Stephens Inc. AR Sells 237 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Stephens Inc. AR reduced its position in BWX Technologies, Inc. (NYSE:BWXT) by 1.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,433 shares of the technology company’s stock after selling 237 shares during the quarter. Stephens Inc. AR’s holdings in BWX Technologies were worth $1,569,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of BWXT. AQR Capital Management LLC boosted its position in BWX Technologies by 77.8% during the second quarter. AQR Capital Management LLC now owns 132,263 shares of the technology company’s stock valued at $12,565,000 after acquiring an additional 57,879 shares during the last quarter. Bridges Investment Management Inc. lifted its stake in BWX Technologies by 76.3% in the second quarter. Bridges Investment Management Inc. now owns 359,147 shares of the technology company’s stock valued at $34,119,000 after buying an additional 155,387 shares during the period. Quantbot Technologies LP bought a new position in shares of BWX Technologies during the 1st quarter worth approximately $1,096,000. Russell Investments Group Ltd. increased its stake in shares of BWX Technologies by 39.9% in the 1st quarter. Russell Investments Group Ltd. now owns 111,757 shares of the technology company’s stock valued at $11,469,000 after acquiring an additional 31,845 shares in the last quarter. Finally, Compass Wealth Management LLC acquired a new position in shares of BWX Technologies during the 3rd quarter valued at $3,456,000. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Stock Performance

Shares of BWXT stock opened at $119.68 on Tuesday. BWX Technologies, Inc. has a one year low of $74.62 and a one year high of $128.00. The company has a market cap of $10.94 billion, a P/E ratio of 40.99, a P/E/G ratio of 4.38 and a beta of 0.69. The firm has a 50-day moving average of $110.45 and a 200-day moving average of $100.04. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.23 and a quick ratio of 2.23.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, August 5th. The technology company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. The firm had revenue of $681.50 million for the quarter, compared to the consensus estimate of $639.31 million. During the same quarter in the previous year, the business earned $0.65 EPS. The company’s revenue was up 11.3% compared to the same quarter last year. Equities research analysts forecast that BWX Technologies, Inc. will post 3.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. StockNews.com raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Barclays downgraded BWX Technologies from an “equal weight” rating to an “underweight” rating and upped their price target for the stock from $75.00 to $90.00 in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on BWX Technologies from $113.00 to $129.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $108.67.

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.