Ensign Peak Advisors Inc Buys 64,990 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Ensign Peak Advisors Inc boosted its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 19.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 402,245 shares of the technology company’s stock after acquiring an additional 64,990 shares during the period. Ensign Peak Advisors Inc owned 0.44% of BWX Technologies worth $38,213,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BWXT. Bessemer Group Inc. raised its stake in BWX Technologies by 11,107.7% in the first quarter. Bessemer Group Inc. now owns 834,973 shares of the technology company’s stock valued at $85,684,000 after purchasing an additional 827,523 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of BWX Technologies by 1,121.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 578,068 shares of the technology company’s stock valued at $54,916,000 after buying an additional 530,749 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of BWX Technologies during the 1st quarter worth approximately $42,106,000. Sapient Capital LLC acquired a new stake in shares of BWX Technologies during the 2nd quarter worth approximately $29,408,000. Finally, Van ECK Associates Corp boosted its position in shares of BWX Technologies by 79.1% during the 2nd quarter. Van ECK Associates Corp now owns 641,671 shares of the technology company’s stock worth $60,958,000 after acquiring an additional 283,472 shares in the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

BWX Technologies Stock Performance

Shares of BWXT stock opened at $102.84 on Friday. The firm has a market capitalization of $9.40 billion, a price-to-earnings ratio of 37.13, a PEG ratio of 3.51 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 business’s 50-day moving average price is $99.13 and its 200-day moving average price is $96.28. BWX Technologies, Inc. has a 12 month low of $72.14 and a 12 month high of $107.18.

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

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Friday, August 16th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Friday, August 16th. BWX Technologies’s dividend payout ratio is currently 34.66%.

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.