MRP Capital Investments LLC Has $4.56 Million Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

MRP Capital Investments LLC raised its stake in BWX Technologies, Inc. (NYSE:BWXT) by 189.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,987 shares of the technology company’s stock after buying an additional 31,385 shares during the period. BWX Technologies comprises about 4.3% of MRP Capital Investments LLC’s investment portfolio, making the stock its 3rd biggest position. MRP Capital Investments LLC owned 0.05% of BWX Technologies worth $4,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Quent Capital LLC lifted 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 worth $26,000 after buying an additional 151 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of 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 boosted its stake in shares of 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 purchasing an additional 300 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of BWX Technologies during the 2nd quarter valued at $45,000. Finally, Blue Trust Inc. lifted its stake in BWX Technologies by 37.2% in 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 last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Wall Street Analyst Weigh In

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

BWX Technologies Price Performance

Shares of NYSE BWXT opened at $97.13 on Thursday. BWX Technologies, Inc. has a 1 year low of $72.14 and a 1 year high of $107.18. The stock has a market capitalization of $8.88 billion, a P/E ratio of 35.06, a P/E/G ratio of 3.51 and a beta of 0.71. The company’s 50-day moving average is $99.03 and its 200 day moving average is $96.34. 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 (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. The company had revenue of $681.50 million for the quarter, compared to analyst estimates of $639.31 million. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 earnings per share. On average, sell-side analysts expect that BWX Technologies, Inc. will post 3.2 earnings per share for the current year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 16th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, August 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.99%. BWX Technologies’s payout ratio is presently 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.