First Trust Advisors LP Boosts Stake in BWX Technologies, Inc. (NYSE:BWXT)

First Trust Advisors LP lifted its holdings in shares of BWX Technologies, Inc. (NYSE:BWXTFree Report) by 41.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 330,559 shares of the technology company’s stock after buying an additional 96,629 shares during the period. First Trust Advisors LP owned approximately 0.36% of BWX Technologies worth $25,364,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BWXT. Benjamin F. Edwards & Company Inc. bought a new position in BWX Technologies during the 4th quarter valued at about $25,000. SRS Capital Advisors Inc. lifted its position in BWX Technologies by 322.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 553 shares of the technology company’s stock valued at $42,000 after purchasing an additional 422 shares during the period. Fortis Group Advisors LLC purchased a new stake in BWX Technologies in the third quarter worth approximately $46,000. Catalyst Capital Advisors LLC bought a new stake in BWX Technologies in the 3rd quarter worth approximately $50,000. Finally, Psagot Value Holdings Ltd. Israel raised its stake in BWX Technologies by 768.6% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 912 shares of the technology company’s stock valued at $70,000 after buying an additional 807 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Price Performance

NYSE BWXT opened at $89.07 on Tuesday. 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, Inc. has a 12 month low of $64.76 and a 12 month high of $107.18. The stock has a market cap of $8.14 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 2.98 and a beta of 0.71. The company’s 50 day moving average is $92.61 and its two-hundred day moving average is $88.50.

BWX Technologies (NYSE:BWXTGet Free Report) last announced its quarterly earnings data on Monday, May 6th. The technology company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.67 by $0.09. BWX Technologies had a net margin of 10.00% and a return on equity of 31.57%. The firm 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 firm earned $0.70 EPS. The company’s revenue was up 6.3% on a year-over-year basis. As a group, research analysts anticipate that BWX Technologies, Inc. will post 3.19 earnings per share for the current year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Friday, May 17th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Thursday, May 16th. BWX Technologies’s dividend payout ratio is currently 34.66%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their price target on BWX Technologies from $110.00 to $107.00 and set a “buy” rating on the stock in a research note on Monday. CLSA initiated coverage on BWX Technologies in a research note on Monday, June 3rd. They set a “buy” rating for the company. Bank of America increased their price objective on shares of BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. Finally, Truist Financial reaffirmed a “hold” rating and set a $95.00 target price (down from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

View Our Latest Report on BWX Technologies

BWX Technologies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for BWX Technologies (NYSE:BWXT)

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