00 price target for the company. Zacks Investment Research raised shares of BWX Technologies from a sell rating to a hold rating and set a $69.00 price target for the company in a research report on Tuesday, January 9th. Finally, BidaskClub raised shares of BWX Technologies from a buy rating to a strong-buy rating in a research report on Thursday, October 26th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $65.50.

BWX Technologies (BWXT) opened at $63.96 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.59. BWX Technologies has a 1 year low of $41.08 and a 1 year high of $64.39. The firm has a market cap of $6,357.86, a P/E ratio of 32.63, a P/E/G ratio of 2.44 and a beta of 0.47.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, November 6th. The technology company reported $0.46 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. BWX Technologies had a net margin of 11.89% and a return on equity of 88.05%. The company had revenue of $419.36 million during the quarter, compared to analysts’ expectations of $420.39 million. During the same quarter last year, the company posted $0.39 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year. analysts expect that BWX Technologies will post 2.06 earnings per share for the current fiscal year.

In other news, CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $59.93, for a total value of $59,930.00. Following the sale, the chief financial officer now directly owns 63,979 shares in the company, valued at approximately $3,834,261.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman John A. Fees sold 21,453 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $60.21, for a total transaction of $1,291,685.13. Following the completion of the sale, the chairman now owns 87,919 shares in the company, valued at $5,293,602.99. The disclosure for this sale can be found here. Insiders sold a total of 24,453 shares of company stock worth $1,475,045 over the last 90 days. Company insiders own 0.76% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in BWXT. Legal & General Group Plc raised its holdings in shares of BWX Technologies by 7.0% in the 2nd quarter. Legal & General Group Plc now owns 37,229 shares of the technology company’s stock valued at $1,815,000 after purchasing an additional 2,435 shares in the last quarter. Federated Investors Inc. PA acquired a new stake in shares of BWX Technologies in the 2nd quarter valued at $151,000. Principal Financial Group Inc. raised its holdings in shares of BWX Technologies by 4.7% in the 2nd quarter. Principal Financial Group Inc. now owns 19,462 shares of the technology company’s stock valued at $949,000 after purchasing an additional 867 shares in the last quarter. Teachers Advisors LLC raised its holdings in shares of BWX Technologies by 0.4% in the 2nd quarter. Teachers Advisors LLC now owns 405,817 shares of the technology company’s stock valued at $19,784,000 after purchasing an additional 1,440 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of BWX Technologies by 53.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 275,264 shares of the technology company’s stock valued at $13,402,000 after purchasing an additional 95,741 shares in the last quarter. Institutional investors and hedge funds own 95.50% of the company’s stock.

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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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