BWX Technologies, Inc. (NYSE:BWXT) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,276 shares of the technology company’s stock after buying an additional 225 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in BWX Technologies were worth $791,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in BWX Technologies by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 8,735,898 shares of the technology company’s stock worth $896,478,000 after purchasing an additional 58,680 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in BWX Technologies by 12.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,707,832 shares of the technology company’s stock worth $162,244,000 after purchasing an additional 192,042 shares in the last quarter. Dimensional Fund Advisors LP grew its position in BWX Technologies by 6.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,343,076 shares of the technology company’s stock worth $127,593,000 after purchasing an additional 77,237 shares in the last quarter. Fiera Capital Corp grew its position in BWX Technologies by 1.1% during the 2nd quarter. Fiera Capital Corp now owns 936,839 shares of the technology company’s stock worth $89,000,000 after purchasing an additional 10,475 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in BWX Technologies by 11,107.7% during the 1st quarter. Bessemer Group Inc. now owns 834,973 shares of the technology company’s stock worth $85,684,000 after purchasing an additional 827,523 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. StockNews.com lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday. 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 research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Truist Financial lifted 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, BWX Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $110.67.

BWX Technologies Stock Performance

NYSE:BWXT opened at $118.33 on Thursday. The firm’s 50-day moving average is $111.46 and its 200-day moving average is $100.53. BWX Technologies, Inc. has a 52-week low of $74.69 and a 52-week high of $128.00. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.23 and a current ratio of 2.23. The company has a market cap of $10.82 billion, a price-to-earnings ratio of 39.18, a PEG ratio of 4.41 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.06. The company had revenue of $672.00 million for the quarter, compared to the consensus estimate of $658.84 million. BWX Technologies had a net margin of 10.29% and a return on equity of 31.93%. The business’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 EPS. Equities research analysts anticipate that BWX Technologies, Inc. will post 3.2 earnings per share for the current year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be paid a $0.24 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a yield of 0.81%. BWX Technologies’s payout ratio is currently 31.79%.

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.