BWX Technologies, Inc. (NYSE:BWXT) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. increased its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 82.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 813 shares of the technology company’s stock after acquiring an additional 367 shares during the quarter. Blue Trust Inc.’s holdings in BWX Technologies were worth $88,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BWXT. Valeo Financial Advisors LLC increased its stake in BWX Technologies by 4.3% during the third quarter. Valeo Financial Advisors LLC now owns 3,539 shares of the technology company’s stock worth $385,000 after purchasing an additional 145 shares during the period. Commonwealth Equity Services LLC increased its stake in BWX Technologies by 2.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 5,293 shares of the technology company’s stock worth $503,000 after buying an additional 149 shares during the period. XTX Topco Ltd lifted its holdings in BWX Technologies by 7.1% during the 2nd quarter. XTX Topco Ltd now owns 2,237 shares of the technology company’s stock worth $213,000 after buying an additional 149 shares in the last quarter. Quent Capital LLC boosted its position in BWX Technologies by 146.6% in the 1st quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock valued at $26,000 after buying an additional 151 shares during the period. Finally, GAMMA Investing LLC boosted its position in BWX Technologies by 58.9% in the 2nd quarter. GAMMA Investing LLC now owns 429 shares of the technology company’s stock valued at $41,000 after buying an additional 159 shares during the period. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BWXT shares. StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Barclays cut shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and lifted their price objective for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on BWX Technologies from $113.00 to $129.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $104.86.

BWX Technologies Stock Performance

Shares of BWXT opened at $125.52 on Wednesday. The stock has a market capitalization of $11.47 billion, a PE ratio of 45.31, a price-to-earnings-growth ratio of 4.25 and a beta of 0.71. The business’s fifty day moving average price is $109.13 and its 200 day moving average price is $99.41. 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 12-month low of $72.91 and a 12-month high of $128.00.

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

BWX Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 16th were paid a $0.24 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.76%. BWX Technologies’s dividend 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.