BWX Technologies, Inc. (NYSE:BWXT) Stock Position Lessened by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 3.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,136 shares of the technology company’s stock after selling 437 shares during the period. Janney Montgomery Scott LLC’s holdings in BWX Technologies were worth $1,428,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Quent Capital LLC raised its stake in shares of BWX Technologies by 147.6% in the 3rd quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock worth $28,000 after buying an additional 152 shares in the last quarter. UMB Bank n.a. raised its position in BWX Technologies by 729.0% in the third quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock worth $28,000 after acquiring an additional 226 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in BWX Technologies in the 3rd quarter valued at about $31,000. GAMMA Investing LLC lifted its holdings in BWX Technologies by 58.9% in the 2nd quarter. GAMMA Investing LLC now owns 429 shares of the technology company’s stock valued at $41,000 after acquiring an additional 159 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of BWX Technologies during the 2nd quarter valued at about $45,000. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Stock Down 2.9 %

NYSE:BWXT opened at $128.24 on Friday. BWX Technologies, Inc. has a 1-year low of $74.69 and a 1-year high of $136.31. The firm has a market capitalization of $11.73 billion, a price-to-earnings ratio of 42.46, a PEG ratio of 4.63 and a beta of 0.69. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The business’s fifty day moving average price is $114.57 and its 200 day moving average price is $101.83.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The business had revenue of $672.00 million during the quarter, compared to analyst estimates of $658.84 million. During the same period in the prior year, the firm earned $0.67 earnings per share. The firm’s revenue was up 13.9% compared to the same quarter last year. On average, sell-side analysts forecast that BWX Technologies, Inc. will post 3.21 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Tuesday, November 19th. BWX Technologies’s dividend payout ratio is currently 31.79%.

Wall Street Analyst Weigh In

Several analysts recently commented on BWXT shares. Truist Financial increased their target price on shares of BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their price objective on BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Bank of America lifted their target price on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday. Alembic Global Advisors raised BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price for the company in a report on Tuesday. Finally, StockNews.com cut BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. One investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $122.43.

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.