BWX Technologies (NYSE:BWXT) Raised to Buy at StockNews.com

BWX Technologies (NYSE:BWXTGet Free Report) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

Several other research firms also recently commented on BWXT. Alembic Global Advisors downgraded shares of BWX Technologies from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $79.00 to $82.00 in a research note on Friday, November 3rd. Truist Financial raised their target price on shares of BWX Technologies from $83.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, BWX Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.25.

Check Out Our Latest Analysis on BWXT

BWX Technologies Price Performance

BWXT traded down $0.25 on Monday, reaching $84.95. The company had a trading volume of 359,579 shares, compared to its average volume of 443,922. The business has a 50 day simple moving average of $79.42 and a 200 day simple moving average of $76.41. The company has a market cap of $7.77 billion, a price-to-earnings ratio of 34.81, a P/E/G ratio of 5.89 and a beta of 0.69. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.50 and a current ratio of 2.50. BWX Technologies has a 52-week low of $59.06 and a 52-week high of $86.15.

Hedge Funds Weigh In On BWX Technologies

Several large investors have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. bought a new position in shares of BWX Technologies in the 4th quarter worth approximately $25,000. Sunbelt Securities Inc. bought a new position in shares of BWX Technologies in the 1st quarter worth approximately $25,000. CWM LLC lifted its stake in shares of BWX Technologies by 62.3% in the 2nd quarter. CWM LLC now owns 490 shares of the technology company’s stock worth $35,000 after purchasing an additional 188 shares during the period. SRS Capital Advisors Inc. lifted its stake in shares of BWX Technologies by 322.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 553 shares of the technology company’s stock worth $42,000 after purchasing an additional 422 shares during the period. Finally, Fortis Group Advisors LLC bought a new position in shares of BWX Technologies in the 3rd quarter worth approximately $46,000. Hedge funds and other institutional investors own 96.98% of the company’s stock.

About BWX Technologies

(Get Free Report)

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; undertakes fabrication activities for missile launch tubes for U.S.

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Analyst Recommendations for BWX Technologies (NYSE:BWXT)

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