AQR Capital Management LLC Has $12.57 Million Position in BWX Technologies, Inc. (NYSE:BWXT)

AQR Capital Management LLC boosted its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 77.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 132,263 shares of the technology company’s stock after buying an additional 57,879 shares during the period. AQR Capital Management LLC owned approximately 0.14% of BWX Technologies worth $12,565,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its position in BWX Technologies by 105.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,239 shares of the technology company’s stock valued at $1,872,000 after acquiring an additional 9,344 shares in the last quarter. Bridges Investment Management Inc. lifted its holdings in shares of BWX Technologies by 76.3% in the second quarter. Bridges Investment Management Inc. now owns 359,147 shares of the technology company’s stock valued at $34,119,000 after purchasing an additional 155,387 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. purchased a new position in shares of BWX Technologies during the first quarter valued at approximately $1,144,000. Quantbot Technologies LP bought a new stake in BWX Technologies during the first quarter worth $1,096,000. Finally, Russell Investments Group Ltd. raised its position in BWX Technologies by 39.9% in the 1st quarter. Russell Investments Group Ltd. now owns 111,757 shares of the technology company’s stock valued at $11,469,000 after buying an additional 31,845 shares during the last quarter. 94.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BWXT shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of BWX Technologies from $112.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. BTIG Research began coverage on shares of BWX Technologies in a research note on Wednesday, June 26th. They issued a “buy” rating and a $110.00 price objective for the company. Janney Montgomery Scott started coverage on shares of BWX Technologies in a research report on Thursday, June 27th. They set a “buy” rating and a $113.00 target price on the stock. StockNews.com raised BWX Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Finally, Barclays lowered BWX Technologies from an “equal weight” rating to an “underweight” rating and lifted their price target for the stock from $75.00 to $90.00 in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $102.57.

BWX Technologies Price Performance

BWX Technologies stock opened at $111.64 on Wednesday. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.21. The business’s 50 day simple moving average is $99.68 and its 200 day simple moving average is $96.43. BWX Technologies, Inc. has a 12 month low of $72.14 and a 12 month high of $111.86. The company has a market cap of $10.20 billion, a price-to-earnings ratio of 40.30, a PEG ratio of 3.84 and a beta of 0.71.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, August 5th. The technology company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates 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 in the prior year, the firm earned $0.65 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. Sell-side analysts forecast that BWX Technologies, Inc. will post 3.2 EPS for the current year.

BWX Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 16th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Friday, August 16th. BWX Technologies’s dividend payout ratio (DPR) is currently 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.