125,834 Shares in BWX Technologies, Inc. (NYSE:BWXT) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new position in shares of BWX Technologies, Inc. (NYSE:BWXT) during the third quarter, HoldingsChannel.com reports. The firm bought 125,834 shares of the technology company’s stock, valued at approximately $136,780,000.

A number of other hedge funds also recently made changes to their positions in BWXT. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of BWX Technologies by 105.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,239 shares of the technology company’s stock valued at $1,872,000 after purchasing an additional 9,344 shares during the last quarter. 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 purchasing an additional 300 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in shares of BWX Technologies in the 1st quarter valued at $506,000. Brown Miller Wealth Management LLC acquired a new position in shares of BWX Technologies in the 1st quarter valued at $258,000. Finally, Merrion Investment Management Co LLC purchased a new position in shares of BWX Technologies in the 1st quarter valued at $739,000. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Stock Performance

Shares of BWXT stock opened at $123.10 on Friday. BWX Technologies, Inc. has a 12 month low of $72.91 and a 12 month high of $128.00. 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 firm has a market capitalization of $11.25 billion, a P/E ratio of 44.44, a P/E/G ratio of 4.25 and a beta of 0.71. The company’s fifty day moving average price is $108.12 and its two-hundred day moving average price is $98.97.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data 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 firm had revenue of $681.50 million for the quarter, compared to analyst estimates of $639.31 million. During the same quarter in the previous year, the business posted $0.65 EPS. The firm’s revenue was up 11.3% compared to the same quarter last year. On average, research analysts anticipate that BWX Technologies, Inc. will post 3.2 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Barclays lowered shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and lifted their target price for the company from $75.00 to $90.00 in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lifted their target price 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. Finally, StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.86.

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.