Equity analysts working for StockNews.com took a position on coverage of shares of BWX Technologies in a research report made available to clients and investors on Thursday.
The report was made available to clients and investors online.
The technology company’s stock is assigned a rating of “Hold” by the organization that manages investments.
On Thursday, February 23, BWX Technologies (NYSE: BXT) released its most recent quarterly earnings report.
The technology company reported a profit of $0.93 for the previous quarter, which was $0.02 less than the consensus estimate of $0.95 for the previous period.
The actual revenue for the quarter came in at $624.20 million, which was less than the $641.18 million that market analysts had predicted would be generated during the period.
The high net margin of 10.67% and return on equity of 40.65% that BWX Technologies achieved are evidence of the company’s successful performance.
The results of the company’s most recent quarter showed a 5.4% increase in sales compared to the same quarter’s results from the year before.
The previous year’s results were compared to those of the current year, and it was determined that the company earned $0.95 for each share.
BWX Technologies is expected to generate earnings of $2.93 per share during the current fiscal year, according to the projections of market analysts.
BWX Technologies’ stock began trading for the first time on Thursday, and it did so for $61.73 per share. While the current ratio, the quick ratio, and the debt-to-equity ratio all come in at 2.10, the debt-to-equity ratio currently stands at 1.71.
The price-to-earnings ratio for this company is 23.74; the price-to-earnings-growth ratio for this company is 4.45; and the beta value for this company is 0.79.
The company’s total value, as represented by its market capitalization, is $5.63 billion.
During the past year, BWX Technologies experienced a record low of $45.78 and a record high of $64.62 in the stock price.
The company’s moving average price over the previous 50 days is $59.92, and the moving average price over the previous 200 days is $57.44.
On BWXT, the research results that various companies carried out have also been made available to the general public.
In a research report released on November 29, Maxim Group upgraded BWX Technologies from a “hold” rating to a “buy” rating and raised their price target on the stock from $65.00 to $70.00.
Additionally, they increased their price target on the stock from $65.00 to $70.00.
Barclays changed their rating on the price target they had set for the shares of BWX Technologies from “underweight” to “equal weight” in a research note released on Thursday, December 8. Credit Suisse Group changed their rating on the shares of BWX Technologies from “underperform” to “outperform” in a research note published on February 24.
This was the most recent and significant upgrade.
Three separate financial analysts have given the company a recommendation to purchase its stock, while only two have recommended that investors hold on to their shares.
The information from Bloomberg indicates that the company is currently rated as having an average “Moderate buy” recommendation and a price objective of $66.50.
As a result of recent occurrences, institutional investors and hedge funds have adjusted the proportion of their holdings in the company, they have invested in. JPMorgan Chase & Co increased the amount of BWX Technologies stock owned by 23.7% during the year’s first quarter. JPMorgan Chase & Co’s technology business currently has 170,652 shares of the company’s stock, thanks to the acquisition of an additional 32,688 shares over the quarter.
There is a value of $9,191,000 attached to these shares. Raymond James Financial Services Advisors INC acquired a new interest in BWX Technologies during the first three months of 2018, the value of which was close to $207,000.
American Century Companies INC increased the amount of BWX Technologies stock owned by 14.8% during the first three months of 2018.
American Century Companies INC now has a total of 14,741 shares of stock in the technology business due to the purchase of an additional 1,902 shares during the period in question.
These shares have a combined value of $794,000.
During the first three months of 2018, HighTower Advisors LLC added another approximately 209,000 dollars to its position in BWX Technologies.
Last but not least, during the first quarter, MetLife Investment Management LLC completed the purchase of a new interest in BWX Technologies with an approximate value of $266,000.
Institutional investors hold most of the company’s shares, 99.33%.
The corporation known as BWX Technologies, INC functions as a provider and supplier of nuclear parts and products.
The company can be broken down into two distinct operating segments: commercial activities and government operations.
In addition to constructing naval nuclear reactors for the United States Navy’s nuclear propulsion program, the Government Operations division is responsible for producing nuclear fuel for submarines and aircraft carriers.
This division is also in charge of the nuclear propulsion program.