Commonwealth Equity Services LLC Has $503,000 Stake in BWX Technologies, Inc. (NYSE:BWXT)

Commonwealth Equity Services LLC grew its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 2.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,293 shares of the technology company’s stock after acquiring an additional 149 shares during the quarter. Commonwealth Equity Services LLC’s holdings in BWX Technologies were worth $503,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of BWX Technologies by 105.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,239 shares of the technology company’s stock worth $1,872,000 after purchasing an additional 9,344 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. bought a new stake in shares of BWX Technologies during the first quarter worth about $1,144,000. Quantbot Technologies LP bought a new stake in shares of BWX Technologies during the first quarter worth about $1,096,000. Cantor Fitzgerald Investment Advisors L.P. bought a new stake in shares of BWX Technologies during the fourth quarter worth about $1,485,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of BWX Technologies by 39.9% during the first quarter. Russell Investments Group Ltd. now owns 111,757 shares of the technology company’s stock worth $11,469,000 after purchasing an additional 31,845 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Trading Up 4.9 %

NYSE BWXT opened at $102.84 on Friday. The firm has a market capitalization of $9.40 billion, a P/E ratio of 37.13, a PEG ratio of 3.51 and a beta of 0.71. The business has a fifty day simple moving average of $99.13 and a 200 day simple moving average of $96.28. BWX Technologies, Inc. has a 12 month low of $72.14 and a 12 month high of $107.18. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.21.

BWX Technologies (NYSE:BWXT) last released 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. The business had revenue of $681.50 million during 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%. BWX Technologies’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 EPS. On average, analysts predict that BWX Technologies, Inc. will post 3.2 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders 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 dividend on an annualized basis and a yield of 0.93%. BWX Technologies’s dividend payout ratio (DPR) is presently 34.66%.

Analyst Ratings Changes

Several analysts recently commented on BWXT shares. Deutsche Bank Aktiengesellschaft upped their target price on BWX Technologies from $112.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. BTIG Research started coverage on BWX Technologies in a report on Wednesday, June 26th. They issued a “buy” rating and a $110.00 target price on the stock. Janney Montgomery Scott started coverage on BWX Technologies in a report on Thursday, June 27th. They issued a “buy” rating and a $113.00 target price on the stock. Barclays cut BWX Technologies from an “equal weight” rating to an “underweight” rating and upped their target price for the company from $75.00 to $90.00 in a report on Wednesday, July 24th. Finally, CLSA began coverage on BWX Technologies in a research note on Monday, June 3rd. They issued a “buy” rating on the stock. 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’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $102.57.

BWX Technologies Company 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.