Prospera Financial Services Inc Boosts Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Prospera Financial Services Inc raised its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 81.1% during the third quarter, HoldingsChannel.com reports. The firm owned 3,818 shares of the technology company’s stock after buying an additional 1,710 shares during the period. Prospera Financial Services Inc’s holdings in BWX Technologies were worth $415,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BWXT. Quent Capital LLC grew its position in BWX Technologies by 147.6% during the 3rd quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock worth $28,000 after purchasing an additional 152 shares during the last quarter. UMB Bank n.a. increased its position 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 acquiring an additional 226 shares during the period. V Square Quantitative Management LLC purchased a new position in BWX Technologies in the 3rd quarter worth $31,000. GAMMA Investing LLC lifted its position in BWX Technologies by 58.9% during the 2nd quarter. GAMMA Investing LLC now owns 429 shares of the technology company’s stock worth $41,000 after acquiring an additional 159 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in BWX Technologies during the 2nd quarter valued at about $45,000. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Price Performance

Shares of BWX Technologies stock opened at $132.89 on Monday. The firm has a market cap of $12.15 billion, a PE ratio of 44.00, a P/E/G ratio of 4.47 and a beta of 0.69. The business has a 50-day moving average price of $118.52 and a 200 day moving average price of $103.43. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies, Inc. has a twelve month low of $74.69 and a twelve month high of $136.31.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.06. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business had revenue of $672.00 million during the quarter, compared to the consensus estimate of $658.84 million. During the same period in the prior year, the company posted $0.67 EPS. The business’s quarterly revenue was up 13.9% on a year-over-year basis. Sell-side analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be given a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.96 annualized dividend and a dividend yield of 0.72%. BWX Technologies’s dividend payout ratio (DPR) is 31.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BWXT shares. Truist Financial upped their target price on BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Bank of America increased their price objective on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price on the stock in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $122.43.

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.