BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 8.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,619 shares of the technology company’s stock after selling 680 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in BWX Technologies were worth $828,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of BWXT. Empowered Funds LLC purchased a new position in shares of BWX Technologies during the first quarter valued at approximately $234,000. Avantax Advisory Services Inc. purchased a new position in shares of BWX Technologies during the first quarter valued at approximately $281,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of BWX Technologies by 2.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,348 shares of the technology company’s stock valued at $1,165,000 after buying an additional 251 shares during the period. Vanguard Group Inc. lifted its stake in shares of BWX Technologies by 0.7% during the first quarter. Vanguard Group Inc. now owns 8,735,898 shares of the technology company’s stock valued at $896,478,000 after buying an additional 58,680 shares during the period. Finally, Bessemer Group Inc. lifted its stake in shares of BWX Technologies by 11,107.7% during the first 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. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Wall Street Analyst Weigh In

BWXT has been the topic of a number of recent analyst reports. Alembic Global Advisors raised shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target on the stock in a research note on Tuesday, November 12th. StockNews.com downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Truist Financial increased their price target on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Barclays downgraded shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and increased their price target for the stock from $75.00 to $90.00 in a research note on Wednesday, July 24th. Finally, Bank of America increased their price target 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. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.43.

BWX Technologies Stock Performance

Shares of BWXT stock opened at $126.18 on Tuesday. The company’s fifty day simple moving average is $115.78 and its 200-day simple moving average is $102.34. BWX Technologies, Inc. has a 52 week low of $74.69 and a 52 week high of $136.31. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The company has a market cap of $11.54 billion, a PE ratio of 41.78, a P/E/G ratio of 4.61 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. The business had revenue of $672.00 million during the quarter, compared to analyst estimates of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The business’s revenue was up 13.9% on a year-over-year basis. During the same period last year, the business earned $0.67 EPS. As a group, equities research analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be issued a dividend of $0.24 per share. 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 payout ratio is 31.79%.

About BWX Technologies

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.