Signaturefd LLC Sells 337 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Signaturefd LLC trimmed its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 1.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,530 shares of the technology company’s stock after selling 337 shares during the period. Signaturefd LLC’s holdings in BWX Technologies were worth $2,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BWXT. Quent Capital LLC grew its holdings in 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 in the last quarter. GAMMA Investing LLC boosted its holdings in shares of BWX Technologies by 77.6% in the 1st quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock valued at $28,000 after buying an additional 118 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of BWX Technologies by 729.0% in the 3rd quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock valued at $28,000 after buying an additional 226 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in shares of BWX Technologies in the 3rd quarter valued at about $31,000. Finally, Toth Financial Advisory Corp boosted its holdings in shares of BWX Technologies by 1,500.0% in the 1st quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock valued at $33,000 after buying an additional 300 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

BWX Technologies Stock Performance

BWXT opened at $123.66 on Wednesday. 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. The firm has a market capitalization of $11.30 billion, a PE ratio of 44.64, a P/E/G ratio of 4.25 and a beta of 0.71. The firm has a 50 day moving average of $106.62 and a two-hundred day moving average of $98.47.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, August 5th. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. The company had revenue of $681.50 million during the quarter, compared to analyst estimates of $639.31 million. BWX Technologies had a net margin of 10.29% and a return on equity of 31.93%. BWX Technologies’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the firm posted $0.65 EPS. On average, analysts anticipate that BWX Technologies, Inc. will post 3.2 EPS for the current year.

BWX Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 16th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.78%. BWX Technologies’s payout ratio is 34.66%.

BWX Technologies Company 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.