BWX Technologies, Inc. (NYSE:BWXT) Position Raised by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 1,121.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 578,068 shares of the technology company’s stock after purchasing an additional 530,749 shares during the period. Thrivent Financial for Lutherans owned 0.63% of BWX Technologies worth $54,916,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quent Capital LLC raised its holdings in BWX Technologies by 146.6% during the first quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock worth $26,000 after purchasing an additional 151 shares in the last quarter. GAMMA Investing LLC grew its position in BWX Technologies by 77.6% in the first quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock worth $28,000 after buying an additional 118 shares during the last quarter. Toth Financial Advisory Corp grew its position in BWX Technologies by 1,500.0% in the first quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock worth $33,000 after buying an additional 300 shares during the last quarter. Blue Trust Inc. grew its position 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 buying an additional 121 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in BWX Technologies in the second quarter worth approximately $45,000. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Trading Up 4.9 %

Shares of NYSE:BWXT opened at $102.84 on Monday. The firm has a fifty day moving average of $99.13 and a two-hundred day moving average of $96.22. The firm has a market capitalization of $9.40 billion, a P/E ratio of 37.13, a price-to-earnings-growth ratio of 3.51 and a beta of 0.71. BWX Technologies, Inc. has a 12-month low of $72.14 and a 12-month high of $107.18. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.21.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, August 5th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. The company 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 for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. On average, equities analysts expect that BWX Technologies, Inc. will post 3.2 EPS for the current fiscal year.

BWX Technologies Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of 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 shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and lifted their price target for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. CLSA assumed coverage on shares of BWX Technologies in a research report on Monday, June 3rd. They issued a “buy” rating on the stock. Janney Montgomery Scott assumed coverage on shares of BWX Technologies in a research report on Thursday, June 27th. They set a “buy” rating and a $113.00 price objective on the stock. Finally, BTIG Research assumed coverage on shares of BWX Technologies in a research report on Wednesday, June 26th. They set a “buy” rating and a $110.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $102.57.

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.