Benjamin Edwards Inc. Makes New Investment in BWX Technologies, Inc. (NYSE:BWXT)

Benjamin Edwards Inc. purchased a new stake in BWX Technologies, Inc. (NYSE:BWXT) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,056 shares of the technology company’s stock, valued at approximately $100,000.

Several other large investors also recently made changes to their positions in BWXT. GAMMA Investing LLC boosted its stake in 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 purchasing an additional 118 shares during the period. Blue Trust Inc. boosted its position in BWX Technologies by 37.2% during the 2nd quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock worth $46,000 after acquiring an additional 121 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of 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 acquiring an additional 149 shares in the last quarter. XTX Topco Ltd grew its position in BWX Technologies by 7.1% in the second quarter. XTX Topco Ltd now owns 2,237 shares of the technology company’s stock valued at $213,000 after purchasing an additional 149 shares in the last quarter. Finally, Stephens Inc. AR lifted its position in BWX Technologies by 0.9% during the 4th quarter. Stephens Inc. AR now owns 16,286 shares of the technology company’s stock worth $1,250,000 after buying an additional 151 shares in the last quarter. Institutional investors own 94.39% of the company’s stock.

Analyst Ratings Changes

BWXT has been the topic of a number of recent research reports. Barclays downgraded BWX Technologies from an “equal weight” rating to an “underweight” rating and lifted their target price for the company from $75.00 to $90.00 in a research report on Wednesday, July 24th. BTIG Research began 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 on the stock. StockNews.com raised 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 target price on shares of BWX Technologies from $112.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Finally, Janney Montgomery Scott began coverage on BWX Technologies in a report on Thursday, June 27th. They set a “buy” rating and a $113.00 price target for the company. 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’s stock. According to MarketBeat, BWX Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $102.57.

BWX Technologies Stock Performance

NYSE:BWXT opened at $102.84 on Monday. 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 stock has a 50 day simple moving average of $99.13 and a 200 day simple moving average of $96.22. BWX Technologies, Inc. has a 1-year low of $72.14 and a 1-year high of $107.18. The stock has a market cap of $9.40 billion, a P/E ratio of 37.13, a PEG ratio of 3.51 and a beta of 0.71.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data 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. BWX Technologies had a net margin of 10.29% and a return on equity of 31.93%. The firm had revenue of $681.50 million during the quarter, compared to the consensus estimate of $639.31 million. During the same quarter in the previous year, the firm posted $0.65 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. Research analysts anticipate that BWX Technologies, Inc. will post 3.2 earnings per share for the current year.

BWX Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 16th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend 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 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.