BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. decreased its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 3.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,883 shares of the technology company’s stock after selling 278 shares during the quarter. Fulton Bank N.A.’s holdings in BWX Technologies were worth $748,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BWXT. Vanguard Group Inc. boosted its position in shares of BWX Technologies by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 8,735,898 shares of the technology company’s stock worth $896,478,000 after purchasing an additional 58,680 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of BWX Technologies by 12.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,707,832 shares of the technology company’s stock worth $162,244,000 after buying an additional 192,042 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of BWX Technologies by 6.1% in the 2nd 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 period. Frontier Capital Management Co. LLC raised its holdings in shares of BWX Technologies by 28.8% in the 4th 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 period. Finally, Fiera Capital Corp lifted its stake in BWX Technologies by 1.1% during the 2nd quarter. Fiera Capital Corp now owns 936,839 shares of the technology company’s stock worth $89,000,000 after acquiring an additional 10,475 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Stock Up 0.5 %

BWX Technologies stock opened at $116.81 on Wednesday. The stock has a market cap of $10.68 billion, a PE ratio of 42.17, a P/E/G ratio of 3.84 and a beta of 0.71. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.23 and a quick ratio of 2.23. The stock’s fifty day moving average is $101.55 and its two-hundred day moving average is $97.05. BWX Technologies, Inc. has a 1-year low of $72.91 and a 1-year high of $118.09.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, August 5th. The technology company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.06. The business had revenue of $681.50 million for the quarter, compared to analyst estimates of $639.31 million. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the company earned $0.65 EPS. On average, sell-side 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. Stockholders of record on Friday, August 16th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, August 16th. BWX Technologies’s payout ratio is 34.66%.

Wall Street Analyst Weigh In

BWXT has been the topic of a number of recent research reports. BTIG Research began coverage on shares of BWX Technologies in a research note on Wednesday, June 26th. They set a “buy” rating and a $110.00 price target on the stock. Janney Montgomery Scott began coverage on shares of BWX Technologies in a research report on Thursday, June 27th. They issued a “buy” rating and a $113.00 price target for the company. Barclays lowered BWX Technologies from an “equal weight” rating to an “underweight” rating and upped their price objective for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. StockNews.com upgraded BWX Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on BWX Technologies from $113.00 to $129.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $104.86.

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.