XTX Topco Ltd Purchases 149 Shares of BWX Technologies, Inc. (NYSE:BWXT)

XTX Topco Ltd raised its position in BWX Technologies, Inc. (NYSE:BWXT) by 7.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,237 shares of the technology company’s stock after purchasing an additional 149 shares during the period. XTX Topco Ltd’s holdings in BWX Technologies were worth $213,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Bessemer Group Inc. increased its position in shares of BWX Technologies by 11,107.7% in the 1st quarter. Bessemer Group Inc. now owns 834,973 shares of the technology company’s stock valued at $85,684,000 after buying an additional 827,523 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of BWX Technologies during the 1st quarter valued at about $42,106,000. Sapient Capital LLC bought a new position in shares of BWX Technologies during the 2nd quarter valued at about $29,408,000. Van ECK Associates Corp grew its position in shares of BWX Technologies by 79.1% in the 2nd quarter. Van ECK Associates Corp now owns 641,671 shares of the technology company’s stock valued at $60,958,000 after purchasing an additional 283,472 shares during the period. Finally, Frontier Capital Management Co. LLC increased its stake in BWX Technologies by 28.8% during the 4th quarter. Frontier Capital Management Co. LLC now owns 967,317 shares of the technology company’s stock worth $74,222,000 after purchasing an additional 216,525 shares in the last quarter. Institutional investors own 94.39% of the company’s stock.

Wall Street Analyst Weigh In

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

BWX Technologies Stock Up 1.2 %

BWXT stock opened at $108.59 on Monday. The company has a market cap of $9.93 billion, a price-to-earnings ratio of 39.20, a P/E/G ratio of 3.84 and a beta of 0.71. BWX Technologies, Inc. has a twelve month low of $72.14 and a twelve month high of $108.84. The business has a 50 day moving average price of $99.60 and a two-hundred day moving average price of $96.37. 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 released its earnings results on Monday, August 5th. The technology company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.06. The business had revenue of $681.50 million during the quarter, compared to analysts’ expectations of $639.31 million. BWX Technologies had a net margin of 10.29% and a return on equity of 31.93%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same period last year, the business earned $0.65 earnings per share. Analysts anticipate that BWX Technologies, Inc. will post 3.2 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors 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 annualized dividend and a yield of 0.88%. BWX Technologies’s dividend payout ratio (DPR) is currently 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.