Ameritas Investment Partners Inc. Decreases Position in BWX Technologies, Inc. (NYSE:BWXT)

Ameritas Investment Partners Inc. trimmed its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 3.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,443 shares of the technology company’s stock after selling 753 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in BWX Technologies were worth $1,847,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in BWXT. Vanguard Group Inc. lifted its holdings in shares of BWX Technologies by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 8,735,898 shares of the technology company’s stock valued at $896,478,000 after purchasing an additional 58,680 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in BWX Technologies by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,343,076 shares of the technology company’s stock valued at $127,593,000 after buying an additional 77,237 shares during the last quarter. Frontier Capital Management Co. LLC lifted its stake in BWX Technologies by 28.8% in the fourth quarter. Frontier Capital Management Co. LLC now owns 967,317 shares of the technology company’s stock valued at $74,222,000 after buying an additional 216,525 shares during the last quarter. Fiera Capital Corp boosted its holdings in shares of BWX Technologies by 1.1% in the second quarter. Fiera Capital Corp now owns 936,839 shares of the technology company’s stock valued at $89,000,000 after acquiring an additional 10,475 shares during the period. Finally, Bessemer Group Inc. grew its position in shares of BWX Technologies by 11,107.7% during the first quarter. Bessemer Group Inc. now owns 834,973 shares of the technology company’s stock worth $85,684,000 after acquiring an additional 827,523 shares during the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

BWX Technologies Stock Performance

Shares of BWXT stock 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. The company has a market cap of $9.40 billion, a price-to-earnings 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.

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

BWX Technologies Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on BWXT. Deutsche Bank Aktiengesellschaft increased their price target on shares of BWX Technologies from $112.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. CLSA began coverage on BWX Technologies in a report on Monday, June 3rd. They set a “buy” rating on the stock. Janney Montgomery Scott began coverage on BWX Technologies in a research note on Thursday, June 27th. They set a “buy” rating and a $113.00 price objective for the company. BTIG Research began coverage on BWX Technologies in a research report on Wednesday, June 26th. They set a “buy” rating and a $110.00 price objective for the company. Finally, StockNews.com raised BWX Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. One 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.