BWX Technologies, Inc. (NYSE:BWXT) Shares Bought by Inspire Investing LLC

Inspire Investing LLC lifted its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 2.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,803 shares of the technology company’s stock after acquiring an additional 826 shares during the period. Inspire Investing LLC’s holdings in BWX Technologies were worth $2,831,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new stake in BWX Technologies during the 4th quarter valued at approximately $482,000. Vanguard Personalized Indexing Management LLC raised its stake in shares of BWX Technologies by 46.1% in 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. grew its holdings in shares of BWX Technologies by 98.8% in the 4th quarter. Brown Advisory Inc. now owns 29,426 shares of the technology company’s stock worth $2,258,000 after acquiring an additional 14,625 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of BWX Technologies by 4.2% in the 4th quarter. Wells Fargo & Company MN now owns 300,002 shares of the technology company’s stock worth $23,019,000 after acquiring an additional 12,143 shares during the last quarter. Finally, Clearbridge Investments LLC grew its holdings in shares of BWX Technologies by 0.7% during the fourth quarter. Clearbridge Investments LLC now owns 1,357,980 shares of the technology company’s stock valued at $104,198,000 after buying an additional 10,068 shares in the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

BWX Technologies Stock Down 0.7 %

Shares of NYSE:BWXT opened at $97.13 on Thursday. The company has a market capitalization of $8.88 billion, a PE ratio of 35.06, a price-to-earnings-growth ratio of 3.51 and a beta of 0.71. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.23 and a quick ratio of 2.23. The business has a fifty day moving average price of $99.03 and a two-hundred day moving average price of $96.34. BWX Technologies, Inc. has a 1 year low of $72.14 and a 1 year high of $107.18.

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

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Friday, August 16th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Friday, August 16th. BWX Technologies’s payout ratio is currently 34.66%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BWXT. Deutsche Bank Aktiengesellschaft boosted their target price on BWX Technologies from $112.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. BTIG Research assumed coverage on BWX Technologies in a research report on Wednesday, June 26th. They set a “buy” rating and a $110.00 price objective for the company. CLSA started coverage on BWX Technologies in a report on Monday, June 3rd. They issued a “buy” rating for the company. Barclays lowered BWX Technologies from an “equal weight” rating to an “underweight” rating and upped their price objective for the company from $75.00 to $90.00 in a research note on Wednesday, July 24th. Finally, StockNews.com upgraded BWX Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $102.57.

BWX Technologies Company Profile

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.