BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by NBC Securities Inc.

NBC Securities Inc. decreased its position in BWX Technologies, Inc. (NYSE:BWXT) by 37.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,598 shares of the technology company’s stock after selling 965 shares during the quarter. NBC Securities Inc.’s holdings in BWX Technologies were worth $163,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BWXT. Frontier Capital Management Co. LLC increased its stake in BWX Technologies by 28.8% during the fourth quarter. Frontier Capital Management Co. LLC now owns 967,317 shares of the technology company’s stock valued at $74,222,000 after purchasing an additional 216,525 shares during the last quarter. First Trust Advisors LP raised its stake in BWX Technologies by 41.3% during the fourth quarter. First Trust Advisors LP now owns 330,559 shares of the technology company’s stock worth $25,364,000 after acquiring an additional 96,629 shares during the period. Envestnet Asset Management Inc. lifted its holdings in BWX Technologies by 42.6% in the third quarter. Envestnet Asset Management Inc. now owns 280,437 shares of the technology company’s stock worth $21,027,000 after acquiring an additional 83,747 shares during the last quarter. Vanguard Group Inc. boosted its stake in BWX Technologies by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 8,677,218 shares of the technology company’s stock valued at $665,803,000 after acquiring an additional 65,137 shares during the period. Finally, Ghisallo Capital Management LLC bought a new position in shares of BWX Technologies during the fourth quarter valued at approximately $4,188,000. 94.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Bank of America boosted their price objective on BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. CLSA began coverage on shares of BWX Technologies in a report on Monday, June 3rd. They issued a “buy” rating on the stock. Truist Financial reissued a “hold” rating and set a $95.00 target price (down from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. Deutsche Bank Aktiengesellschaft cut their price target on BWX Technologies from $110.00 to $107.00 and set a “buy” rating on the stock in a report on Monday, June 10th. Finally, StockNews.com raised BWX Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, BWX Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

BWX Technologies Stock Up 0.6 %

Shares of BWXT stock opened at $93.01 on Monday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.24 and a current ratio of 2.24. The stock has a market cap of $8.50 billion, a PE ratio of 33.58, a price-to-earnings-growth ratio of 3.48 and a beta of 0.71. The business’s fifty day moving average is $91.22 and its 200-day moving average is $89.26. BWX Technologies, Inc. has a 1 year low of $67.15 and a 1 year high of $107.18.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. The company had revenue of $603.97 million during the quarter, compared to the consensus estimate of $599.92 million. BWX Technologies had a net margin of 10.00% and a return on equity of 31.57%. BWX Technologies’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.70 EPS. Equities analysts expect that BWX Technologies, Inc. will post 3.19 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Friday, May 17th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Thursday, May 16th. BWX Technologies’s dividend payout ratio is presently 34.66%.

About BWX Technologies

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; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.