Susquehanna Fundamental Investments LLC Grows Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Susquehanna Fundamental Investments LLC increased its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 748.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,089 shares of the technology company’s stock after buying an additional 68,889 shares during the quarter. Susquehanna Fundamental Investments LLC owned 0.09% of BWX Technologies worth $7,418,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Quent Capital LLC boosted its stake in shares of BWX Technologies by 146.6% during the 1st quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock worth $26,000 after acquiring an additional 151 shares during the last quarter. GAMMA Investing LLC lifted its position in BWX Technologies by 77.6% during the first quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock valued at $28,000 after purchasing an additional 118 shares in the last quarter. Toth Financial Advisory Corp lifted 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 valued at $33,000 after purchasing an additional 300 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in BWX Technologies during the second quarter valued at about $45,000. Finally, Blue Trust Inc. increased its position in BWX Technologies by 37.2% in the second quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock worth $46,000 after buying an additional 121 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on BWXT shares. BTIG Research initiated coverage on BWX Technologies in a research report on Wednesday, June 26th. They set a “buy” rating and a $110.00 price objective on the stock. StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Barclays downgraded shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and raised their price objective for the company from $75.00 to $90.00 in a research report on Wednesday, July 24th. Janney Montgomery Scott assumed coverage on shares of BWX Technologies in a report on Thursday, June 27th. They issued a “buy” rating and a $113.00 target price for the company. Finally, CLSA started coverage on BWX Technologies in a report on Monday, June 3rd. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $102.57.

BWX Technologies Stock Up 1.2 %

Shares of BWXT stock opened at $108.59 on Friday. The company’s fifty day simple moving average is $99.60 and its two-hundred day simple moving average is $96.40. BWX Technologies, Inc. has a 52 week low of $72.14 and a 52 week high of $108.84. The stock has a market cap of $9.93 billion, a P/E ratio of 39.20, a PEG ratio of 3.84 and a beta of 0.71. 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 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. The company had revenue of $681.50 million for the quarter, compared to the consensus estimate of $639.31 million. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.65 earnings per share. Analysts predict that BWX Technologies, Inc. will post 3.2 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Friday, August 16th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Friday, August 16th. BWX Technologies’s dividend payout ratio (DPR) is presently 34.66%.

About BWX Technologies

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.