Davidson Kempner Capital Management LP Reduces Stake in BWX Technologies, Inc. (NYSE:BWXT)

Davidson Kempner Capital Management LP lowered its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 10.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,081 shares of the technology company’s stock after selling 6,870 shares during the period. Davidson Kempner Capital Management LP owned 0.06% of BWX Technologies worth $5,328,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Quent Capital LLC increased its position in BWX Technologies by 146.6% in the first quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock worth $26,000 after buying an additional 151 shares during the last quarter. GAMMA Investing LLC increased its holdings in BWX Technologies by 77.6% in the 1st quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock worth $28,000 after acquiring an additional 118 shares during the last quarter. Toth Financial Advisory Corp raised its stake in BWX Technologies by 1,500.0% in the 1st quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock valued at $33,000 after acquiring an additional 300 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in BWX Technologies during the second quarter valued at about $45,000. Finally, Blue Trust Inc. boosted its position in BWX Technologies by 37.2% during the second quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock worth $46,000 after purchasing an additional 121 shares during the period. Institutional investors own 94.39% of the company’s stock.

Analyst Ratings Changes

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

BWX Technologies Trading Up 4.9 %

Shares of BWX Technologies stock opened at $102.84 on Monday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.23 and a quick ratio of 2.23. BWX Technologies, Inc. has a 1 year low of $72.14 and a 1 year high of $107.18. The firm has a market cap of $9.40 billion, a PE ratio of 37.13, a PEG ratio of 3.51 and a beta of 0.71. The company has a 50 day simple moving average of $99.13 and a two-hundred day simple moving average of $96.22.

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

BWX Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 16th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.93%. BWX Technologies’s dividend payout ratio (DPR) is presently 34.66%.

BWX Technologies 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.