BWX Technologies (NYSE:BWXT – Get Rating) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Saturday.
BWX Technologies Stock Performance
Shares of BWX Technologies stock opened at $50.62 on Friday. The firm has a market cap of $4.62 billion, a P/E ratio of 15.11, a P/E/G ratio of 2.48 and a beta of 0.79. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 1.96. BWX Technologies has a 12 month low of $42.58 and a 12 month high of $62.53. The stock's fifty day moving average price is $53.98 and its 200-day moving average price is $53.19.
Get BWX Technologies alerts:BWX Technologies (NYSE:BWXT – Get Rating) last announced its quarterly earnings results on Monday, August 8th. The technology company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.73 by $0.09. The firm had revenue of $554.00 million for the quarter, compared to analyst estimates of $544.13 million. BWX Technologies had a return on equity of 46.29% and a net margin of 14.27%. The business's revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 earnings per share. On average, equities research analysts expect that BWX Technologies will post 3.21 earnings per share for the current fiscal year.
Institutional Investors Weigh In On BWX Technologies
Several institutional investors have recently added to or reduced their stakes in BWXT. Millennium Management LLC boosted its holdings in BWX Technologies by 1,014.1% in the fourth quarter. Millennium Management LLC now owns 1,644,506 shares of the technology company's stock worth $78,739,000 after acquiring an additional 1,496,896 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of BWX Technologies by 3,071.3% during the first quarter. Victory Capital Management Inc. now owns 784,663 shares of the technology company's stock worth $42,216,000 after purchasing an additional 759,920 shares during the period. Hawk Ridge Capital Management LP lifted its holdings in shares of BWX Technologies by 178.4% during the first quarter. Hawk Ridge Capital Management LP now owns 796,415 shares of the technology company's stock worth $42,895,000 after purchasing an additional 510,312 shares during the period. Capital Research Global Investors lifted its holdings in shares of BWX Technologies by 25.2% during the fourth quarter. Capital Research Global Investors now owns 2,421,505 shares of the technology company's stock worth $115,942,000 after purchasing an additional 488,000 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of BWX Technologies by 151.0% during the first quarter. Invesco Ltd. now owns 737,554 shares of the technology company's stock worth $39,725,000 after purchasing an additional 443,758 shares during the period. Institutional investors and hedge funds own 99.97% of the company's stock.About BWX Technologies
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BWX Technologies, Inc manufactures and sells nuclear components in the United States, Canada, and internationally. It operates in three segments: Nuclear Operations Group, Nuclear Power Group, and Nuclear Services Group. The Nuclear Operations Group segment provides precision naval and critical nuclear components, reactors, nuclear fuel, and assemblies for the United States Department of Energy/National Nuclear Security Administration's Naval Nuclear Propulsion Program and other uses; missile launch tubes for United States Navy submarines; close-tolerance and equipment for nuclear applications; and converts Cold War-era government stockpiles of high-enriched uranium, as well as receives, stores, characterizes, dissolves, recovers, and purifies uranium-bearing materials; supplies research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications.
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