SG Americas Securities LLC Sells 36,437 Shares of BWX Technologies, Inc. (NYSE:BWXT)

SG Americas Securities LLC lowered its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 94.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,172 shares of the technology company’s stock after selling 36,437 shares during the period. SG Americas Securities LLC’s holdings in BWX Technologies were worth $236,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of BWXT. Centaurus Financial Inc. bought a new position in shares of BWX Technologies in the second quarter worth approximately $142,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of BWX Technologies in the second quarter worth approximately $1,138,000. Sanctuary Advisors LLC bought a new position in shares of BWX Technologies in the second quarter worth approximately $615,000. Truist Financial Corp raised its holdings in shares of BWX Technologies by 3.3% during the second quarter. Truist Financial Corp now owns 8,250 shares of the technology company’s stock valued at $784,000 after purchasing an additional 262 shares during the last quarter. Finally, Creative Planning raised its holdings in shares of BWX Technologies by 44.1% during the second quarter. Creative Planning now owns 7,324 shares of the technology company’s stock valued at $696,000 after purchasing an additional 2,242 shares during the last quarter. Institutional investors own 94.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BWXT shares. Barclays cut shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and boosted their price objective for the company from $75.00 to $90.00 in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BWX Technologies from $113.00 to $129.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Janney Montgomery Scott started coverage on shares of BWX Technologies in a report on Thursday, June 27th. They set a “buy” rating and a $113.00 price objective for the company. StockNews.com raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Finally, BTIG Research assumed coverage on shares of BWX Technologies in a report on Wednesday, June 26th. They set a “buy” rating and a $110.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $104.86.

BWX Technologies Stock Up 0.4 %

Shares of BWXT stock opened at $126.75 on Tuesday. BWX Technologies, Inc. has a 12 month low of $72.91 and a 12 month high of $128.00. The stock has a market cap of $11.59 billion, a P/E ratio of 45.76, a P/E/G ratio of 4.25 and a beta of 0.71. 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 company has a 50 day simple moving average of $106.10 and a two-hundred day simple moving average of $98.31.

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

BWX Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Friday, August 16th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.76%. BWX Technologies’s payout ratio is currently 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.