Cwm LLC Increases Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Cwm LLC raised its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 92.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,605 shares of the technology company’s stock after acquiring an additional 1,252 shares during the quarter. Cwm LLC’s holdings in BWX Technologies were worth $283,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Quent Capital LLC increased its position in shares of 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 stake in BWX Technologies by 77.6% during the 1st 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 increased its position in BWX Technologies by 1,500.0% during 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 period. Ashton Thomas Private Wealth LLC purchased a new stake in BWX Technologies in the second quarter valued at approximately $45,000. Finally, Blue Trust Inc. boosted its holdings in shares of BWX Technologies by 37.2% in the second quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock valued at $46,000 after acquiring an additional 121 shares during the period. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Stock Up 0.4 %

Shares of NYSE BWXT opened at $126.75 on Tuesday. The stock has a fifty day moving average price of $106.10 and a 200 day moving average price of $98.31. The company has a market cap of $11.59 billion, a P/E ratio of 45.76, a P/E/G ratio of 4.25 and a beta of 0.71. BWX Technologies, Inc. has a 12-month low of $72.91 and a 12-month high of $128.00. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.21.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, August 5th. The technology company reported $0.82 EPS for the quarter, topping 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 business had revenue of $681.50 million for the quarter, compared to analysts’ expectations of $639.31 million. During the same period in the previous year, the company posted $0.65 earnings per share. 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 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Friday, August 16th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Friday, August 16th. BWX Technologies’s dividend payout ratio (DPR) is presently 34.66%.

Analysts Set New Price Targets

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