BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by Entropy Technologies LP

Entropy Technologies LP lessened its stake in BWX Technologies, Inc. (NYSE:BWXT) by 49.1% in the 3rd quarter, Holdings Channel reports. The firm owned 3,996 shares of the technology company’s stock after selling 3,853 shares during the period. Entropy Technologies LP’s holdings in BWX Technologies were worth $434,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its holdings in shares of BWX Technologies by 11,107.7% in the 1st quarter. Bessemer Group Inc. now owns 834,973 shares of the technology company’s stock valued at $85,684,000 after buying an additional 827,523 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of BWX Technologies by 1,121.6% in the second quarter. Thrivent Financial for Lutherans now owns 578,068 shares of the technology company’s stock valued at $54,916,000 after purchasing an additional 530,749 shares in the last quarter. Van ECK Associates Corp lifted its holdings in BWX Technologies by 49.7% during the 3rd quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock worth $104,381,000 after buying an additional 318,598 shares in the last quarter. Sapient Capital LLC purchased a new stake in shares of BWX Technologies during the second quarter worth $29,408,000. Finally, American Century Companies Inc. raised its stake in shares of BWX Technologies by 37.9% in the second quarter. American Century Companies Inc. now owns 738,542 shares of the technology company’s stock valued at $70,161,000 after acquiring an additional 203,067 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Truist Financial upped their price target on BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Bank of America boosted their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Barclays downgraded shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and boosted their target price for the stock from $75.00 to $90.00 in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $122.43.

BWX Technologies Trading Down 1.5 %

NYSE BWXT opened at $126.26 on Friday. The firm’s fifty day moving average price is $115.18 and its 200 day moving average price is $102.03. BWX Technologies, Inc. has a 12 month low of $74.69 and a 12 month high of $136.31. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The company has a market capitalization of $11.54 billion, a price-to-earnings ratio of 41.81, a price-to-earnings-growth ratio of 4.82 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) 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 company had revenue of $672.00 million for the quarter, compared to analyst estimates of $658.84 million. During the same quarter last year, the company posted $0.67 earnings per share. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. On average, sell-side analysts expect that BWX Technologies, Inc. will post 3.21 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Tuesday, November 19th. BWX Technologies’s dividend payout ratio is currently 31.79%.

BWX Technologies 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.