BWX Technologies (NYSE:BWXT) Given “Buy” Rating at Guggenheim

BWX Technologies (NYSE:BWXT)‘s stock had its “buy” rating restated by equities researchers at Guggenheim in a research report issued on Wednesday, Benzinga reports. They currently have a $192.00 price target on the technology company’s stock. Guggenheim’s price objective would indicate a potential upside of 41.03% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Jefferies Financial Group started coverage on shares of BWX Technologies in a report on Thursday, September 3rd. They issued a “buy” rating and a $181.00 price objective for the company. Truist Financial cut their target price on shares of BWX Technologies from $212.00 to $202.00 and set a “hold” rating for the company in a research note on Friday, August 14th. BTIG Research reissued a “buy” rating and set a $235.00 target price on shares of BWX Technologies in a research note on Wednesday, September 30th. Seaport Research Partners raised shares of BWX Technologies from a “neutral” rating to a “buy” rating and set a $245.00 target price for the company in a research note on Monday, June 22nd. Finally, JPMorgan Chase & Co. started coverage on shares of BWX Technologies in a research note on Monday, July 27th. They set an “overweight” rating and a $230.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $210.00.

BWX Technologies Stock Performance

BWXT traded up $1.28 on Wednesday, reaching $136.14. The stock had a trading volume of 780,359 shares, compared to its average volume of 1,038,711. BWX Technologies has a 12-month low of $131.86 and a 12-month high of $241.82. The company has a current ratio of 2.40, a quick ratio of 2.33 and a debt-to-equity ratio of 1.51. The business’s 50-day moving average price is $156.20 and its two-hundred day moving average price is $186.18. The company has a market cap of $12.47 billion, a P/E ratio of 35.29, a price-to-earnings-growth ratio of 2.06 and a beta of 0.74.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings data on Monday, August 3rd. The technology company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. BWX Technologies had a net margin of 10.11% and a return on equity of 30.83%. The company had revenue of $901.63 million during the quarter, compared to analysts’ expectations of $902.41 million. During the same quarter in the previous year, the company earned $1.02 earnings per share. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. BWX Technologies has set its FY 2026 guidance at 4.700-4.800 EPS. Sell-side analysts forecast that BWX Technologies will post 4.75 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Rex D. Geveden sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $172.50, for a total transaction of $1,725,000.00. Following the sale, the chief executive officer directly owned 192,491 shares of the company’s stock, valued at $33,204,697.50. This represents a 4.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BWX Technologies

Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in shares of BWX Technologies in the 2nd quarter valued at approximately $2,359,895,000. Franklin Resources Inc. increased its position in shares of BWX Technologies by 2.4% in the 4th quarter. Franklin Resources Inc. now owns 2,258,282 shares of the technology company’s stock valued at $390,321,000 after purchasing an additional 53,594 shares during the last quarter. First Trust Advisors LP increased its position in shares of BWX Technologies by 12.2% in the 1st quarter. First Trust Advisors LP now owns 1,391,079 shares of the technology company’s stock valued at $284,462,000 after purchasing an additional 151,580 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of BWX Technologies by 8.4% in the 1st quarter. Bank of New York Mellon Corp now owns 1,283,997 shares of the technology company’s stock valued at $262,565,000 after purchasing an additional 99,053 shares during the last quarter. Finally, Blair William & Co. IL increased its position in shares of BWX Technologies by 20.9% in the 4th quarter. Blair William & Co. IL now owns 1,439,666 shares of the technology company’s stock valued at $248,832,000 after purchasing an additional 248,598 shares during the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

BWX Technologies Company Profile

BWX Technologies, Inc (NYSE:BWXT) is a provider of nuclear components, systems and services for government and commercial customers. The company is best known for designing and manufacturing nuclear reactors and related components for the U.S. Navy’s nuclear-powered aircraft carriers and submarines. It also supports the nuclear fuel cycle and provides engineering, manufacturing, maintenance and technical services for nuclear facilities.

BWXT serves the U.S. government, commercial nuclear power producers, research institutions and customers in the healthcare and space industries.