Quest Partners LLC Reduces Stake in BWX Technologies, Inc. (NYSE:BWXT)

Quest Partners LLC lessened its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 46.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,579 shares of the technology company’s stock after selling 1,347 shares during the period. Quest Partners LLC’s holdings in BWX Technologies were worth $150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of BWXT. BNP Paribas Financial Markets lifted its holdings in BWX Technologies by 104.4% during the fourth quarter. BNP Paribas Financial Markets now owns 71,801 shares of the technology company’s stock valued at $5,509,000 after purchasing an additional 36,679 shares in the last quarter. Jump Financial LLC acquired a new stake in BWX Technologies in the 4th quarter worth about $482,000. Vanguard Personalized Indexing Management LLC increased its stake in BWX Technologies by 46.1% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 6,581 shares of the technology company’s stock worth $505,000 after buying an additional 2,076 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of BWX Technologies by 98.8% during the fourth quarter. Brown Advisory Inc. now owns 29,426 shares of the technology company’s stock valued at $2,258,000 after acquiring an additional 14,625 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of BWX Technologies by 4.2% in the fourth quarter. Wells Fargo & Company MN now owns 300,002 shares of the technology company’s stock valued at $23,019,000 after acquiring an additional 12,143 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Price Performance

Shares of NYSE:BWXT opened at $98.34 on Tuesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.23 and a current ratio of 2.23. The company has a 50-day simple moving average of $98.88 and a 200-day simple moving average of $96.39. BWX Technologies, Inc. has a one year low of $72.14 and a one year high of $107.18. The stock has a market capitalization of $8.99 billion, a price-to-earnings ratio of 35.50, a PEG ratio of 3.51 and a beta of 0.71.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, August 5th. The technology company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.76 by $0.06. BWX Technologies had a net margin of 10.29% and a return on equity of 31.93%. The firm had revenue of $681.50 million during the quarter, compared to analysts’ expectations of $639.31 million. During the same quarter last year, the business earned $0.65 earnings per share. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, analysts predict that BWX Technologies, Inc. will post 3.2 EPS for the current year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Friday, August 16th were given a dividend of $0.24 per share. The ex-dividend date was Friday, August 16th. This represents a $0.96 annualized dividend and a yield of 0.98%. BWX Technologies’s dividend payout ratio (DPR) is presently 34.66%.

Analyst Ratings Changes

A number of brokerages have recently commented on BWXT. StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Barclays cut BWX Technologies from an “equal weight” rating to an “underweight” rating and boosted their target price for the stock from $75.00 to $90.00 in a report on Wednesday, July 24th. BTIG Research initiated coverage on BWX Technologies in a research report on Wednesday, June 26th. They set a “buy” rating and a $110.00 price objective on the stock. Janney Montgomery Scott assumed coverage on BWX Technologies in a report on Thursday, June 27th. They issued a “buy” rating and a $113.00 target price for the company. Finally, CLSA began coverage on BWX Technologies in a report on Monday, June 3rd. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $102.57.

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.