BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by Advisor Resource Council

Advisor Resource Council decreased its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 53.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,107 shares of the technology company’s stock after selling 5,803 shares during the quarter. Advisor Resource Council’s holdings in BWX Technologies were worth $524,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BWXT. PNC Financial Services Group Inc. increased its holdings in BWX Technologies by 20.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,145 shares of the technology company’s stock worth $161,000 after purchasing an additional 363 shares during the period. Mariner LLC increased its holdings in shares of BWX Technologies by 5.2% in the 3rd quarter. Mariner LLC now owns 9,731 shares of the technology company’s stock valued at $730,000 after acquiring an additional 478 shares during the last quarter. Gotham Asset Management LLC increased its holdings in shares of BWX Technologies by 6.7% in the 3rd quarter. Gotham Asset Management LLC now owns 21,646 shares of the technology company’s stock valued at $1,623,000 after acquiring an additional 1,360 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of BWX Technologies by 8.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 6,609 shares of the technology company’s stock valued at $496,000 after acquiring an additional 533 shares during the last quarter. Finally, JT Stratford LLC increased its holdings in shares of BWX Technologies by 33.6% in the 3rd quarter. JT Stratford LLC now owns 21,316 shares of the technology company’s stock valued at $1,598,000 after acquiring an additional 5,365 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Trading Up 1.3 %

Shares of BWXT stock opened at $95.47 on Friday. The business’s 50 day moving average is $91.47 and its two-hundred day moving average is $90.11. BWX Technologies, Inc. has a twelve month low of $67.91 and a twelve month high of $107.18. The company has a market capitalization of $8.73 billion, a P/E ratio of 34.47, a price-to-earnings-growth ratio of 3.55 and a beta of 0.69. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.29.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.09. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. The company had revenue of $603.97 million for the quarter, compared to the consensus estimate of $599.92 million. During the same period last year, the business posted $0.70 EPS. The company’s revenue was up 6.3% on a year-over-year basis. Equities analysts forecast that BWX Technologies, Inc. will post 3.18 EPS for the current year.

BWX Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Friday, May 17th were paid a $0.24 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.01%. BWX Technologies’s dividend payout ratio (DPR) is presently 34.66%.

Analysts Set New Price Targets

A number of research analysts have recently commented on BWXT shares. Bank of America increased their price objective on BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, March 28th. StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. CLSA started coverage on BWX Technologies in a report on Monday, June 3rd. They issued a “buy” rating on the stock. Truist Financial reiterated a “hold” rating and issued a $95.00 price objective (down previously from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. Finally, Janney Montgomery Scott initiated coverage on BWX Technologies in a report on Thursday, June 27th. They issued a “buy” rating and a $113.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, BWX Technologies has a consensus rating of “Moderate Buy” and an average price target of $96.33.

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.