BWX Technologies, Inc. (NYSE:BWXT) Stock Holdings Lowered by ProShare Advisors LLC

ProShare Advisors LLC trimmed its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 3.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,311 shares of the technology company’s stock after selling 153 shares during the period. ProShare Advisors LLC’s holdings in BWX Technologies were worth $410,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of BWX Technologies by 77.6% during the 1st quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock worth $28,000 after acquiring an additional 118 shares in the last quarter. Blue Trust Inc. boosted its position in shares of BWX Technologies by 37.2% in the 2nd quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock valued at $46,000 after purchasing an additional 121 shares during the period. Commonwealth Equity Services LLC increased its stake in BWX Technologies by 2.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 5,293 shares of the technology company’s stock worth $503,000 after purchasing an additional 149 shares in the last quarter. XTX Topco Ltd raised its holdings in BWX Technologies by 7.1% during the 2nd quarter. XTX Topco Ltd now owns 2,237 shares of the technology company’s stock worth $213,000 after buying an additional 149 shares during the period. Finally, Stephens Inc. AR lifted its stake in BWX Technologies by 0.9% during the fourth quarter. Stephens Inc. AR now owns 16,286 shares of the technology company’s stock valued at $1,250,000 after buying an additional 151 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Stock Performance

Shares of NYSE BWXT opened at $111.64 on Wednesday. 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, Inc. has a one year low of $72.14 and a one year high of $111.86. The business’s 50-day moving average price is $99.68 and its two-hundred day moving average price is $96.43. The company has a market capitalization of $10.20 billion, a P/E ratio of 40.30, a price-to-earnings-growth ratio of 3.84 and a beta of 0.71.

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

BWX Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Friday, August 16th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend was Friday, August 16th. BWX Technologies’s dividend payout ratio is presently 34.66%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BWXT shares. BTIG Research started coverage on shares of BWX Technologies in a research report on Wednesday, June 26th. They issued a “buy” rating and a $110.00 target price on the stock. StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft increased their target price on BWX Technologies from $112.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Janney Montgomery Scott started coverage on BWX Technologies in a report on Thursday, June 27th. They set a “buy” rating and a $113.00 price target on the stock. Finally, Barclays lowered BWX Technologies from an “equal weight” rating to an “underweight” rating and upped their price target for the company from $75.00 to $90.00 in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, BWX Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $102.57.

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.